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Lenders should be able to make a determination by looking at the person's history of defaulting. An opaque number doesn't tell you that.


I mean, that's exactly what the opaque number is trying to do - typically you have some thresholds, below X deny the loan request, above Y approve, in the gray area review.. The number will have some complex weighting, but I'm not sure how you get away from assigning a score if you want to make an automated decision.


The way the credit bureaus derived scores is automated, so what's the point of the score?




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