LogFAQs > #961048000

Its a mixed bag. Credit scores evened the playing field in a lot of ways with regards to who had access to credit. Before standardized scores it was very easy to hide open discrimination against marginalized groups - minorities, women, LGBTQ folks, even different religions. The current credit score system still discriminates where those marginalized groups suffer from external financial discrimination, or still feel the effects of previous discrimination, because it still discriminates quite strongly based on class and wealth.

Credit itself isnt a bad thing, it predates currency itself, but the way we use credit and lending nowadays is not great.