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- Embed this notice@Bad_Banner @blaaablaaaa @InceptionState It's because credit score is a shockingly accurate predictor of how reliable a person you are. Insurance companies, bank loan officers, Wall Street startup investors, and federal security clearance investigators use it too.
Young people typically have bad scores anyway. If the Fed is going to start tanking their scores and changing its predictive value, the system is screwed more than anyone realizes.