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What Are Credit Scores Actually Designed to Do?

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Manage episode 377272889 series 2954982
Content provided by VantageScore. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by VantageScore or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Credit scores have become a ubiquitous and valuable component of lending and borrowing. They revolutionized underwriting by streamlining the process and permitting centralized lending, where a policy can be deployed with ease across a bank’s entire network of branches.

But the one question that lenders that use scores, or consumers who are trying to improve theirs rarely asked is, “What is a credit score actually designed to do?”
Listen in to learn more.

  continue reading

76 episodes

Artwork
iconShare
 
Manage episode 377272889 series 2954982
Content provided by VantageScore. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by VantageScore or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Credit scores have become a ubiquitous and valuable component of lending and borrowing. They revolutionized underwriting by streamlining the process and permitting centralized lending, where a policy can be deployed with ease across a bank’s entire network of branches.

But the one question that lenders that use scores, or consumers who are trying to improve theirs rarely asked is, “What is a credit score actually designed to do?”
Listen in to learn more.

  continue reading

76 episodes

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