This paper analyses American social credit system. Social credit is defined as the belief that the provisioning capabilities of a nation are a result of collective effort and should be used in a democracy way as a fund from which each citizen receives an equal share in the form of a basic income. Many difficulties would be faced without a sound social credit system, so the establishment of a nationwide social credit system should be sped up to improve the development of social credit. The paper discusses what to do as to the development of social credit system.
Key words: credit investigation, social credit system, intermediary agency, credit consciousness, credit organizations.
Résumé: Le présent article analyse le système de crédit social américain. Le crédit social est défini comme la croyance que la capacité d'approvisionnement d'une nation est le résultat de l'effort collectif et devrait être utilisée de façon démocratique comme un fonds dans lequel chaque citoyen peut recevoir une part égale en forme d'un revenu de base. On devrait confronter beaucoup de difficultés sans un système efficace de crédit social. Ainsi, un système de crédit social à l'échelle nationale doit être établi le plus vite possible pour promouvoir le développement du crédit social. Le présent article explore ce qu'il faut faire en faveur du développement du système de crédit social.
Mots-Clés: investigation de crédit, système de crédit social, agence intermédiaire, conscience de crédit, organisations de crédit
America is a developed country, which has built up relatively perfect social credit system through their many years' practice. The main characteristic of the credit pattern is that credit services are completely operated by private organizations. The government only carries out the credit administration legislation in the social credit system, and the surveillance carries out the practice. Analyzing American social credit system can provide beneficial experience to China in establishing and improving the social credit system.
1. STRONGER CREDIT CONSCIOUSNESS PROMOTES CREDIT ADMINISTRATION SYSTEM DEVELOPMENT.
In the U.S., it is very common to see credit transaction. With a deficient credit recording or bad credit record, it is very hard for an enterprise or a person to survive or develop. What is worse, the person with a bad credit record may not be employed as everyone gets an SSN (social security number) in America which can make all individual credit record together. Therefore, no only enterprises but also individuals have very strong credit consciousness.
2. CREDIT INTERMEDIARY AGENCY PLAYS A VITAL ROLE IN CREDIT SYSTEM.
In the U.S., credit-reporting agency is engaged in credit rating, business account pursues receives and the world famous commercial organization specialize in information service. These main intermediary agencies such as Dun&Bradstreet (the New York Stock Exchange code: DNB), TransUnion, Experian and Equifax are world famous credit reporting organizations. The term credit-rating will be restricted to agencies such as Moody's and S&P. The effective management of business credit can contribute to the overall economic health.
3. THE GOVERNMENT AND PROFESSION ASSOCIATION MAKE EFFORTS TO FORM MORE COMPLETE LEGAL FRAME SYSTEM.
The U.S. is the most advanced country in credit economy today and its credit laws and regulation systems are most perfect. The role played by the government is quite limited in the credit profession management while related departments and courts get up the function which in the credit surveillance, main supervising department is the credit administration profession, such as Federal Trade Commission, Na tional Association of Credit Management(NACM), Consumer Credit Protection Act(CCPA), Truth in Lending Act (TILA), Formulated Fair Credit Reporting Act(FCRA), promulgated Equal Credit Opportunity Act( ECOA), (Uniform Consumer Credit Code, UCCC) and so on. …