Originally Posted by Manton
The point is, credit scores are a proxy for reliability, trustworthiness, risk, etc. Sellers, landlords, service providers, etc., can't possibly evaluate each renter/customer on the merits so they have to use some quick proxy to do so. Maybe it's not fair but it's also not easy to come up with some perfectly fair and efficient way to make such evaluations in a huge and complex society.
Oh, and Polonius was a fool,...