There's a key difference: One is based on just your financial history, only on the numbers. The other is based on everything you do all the time, which is way way way more privacy invasive.
But does the corporate data collection factor into your FICO score? Unless there's some new scary development I'm not aware of, the FICO score is only based on the following: length and number of accounts, revolving utilization, if payments are on time, and the loans you have made (based on the size and frequency of them).
You and your friends' social media activity, among numerous other things, can absolutely affect your ability to get a loan, a job, a rental contract, etc.
When you're rejected for a loan by a bank in the USA you're entitled by law to know the reason. If your credit is good, your job is stable, and you've got no history of finance-related crime then you won't be denied a loan. If you're denied a loan because of the type of porn you browsed or some shit you said on Twitter, then that's grounds for a discrimination lawsuit.
When you get your credit report, there is a statistical breakdown of your score and all of the sources on the report. So, if there is something as stupid as a social media adjustment, you can contest that.
If I clicked every link sent to me by some CCP cuck on lemmy I'd be reading for the next 87 years straight and none of my questions would be answered.
If you can argue my point then do so, if you can't then stfu. I made a pretty simple statement, now you have the opportunity to retort. Everything impacting your credit score is listed directly on your credit report, and you can contest these entries.
Edit: I can't respond to replies from the deeply unserious users of the cowardly instances that have defederated from HB, nor those instances so filled with liberalism and foolishness (but I repeat myself) that we had no choice but to defederate from them. Go read a book.
It is real, it was first put into use in 2014 with a six year plan to make it fully operational, but it's never reached that point. It not being as big as the CCP intended doesn't make it not real, it's still in use right now.
One of them actually exists and applies to every person in the country if they want housing or to finance a car.
One of them basically doesn't exist and where it kind of does, city by city, is mostly about tracking businesses and whether some people have broken the law.
Y'all have fallen victim to cartoonish propaganda against the designated enemy. Why do you think that propaganda exists? What is its purpose?