I'm not an expert on this but I did have to use them in one of my first jobs out of school (and not since then). It's not a science. Anyone using them is using them subjectively along with other individual company criteria. The score itself probably means different things for each reporting company.Why does Experian, Transunion and Equifax all report differing credit scores? Not by a wide disparity, but still. Why?
Different algorithms used in the scoring. If you have 3 factors (A, B, and C) being considered, then one credit report might weight them equally, another might favour A over B and C, and another favours C etc.Why does Experian, Transunion and Equifax all report differing credit scores? Not by a wide disparity, but still. Why?
I'll take that bet. I'll give you odds.I'm sure the know-it-alls will be along shortly to rant about corporatism, sub-prime credits, global capitalism, etc.
The Bandar-log were modeled on people. Rumors that the people modeled were Chicago School economists are false - although the rumor is otherwise plausible, the school did not yet exist.[insert rant about corporatism, sub-prime credits, global capitalism, etc]
Since a good share of their competitive advantage - what they sell when they sell their services - lies in the differences between their algorithms, we do not need the assumption of "independence". That's good, because a lot of that stuff was based on taxpayer funded research.But assuming they all developed their algorithms separately then it's unlikely they'd be the same.
Why does Experian, Transunion and Equifax all report differing credit scores? Not by a wide disparity, but still. Why?
default rates, and the relative factors of those who defaulted.
Rainbow, the gift that keeps on giving...
Ah, words to live by I guess.the door will only close when you stop sticking your penis in it
fruitful encounter as it has just posed a question for meAh, words to live by I guess.
fruitful encounter as it has just posed a question for me
does Ego drive drug addiction ?
note global opioid pandemic
quite financially linked too
im not saying give free self helps books to hospital patients or junkys...
but driving culture is how you change cultural problems and Ego drives those by group models of normative behaviour culture models.
be those B&D or puritanical A-sexuality
I'm not an expert on this but I did have to use them in one of my first jobs out of school (and not since then). It's not a science. Anyone using them is using them subjectively along with other individual company criteria. The score itself probably means different things for each reporting company.
You could have 3 different job interviewers for a particular company and it wouldn't be surprising if they each ranked the job candidates slightly differently. It's the same with credit scores.
What you are typically really looking at is their credit history and not so much the score. The score just helps if you are approving credit on a mass scale such as for credit card companies.
I'm sure the know-it-alls will be along shortly to rant about corporatism, sub-prime credits, global capitalism, etc.
Different algorithms used in the scoring. If you have 3 factors (A, B, and C) being considered, then one credit report might weight them equally, another might favour A over B and C, and another favours C etc.
The algorithms will be established on some overall analysis of things like default rates, and the relative factors of those who defaulted. That way they try to weight those factors A, B, and C to arrive at a prediction of the likelihood you are to default, etc. But assuming they all developed their algorithms separately then it's unlikely they'd be the same. And as Seattle said, the scores might also mean different things in each case.
[insert rant about corporatism, sub-prime credits, global capitalism, etc]
It can mean that you may be applying to too much credit in too short a period of time. Banks what to lead money to you mainly if you don't need it.You've both helped me understand this a bit better, thank you. Why do credit scores dip if you simply apply for a new line of credit? This isn't always the case, but sometimes.
Excellent questionIs the ego substantially different in those addicted to opioids than in those not so addicted?
Are you seeing the difference as the Risk report being used by companies, and Credit reports being for individuals? If so they're not dissimilar - just a different focus. One's credit/risk score goes up and down depending on how risky they are in terms of being able to pay back credit or investment. Someone with a score of 400 will be less risky than someone with a score of 200. A company with a rating of AAA (at the top of the "investment grade" ratings) will be much less risk for both lending to and investing in than one at CCC (considered "junk" for investment purposes).risk reports Vs Credit Reports...
i doubt wegs is talking about risk reports
It is assumed that you are taking more on credit, thus will owe more to people. If you are lending money to someone it is generally better if they don't owe too much to anyone else, so that if/when you default your assets won't be shared between too many other lendors. So the more lines of credit you have, the higher the risk you become to future lendors.Why do credit scores dip if you simply apply for a new line of credit? This isn't always the case, but sometimes.
If this isn't the distinction you mean, then you'd have to explain, please.
Tayes & no
extremely concise and well worded post
Ah, sort of a market and evnironmental (financial) risk analysis that the entity will condut upon itself? Yeah, don't think wegs is asking about that. She's very much looking at the consumer end of things.i.e/eg
"what risk is our company operating in as a environmental risk to the value of the business capital as a market"
i imagine those will be doing over time over the next 2 years given the fluctuation of supply & demand on consumer credit & small scale income risk of customers etc.that