#49 The Credit Episode: A Brief History Of Credit In America, FICO Scores Explained + Discrimination In The Credit System For Fox Sake podcast

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#49 The Credit Episode: A Brief History of Credit in America, FICO Scores Explained + Discrimination in the Credit System

3M ago 24:50

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**Note: I realize I mispronounced Latine. It is pronounced [lah-tee-ney]

In today’s episode Vee explores credit in America: how it started, how it evolved, and how it’s going in the present day.

She discusses the predatory practices of the financial industry, how credit scores are calculated, and how the more things change, the more they stay the same.

In this episode you’ll learn more about:

How credit began in the 1800s as word-of-mouth and community character vouches
Why a credit score is more than just an “I love debt score”
The selling and profiting off of private information
Redlining, banking deserts, algorithms of oppression in credit reporting and determinations + more!

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SHOW INFORMATION:

For Fox Sake is a personal finance podcast focused on helping you navigate late-stage capitalism through sustainable budgeting and realistic advice. We actively deconstruct money shame, share real and relatable finance stories, and discuss financial literacy that makes sense for a 2024 world.

HOST BIO:

Vee Weir is an award-winning, anti-capitalist personal finance content creator and business owner. Her main focus and mission is to challenge common money myths, dismantle barriers preventing access to financial information and examine how capitalism negatively impacts the working class.

In the past 8 years, Vee has amassed a following of over 35k+ online and has been featured in Forbes, Business Insider, CNBC, and more.

When she’s not online she spends her time hiking with her husband and three dogs in the Rocky Mountains of Colorado.

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DISCLAIMERS:

This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products.
Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.
The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives.
Opinions are our own.

CREDITS:

52 episodes