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What Are Credit Scores Actually Designed to Do?
Manage episode 377272889 series 2954982
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.
76 episodes
Manage episode 377272889 series 2954982
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.
76 episodes
All episodes
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