Why Credit Scores Are a Scam
Credit scores are a ubiquitous part of American life. Try to do anything at all – get housing, get a car, get anything that requires a loan – and you’ll be assessed based on a three-digit number that most people recognize as arbitrary and dumb. So what’s the origin of this weird system? Law professor Chase Madar explains the sinister trends behind the rise of the credit score.
Citations: https://shorturl.at/ryAIT
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0:00 What are credit scores?
1:51 A journey to the '70s
4:32 Enter the '80s
6:57 Creating "debt-prone consumers"
11:00 Credits
Видео Why Credit Scores Are a Scam канала The Gravel Institute
Citations: https://shorturl.at/ryAIT
These videos are 100 percent funded by small donations from people like you. And we really need your help. So if you can, join us on Patreon: https://www.patreon.com/gravelinstitute
Or, if you prefer, give a one-time donation: https://secure.actblue.com/donate/gi-youtube/?refcode=VIDEO&amount=4.20
Thank you!
Get Institute Merch: https://merch.gravelinstitute.org/
Twitter: https://twitter.com/GravelInstitute
Instagram: https://www.instagram.com/gravelinstitute
Facebook: https://www.facebook.com/GravelInstitute
0:00 What are credit scores?
1:51 A journey to the '70s
4:32 Enter the '80s
6:57 Creating "debt-prone consumers"
11:00 Credits
Видео Why Credit Scores Are a Scam канала The Gravel Institute
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