Re:How Equifax Became a Private IRS
by mattnewton on Monday January 23, 2023 @09:02PM
(#34498120)
It make a a bit more sense when you think about it - Risk isn’t really the main thing incentivized here, making interest payments is haha. Risky lenders don’t make payments, but neither do people who never take on debt
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Re:How Equifax Became a Private IRS
by medvezhenok on Monday January 23, 2023 @09:45PM
(#34498469)
Credit scores actually are designed to measure risk, not interest payments. Otherwise high credit utilization would be a positive:) There are certainly edge cases where the score has low predictive value, but overall the correlation between credit score and risk is quite large.