I think there's a large gap between your credit history and the comments you make online. Or the comments your friends make online.
Pretty much nothing that impacts our rights impacts our credit scores. For example, freedom of speech, press, religion, gun ownership and much more do not impact your credit score.
FICO certainly correlates with some factors you may not want to be included but it seems like a pretty reasonable compromise. If I sublease my apartment to someone, shouldn't I be able to know if they actually pay their debts?
There are lots of problems around the implementation and privacy with FICO but these seem more logistical and implementation than a broken idea in general.
The Chinese social credit seems broken in general. Allowing US companies to check your instagram also feels broken but it's complicated. If you lie to an insurance company and then post that lie online (ie the adventurous sports example from the article), maybe you should face consequences.
A difficult situation is when tech monopolies ban you from using their service. For example, I believe every American should have the right to hear/read every public announcement made by the President. If you get banned from twitter, you may have your rights violated somewhat.
My main gripe about FICO is that they are not transparent about the methodology and the ways in which you could appeal a decision are murky at best and are difficult and take months to fix in many cases. I prefer full transparency as to what the rules are and the algorithms used for the purposes of credit so we as a society can decide rather than private businesses deciding for us what our social credit and other forms of credit is. Why shouldn't I be allowed to improve my credit and why shouldn't that process be completely transparent?
Pretty much nothing that impacts our rights impacts our credit scores. For example, freedom of speech, press, religion, gun ownership and much more do not impact your credit score.
FICO certainly correlates with some factors you may not want to be included but it seems like a pretty reasonable compromise. If I sublease my apartment to someone, shouldn't I be able to know if they actually pay their debts?
There are lots of problems around the implementation and privacy with FICO but these seem more logistical and implementation than a broken idea in general.
The Chinese social credit seems broken in general. Allowing US companies to check your instagram also feels broken but it's complicated. If you lie to an insurance company and then post that lie online (ie the adventurous sports example from the article), maybe you should face consequences.
A difficult situation is when tech monopolies ban you from using their service. For example, I believe every American should have the right to hear/read every public announcement made by the President. If you get banned from twitter, you may have your rights violated somewhat.