6 ms·

Maybe I am missing something, but wouldn't it make perfect sense if they have dramatically different income? I think even if two people have their property in

Maybe I am missing something, but wouldn't it make perfect sense if they have dramatically different income? I think even if two people have their property in common (and if the algorithm even knows about that), it is still not unreasonable to believe that there is a higher probability of the one with higher income paying off his or her loans.

jacquesm 7y ago
I don't think DHH or his wife are a risk with respect to being able to pay off their loans. Any reasonably adept credit scoring algorithm should be able to pick up on that.
JumpCrisscross 7y ago
> wouldn't it make perfect sense if they have dramatically different income? The implication in citing their joint filing status is they submitted identical incomes. They have the same address, assets, and she had a better credit score. She is also a woman.
- rndgermandude 7y ago
  If she applied after him getting his application approved, this might very well explain her tiny line of credit: the algorithm didn't look at him and her alone in isolation, but at both at the same time, saw a certain combined income, saw he already has a large line of credit issued and concluded "I am not giving them another 3000 bucks or whatever, they already got that, so let it be 50 bucks or something, the minimum we can give to a customer, because really they together used all the credit we're willing to extend already when he got his card approved". If she applied first, she might have gotten the big chunk, and he might have ended up with the tiny chunk. Or it might be that the algorithm training data was just biased against women, which is entirely possible as well. The black-box-ness, even to employees, of course, is a huge problem.
  - mikestew 7y ago
    My wife and I fit that scenario. I was on the card beta. She applied (well, I applied for her) as soon as it went wide release. Exact same credit limit, she got a five percent lower interest rate. Applications were filled out identically, I did them both.
zrail 7y ago
Credit card limits are usually based on household income.
disiplus 7y ago
i don't think that income is better then historical data of you paying on time. i have 3x the pay of my wife but she pays always on time and i get overdue notices because i forget or don't care.
anamexis 7y ago
Income is generally supplied by the applicant at the time of application, and they presumably both used the same household income number.
gyc 7y ago
DHH said his wife actually had a higher credit score than him.
- umanwizard 7y ago
  So what? Credit score and income are two separate things. Credit applications look at both.
- defen 7y ago
  Doesn’t that concede the point that married couples can have different credit profiles? How much higher is her score? What is the max amount of credit GS will issue to a household? DHH has a history of acting righteously angry without having all the relevant facts.
  - mcphage 7y ago
    > DHH has a history of acting righteously angry without having all the relevant facts. Well, if you know a better way to get the relevant facts without throwing a fit on social media until hopefully a state AG takes note, then maybe we’ll all do that next time instead.

jacquesm 7y ago

I don't think DHH or his wife are a risk with respect to being able to pay off their loans. Any reasonably adept credit scoring algorithm should be able to pick up on that.

JumpCrisscross 7y ago

> wouldn't it make perfect sense if they have dramatically different income? The implication in citing their joint filing status is they submitted identical incomes. They have the same address, assets, and she had a better credit score. She is also a woman.

rndgermandude 7y ago
If she applied after him getting his application approved, this might very well explain her tiny line of credit: the algorithm didn't look at him and her alone in isolation, but at both at the same time, saw a certain combined income, saw he already has a large line of credit issued and concluded "I am not giving them another 3000 bucks or whatever, they already got that, so let it be 50 bucks or something, the minimum we can give to a customer, because really they together used all the credit we're willing to extend already when he got his card approved". If she applied first, she might have gotten the big chunk, and he might have ended up with the tiny chunk. Or it might be that the algorithm training data was just biased against women, which is entirely possible as well. The black-box-ness, even to employees, of course, is a huge problem.
- mikestew 7y ago
  My wife and I fit that scenario. I was on the card beta. She applied (well, I applied for her) as soon as it went wide release. Exact same credit limit, she got a five percent lower interest rate. Applications were filled out identically, I did them both.

zrail 7y ago

Credit card limits are usually based on household income.

disiplus 7y ago

i don't think that income is better then historical data of you paying on time. i have 3x the pay of my wife but she pays always on time and i get overdue notices because i forget or don't care.

anamexis 7y ago

Income is generally supplied by the applicant at the time of application, and they presumably both used the same household income number.

gyc 7y ago

DHH said his wife actually had a higher credit score than him.

umanwizard 7y ago
So what? Credit score and income are two separate things. Credit applications look at both.
defen 7y ago
Doesn’t that concede the point that married couples can have different credit profiles? How much higher is her score? What is the max amount of credit GS will issue to a household? DHH has a history of acting righteously angry without having all the relevant facts.
- mcphage 7y ago
  > DHH has a history of acting righteously angry without having all the relevant facts. Well, if you know a better way to get the relevant facts without throwing a fit on social media until hopefully a state AG takes note, then maybe we’ll all do that next time instead.