I would like to add that I do not agree with the notion that the credit rating system in America is better, nor less authoritarian or invasive of our privacy, than the social credit rating system in place in China.
In September 2017, it was reported that the personal information of 143 million Americans was breached, accessed by hackers who hacked into the computers of the consumer credit reporting agency EquiFax.
Despite the fact that the credit system in America is in place "voluntarily" (that is, on the part of people who check their credit rating), Americans with any desire to make use of their credit score are, in effect, pressured into choosing from among one of the government-licensed, government-approved, overregulated, overtaxed agencies that are allowed to do so. And what a coincidence, they all require us to surrender a lot of personal information.
Where can I go to check my credit score, or take out a loan, without revealing my legal name and my government-issued number that allows me to work? What if I don't even agree that the government's conception of the construction of my own name is misguided and presumptuous in the first place? If I can't trust the government to understand that families give names to people, not governments, then how can I trust the government to decide which agencies are allowed to gather the personal information of hundreds of millions of people (be it EquiFax, the offices of the Social Security system, the Secretary of States' offices, etc.).
I do not believe that any mass storage of personal information is safe, either from hackers, or from legalized government invasion. I hope that what I have explained above, concerning I.B.M.'s collaboration with the Nazis, explains my suspicions. Additionally, I find it ridiculous that personal information - much of which anybody could easily find out about us - is used to protect our privacy, and serve as a voucher of our identity.
Our identity is within us. It does not display itself to the outside world; at least, not in the same way that advocates of biometric systems assume it does.
Edited on December 20th, 2018
Post-Script Added between December 24nd and 26, 2018