thedailytoke t1_iugf9q7 wrote on October 31, 2022 at 3:04 AM

Reply to comment by Cruian in How accurate is Credit Karma by CASTePhYRusIO

Wow what’s the point of all of that? In my uninformed opinion, that’s way too much. Either you’re a good borrower or not. A loan is a loan.

beekeeper1981 t1_iugk4j2 wrote on October 31, 2022 at 3:49 AM

Finding a tiny edge for making differing types of loans means a lot more profit for lenders.

Cruian t1_iugrqbc wrote on October 31, 2022 at 5:15 AM

Credit scores aren't for you, they're for lenders. FICO and Vantage continually work to try and improve their models, as well as design ones for specific types of loans.