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The Credit-Industrial Complex



It's out there ... lurking. Stalking you at night and shadowing you throughout the day. It never sleeps. It doesn't need to. It scans, collates and registers its harsh judgments with cold specificity. It's ... your credit score.

JP Sottile, Reader Supported News

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Bearing the innocuous name "FICO," the widely used credit rating and "risk assessment system" tirelessly works to determine your "creditworthiness." Over the last twenty years most Americans have, either by choice or by surprise, come face-to-face with FICO and its potent power to kill a dream or make it come true.


Whether or not you get to take home that HDTV, go into escrow on that house with great "flip potential" or take advantage of that low, 6-month balance transfer APR ... it all depends on where you fall on the FICO scale. Ranging between 300 and 850, that number is, for all intents and purposes, who you are in the hurly-burly world of America's debt-driven economy. The closer you are to 850, the better you look to banks and lenders. If your number reaches 750 or above, debt mongers look at you like a credit-worthy starlet on GHB. As far as they're concerned you are ready for action. If, however, you are more in the 350-600 range, they tend to walk on the other side of the street when you saunter down credit card lane.