The concept of a credit score isn't some sacred ancestral tradition passed down from the founding fathers it's an extremely recent invention by banks to grub even more shekels.
Sorry for being a faggot, but the
concept actually is an ancient tradition passed down from long before the founding fathers and is great. It's giving money (or in an even wide sense power) to people who have proven they capable of handling it and have a decent idea. This concept used to be done via just knowing people and their reputation, making sure they were raised right etc. That's actually a great concept.
I can't remember who it was but some guy in an interview was talking about how back in the day, loans would be given out by a local banker who
knew the people he loaned to. If a farmer wanted a loan, a loan officer would literally go to his farm, observe it, and have dinner with the farmer's family and discuss things, maybe go to church with him. It gave him the chance to judge the farmer's
content of character. This is infinitely valuable.
If you've ever loaned money to a friend, you probably weren't going through his checkbook or finances or asking for some written out plan, you just thought "oh yeah, tim is a good guy he'll pay me back when he can and i'm sure the money is going for something good".
That's the aspect that credit scores and society in general have completely removed form the equation. Basic human interaction. Obviously as things scale up we have to lean more towards data and less towards human interaction for practical reasons, but we've leaned too far.
Also the old fashioned way probably led to a lot of very heckin racist decisions from the loan officers, and as we know the modern world requires everyone to be reduced down to a number and any decisions made from anything other than that number is heckin fascism.
TLDR: we used to have a society now we have a beurocracy.