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In reply to your first point, the original article discusses credit score, which does not use income in any way. You're talking about applying for loans, which

In reply to your first point, the original article discusses credit score, which does not use income in any way. You're talking about applying for loans, which use a credit score and other factors to determine credit worthiness. My points are relevant to the credit score only. Consider the fact that conflating credit score to credit worthiness (respectfully, as your reply does) as the biggest indicator of the brokenness.

bbarnett 5y ago
The purpose of a credit score, is to show past payment history. Current income, W2, working or not, all of this is a second factor, separately determined by the lender. Web browsing habits are odd in either category.
dragonwriter 5y ago
> Consider the fact that conflating credit score to credit worthiness (respectfully, as your reply does) No, it doesn't. My reply was to a question that did that, and explicitly corrected it, identifying other factors considered in creditworthiness besides credit score.
- archildress 5y ago
  Again, my original comment is merely a criticism of credit score and not the entire consumer lending infrastructure. Three credit bureaus purport to have a comprehensive opinion of someone's credit worthiness without considering their income and that's broken, full-stop.
  - dragonwriter 5y ago
    > Again, my original comment is merely a criticism of credit score and not the entire consumer lending infrastructure Then why did it explicitly say that income was not considered in creditworthiness? The conflation of that with credit score was from this line in your comment: “Why then do we not take income into account in credit worthiness?” My response was directed at the error in the explicit premise of this question. > Three credit bureaus purport to have a comprehensive opinion of someone's credit worthiness No, they don't, which is why they also gather and provide, as separate products, payroll data and other data, and even credit decision platforms that incorporate income and other data. Credit score is a single product with a more limited function (both as advertised and as used by customers) than you are representing.
    - sgerenser 5y ago
      Exactly, a credit score is supposed to correlate with someone’s willingness to repay debts. Income is used to determine someone’s ability to repay. Almost all lending decisions evaluate both.

bbarnett 5y ago

The purpose of a credit score, is to show past payment history. Current income, W2, working or not, all of this is a second factor, separately determined by the lender. Web browsing habits are odd in either category.

dragonwriter 5y ago

> Consider the fact that conflating credit score to credit worthiness (respectfully, as your reply does) No, it doesn't. My reply was to a question that did that, and explicitly corrected it, identifying other factors considered in creditworthiness besides credit score.

archildress 5y ago
Again, my original comment is merely a criticism of credit score and not the entire consumer lending infrastructure. Three credit bureaus purport to have a comprehensive opinion of someone's credit worthiness without considering their income and that's broken, full-stop.
- dragonwriter 5y ago
  > Again, my original comment is merely a criticism of credit score and not the entire consumer lending infrastructure Then why did it explicitly say that income was not considered in creditworthiness? The conflation of that with credit score was from this line in your comment: “Why then do we not take income into account in credit worthiness?” My response was directed at the error in the explicit premise of this question. > Three credit bureaus purport to have a comprehensive opinion of someone's credit worthiness No, they don't, which is why they also gather and provide, as separate products, payroll data and other data, and even credit decision platforms that incorporate income and other data. Credit score is a single product with a more limited function (both as advertised and as used by customers) than you are representing.
  - sgerenser 5y ago
    Exactly, a credit score is supposed to correlate with someone’s willingness to repay debts. Income is used to determine someone’s ability to repay. Almost all lending decisions evaluate both.