Credit-Score Exclusion Spiral

Credit-Score Exclusion Spiral A lifecycle diagram generated by Archify. Credit-score spiral Reinforcing hardship Terminal outcome Stable · good worker, good score · Credit-score spiral · baseline 01 Stable good worker, good score baseline Shock · misfortune outside control · Credit-score spiral · external 02 Shock misfortune outside control external Missed Payments · bills go unpaid, repeats · Credit-score spiral · recurring 03 Missed Payments bills go unpaid, repeats recurring Lower Score · score recalculated down · Credit-score spiral · penalty 04 Lower Score score recalculated down penalty Less Hirable · employers filter by score · Credit-score spiral · filter 05 Less Hirable employers filter by score filter Poorer · poverty deepens, cycle trap · Reinforcing hardship · trap 06 Poorer poverty deepens, cycle trap trap Excluded · shut out of jobs and services · Terminal outcome · terminal Excluded shut out of jobs and services terminal job loss or illness income falls short score suffers hiring filter poverty deepens payments missed again shut out of jobs shut out of services Legend initial state active decision failure / exit external final state