Now I have some questions / comments ...
Anyone else get the sense of false specificity? Why is the score out of 900 with these massive ranges - is there that much of a difference between a 694 and 722? What is it, exactly. Exactly. You could probably crunch it down to 1-50, or even 1-10, or 1-5. This isn't some multi variable crazy analysis here, guys. You're solving for credit worthiness ... which is essentially, will they pay on time and will they pay it all back when it comes due. That's it. It doesn't even calculate affordability because it doesn't (technically) know your income ... lol.
Then you have Palantir using 'Big data' and 'machine learning' and 'predictive analytics' to catch Osama Bin Laden and the likes of Target to give you super specific and relevant offers (diaper story, anyone?), and this was 7 and 4 years ago, respectively ... how far technology has come since ... you think the Banks need that to adjudicate a $10,000 credit card? Probably not. We are pretty predictable. Much easier / cheaper to put you into one of the 1-5 buckets and call it a day.
891.5 credit score btw. Cultivated carefully over 11 years.
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