Abolish Credit Scores to Aid in Economic Recovery


Abolish Credit Scores to Aid in Economic Recovery
The Issue
In the United States, countless Americans are struggling to recover from the ongoing economic debt crisis. Particularly, the traditional credit scoring system prevalent in the country is acting as a substantial barrier to financial recovery for many. There is a large section of people who, because of their credit scores, cannot secure the necessary loans or financial aids to get back on their feet. For instance, a 2020 analysis from Consumer Reports saw an average of 68% of respondents indicating that their credit scores negatively affected their ability to purchase a car, rent or buy a home, as well as take out personal loans. Therefore, we urgently call for the abolition of credit scores. Such a move will contribute toward economic inclusivity and create a more fair system that does not penalize people for financial misfortunes beyond their control. It is time for a change. We implore relevant authorities and lawmakers to take immediate action. Please sign this petition to support the abolition of credit scores – let's help all Americans counter the economic debt crisis and recover.

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The Issue
In the United States, countless Americans are struggling to recover from the ongoing economic debt crisis. Particularly, the traditional credit scoring system prevalent in the country is acting as a substantial barrier to financial recovery for many. There is a large section of people who, because of their credit scores, cannot secure the necessary loans or financial aids to get back on their feet. For instance, a 2020 analysis from Consumer Reports saw an average of 68% of respondents indicating that their credit scores negatively affected their ability to purchase a car, rent or buy a home, as well as take out personal loans. Therefore, we urgently call for the abolition of credit scores. Such a move will contribute toward economic inclusivity and create a more fair system that does not penalize people for financial misfortunes beyond their control. It is time for a change. We implore relevant authorities and lawmakers to take immediate action. Please sign this petition to support the abolition of credit scores – let's help all Americans counter the economic debt crisis and recover.

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The Decision Makers

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Petition created on February 14, 2025