frugallivingforums

Credit Score

Athanas

Member
Do you support the idea of lending companies to calculate the credit score of individuals before they offer them a loan?
 

Mildredtabitha

Active member
Do you support the idea of lending companies to calculate the credit score of individuals before they offer them a loan?
Yes I support it. They need to determine if the person can afford to repay back the loan. If they were not to calculate it, they would end up losing a lot because most people might not be able to repay the loan.
 

Nocturnal Writer

Active member
Do you support the idea of lending companies to calculate the credit score of individuals before they offer them a loan?
Sorry I don't get of what you are trying to point out of "calculating the credit score". I have been working in the bank for 5 years and I haven't done this approach of calculating the credit score of our loan applicants. What do you mean by this?
 

Ousnamax

New member
I think it should be done at the client's request. My experience shows that people may not always adequately respond to interference with their personal data.
 

This thread has been viewed 175 times.

Top