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"We" don't. You're not the customer, the credit providing company is. And they use it because there hasn't historically been a better alternative.


Why don't we have the government keep track of credit history?


Because then you end up with a system like the social credit score in China.


[flagged]


Could you please not post unsubstantive comments to HN? We're trying for a bit better than the internet usual here.

https://news.ycombinator.com/newsguidelines.html


Because that would be worse.


Dear god, no. However bad Equifax is, the government would be even worse. As the old saying goes "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.".


What sort of ways do you think it would be worse?




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