Magic69

This article thinks so, if you are American anyway.

About 67% of those surveyed incorrectly said that age is used in calculating credit scores, and a majority of those surveyed didn’t know that a landlord or a cell phone company may consider applicants' numbers in deciding whether to offer housing or service and at what price.

Yeah, so the folks who were surveyed got those answers wrong. That doesn't make us all idiots, right? Well, the next stat is more telling...

Almost half of respondents correctly said a credit score is primarily used to assess risk for lenders that a borrower won’t repay a loan, according to the report released this week.

In other words, OVER half of Americans have zero idea what a credit score is used for. Not memorizing all the variables that are taken into account to calculate the credit score is one thing, but not knowing the whole reason for a credit score is a bit embarassing.

Yes folks, you are judged on how well you pay your debts, and that judgement is represented by a number which is called a "Credit Score". Class dismissed.