April 27, 2008, on this blog: Puffy shirt
The infectious jingles sung by FreeCreditReport.com’s Beck impersonator are also based on another, even more insidious lie — the notion that one’s “credit score” is a worthwhile, accurate or reliable measure of trustworthiness. Failure to make timely payments is one possible reason for a lower “score,” but so is the failure to have large amounts of disposable income. By confusing and falsely equating those two things — being untrustworthy and being poor — our current obsession with credit scoring feeds into the mythology that the poor are poor because they are less deserving, less moral, less worthy than the rest of us.
A credit score, in other words, is not just an inaccurate and misleading metric; it’s also an evil one.