4 ms·
On the contrary, the actual rules and methodologies for credit score calculations are not documented anywhere public. Saying essentially "just don't do bad thi
by epgui 4y ago
On the contrary, the actual rules and methodologies for credit score calculations are not documented anywhere public.
Saying essentially "just don't do bad things to your reputation" is at most a very hand wavy "rule of thumb", but it's not a codified "rule" of the sort we should expect to see of such a consequential system.
- gruez 4y ago> On the contrary, the actual rules and methodologies for credit score calculations are not documented anywhere public. The exact formulas might not be, but the general factors aren't exactly a secret. Hell, the "free credit score" service my bank offers even provides a simulator tool to estimate what would happen to my credit score if I did certain things (eg. get a car loan, or pay off an existing loan).