When I read all this, I can't help but thinking that Europe is doing better in this respect. Policies like GDPR help to prevent such large scale personal data collection and hence abuse.
Also, things like scores and rankings to get a loan/mortgage are not what I ever experienced. The procedure basically is, you take your last 3 salary slips and shop a few banks. You take the one with the lowest rent. Done. After all, you sign a document that states that the bank might sell your property if you do not pay off (for quite some months)
Also, things like scores and rankings to get a loan/mortgage are not what I ever experienced. The procedure basically is, you take your last 3 salary slips and shop a few banks. You take the one with the lowest rent. Done. After all, you sign a document that states that the bank might sell your property if you do not pay off (for quite some months)
Or do I see it wrong?