Re:California bans ITT tech from accepting new students
by ensignavenger on Tuesday August 30, 2016 @11:22AM
(#12390955)
I'm not sure there is 'no correlation'. But I don't trust the credit industry to not do stupid things...
My credit report often has accounts that aren't mine listed. Balances can be wrong for months. Accounts occasionally show late payments that were on time. The dates are often wrong (sometimes by years) for items, and then little things that are used to verify my identity by many companies can be quite wrong, like past addresses.
What is inaccurate about your FICO score? Maybe it results in false negatives (meaning your score is low when it should be high), but if the opposite was true across the board (bad borrowers getting high scores) then the credit industry would collapse.