4 ms·

It's a score, not a fortune teller. It's for financial modeling, and only one thing of many that lenders look at.

• Retric 4y ago
  The entire point of a credit card score is to predict the future. Being bad at that because of inherent inaccuracies in their methodology is a problem.
  • gruez 4y ago
    >Being bad at that because of inherent inaccuracies in their methodology is a problem. The parent poster already mentioned that it's "not a crystal ball". It doesn't have to be perfect. Sure, there are some edge cases where it fails, but if it works 99% then it's good enough. On the flip side, do you really want a minority report like system that can predict your future credit with 100% accuracy?
    • Retric 4y ago
      99% accuracy is wildly overstating things. With low enough accuracy such predictions become actively harmful.