Re:In Detroit a $6.5M loan fund threw FICO scores out, the r...
by youngcontrarian on Friday September 01, 2017 @05:01AM
(#15147084)
From the article :
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"A lot of this is just putting numbers into some sort of algorithm, and if you're above you're good to go, and if you're below you're not," Heredia-Lopez said.
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Does not seem like an astute understanding of credit risk. I would not be confident in the sustainability of this initiative.
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"A lot of this is just putting numbers into some sort of algorithm, and if you're above you're good to go, and if you're below you're not," Heredia-Lopez said.
"
Does not seem like an astute understanding of credit risk. I would not be confident in the sustainability of this initiative.