4 ms·
Imagine the multi-dimensional cross-checked ML driven future of credit reporting. You go in to apply for a home loan... "We see here that you missed a payment o
by dsnuh 8y ago
Imagine the multi-dimensional cross-checked ML driven future of credit reporting. You go in to apply for a home loan... "We see here that you missed a payment on your car loan in January, yet we also see from your trending posts that during that month you spent an estimated $408.34 on non-essential expenses during the same period based on your mapped locations. I'm afraid we cannot offer you anything at this time."
- briandear 8y agoOr the flip side where you benefit because the system understands your actual risk profile rather than being at the mercy of highly error-prone credit reporting. I had 5 tax liens on my credit from the state of Missouri, despite never living there or operating a business there. It took me a year and a lawsuit against Experian before that was fixed. And this is despite having documents from the Missouri courts discharging the liens and certifying They were imposed in error.