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The credit scores are accurate now, but what if a recession happens? Similar to subprime mortgage, if housing values keep going up there wouldn’t be any problem
by Aperocky 6y ago
The credit scores are accurate now, but what if a recession happens? Similar to subprime mortgage, if housing values keep going up there wouldn’t be any problem even if people defaulted. But the economy as a whole can change and your credit score based on when economy was well is suddenly useless.