Quote:
Originally Posted by JasonCSU
It is how financial risk of an individual is determined. How does it not come up in other countries? Do banks just issue credit cards or approve loans for anyone regardless of their financial situation?
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No, they look at your income and credit payment history as well as potential credit load and make a call. Seems to work, the US seems OBSESSED by this score that can be fudged or screwed up for better or worse.