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- Location: WI
Just another way for the garden cult founders to make more $$$ selling this to lenders.
It says "Credit scores are predictive models" but what data are they using to try to predict the future? The past and present of course, which as we know is no guarantee of what may come in the future. Just ask the company that handles your investments about that one.
“The lending marketplace has changed dramatically in the last few years,” said Anthony Sprauve, senior consumer credit specialist for FICO. “It’s become a lot more complicated to evaluate a consumer’s risk.”
Really how so - defaults, judgements and BKs are suddenly more difficult to evaluate? Do tell. I think we can translate that to more marketing hype.