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> There'd probably be a higher chance of someone with bad credit running off with the stock. Do you have anything resembling evidence to back up that assertion
by jackmaney 11y ago
> There'd probably be a higher chance of someone with bad credit running off with the stock.
Do you have anything resembling evidence to back up that assertion?
- orblivion 11y agoDo you require evidence for every common sense judgement you make?
- jeremysmyth 11y agoCommon sense judgements are how harmful stereotypes are born.
- iamdave 11y agoYou know, there's a degree of uncomfortable truth to this that requires the words "common sense" to be thrust between quotation marks for the statement to work.
- orblivion 11y agoMaybe so, but it's literally all we have to go by, day to day, until somebody has the resources to conduct a proper study.
- MichaelBurge 11y agoBeing advanced stock is literally being given a loan of that stock, and the primary motivation of credit scoring is to be able to judge whether someone will default on their loan. Admittedly, that only defers the question to, "Does credit scoring accomplish its primary motivation?" But you could become a loanshark millionaire if it turned out that people with low credit score were equal or better borrowers than people with high credit score, since the existing financial industry isn't serving them as well.
- maxdemarzi 11y agoThis is exactly what Avant in Chicago is doing.