Re:North Korean Tactics (2020) [pdf]
by api on Wednesday August 03, 2022 @06:32AM
(#32329888)
It was explained to me like this: the credit score is not a credit score in the sense you might imagine. It doesn't track your likelihood to repay. It's a score indicating your likely aggregate profitability to banks as a borrower.
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Re:North Korean Tactics (2020) [pdf]
by Broken_Hippo on Wednesday August 03, 2022 @06:36AM
(#32329912)
That does make sense, though it makes it that much more of a horror that places are using it to determine whether or not you'll make a good employee or a good renter. "You won't make money for the bank, so pay more for insurance and don't rent here". Those places definitely use it differently than the folks providing the scores.