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The State Council sought to accelerate the development of social credit and, in 2014, issued the Planning Outline for the Construction of a Social Credit System (2014-2020). [ 16 ] : 78 The Planning Outline was a major step in China's approach to developing a social credit system; before the 2014 Planning Outline , there had been only one high ...
Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas. Douglas attributed economic downturns to ...
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. [1]
The classic FICO credit score (named FICO credit score) is between 300 and 850, and 59% of people had between 700 and 850, 45% had between 740 and 850, and 1.2% of Americans held the highest FICO score (850) in 2019. [15] [16] [17] According to FICO, the median FICO credit score in 2006 was 723 [18] and 721 in 2015. [19]
The non-profit organization Student Debt Crisis along with Summer, a social impact startup that helps student debt holders published a national survey in 2018 that found 59% of respondents were prevented from making large purchases, 56% from buying a home, and 42% from buying a car. 58% reported that their credit scores had declined due to the ...
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A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government). It is the practice of predicting or forecasting the ability of a supposed debtor to pay back the debt or default . [ 1 ] .
In the 1940s, Social Credit supporters in Quebec often ran under the name Union des électeurs. This was a social credit organization that was formed in 1939 by Louis Even and Gilberte Côté-Mercier as the political arm of their religious organization, the Pilgrims of Saint Michael. They shared some ideologies, but did not merge or collaborate ...