I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
Credit cards, but not credit. Home, auto, business, and other loans have existed long before that.
And those loans were far more restrictive than modern day and usually more references and cosigners.