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yardie

> It is the business of credit agencies to serve as proxies of your credit worthiness.

Please, the dogma they preach they might as well be a religion. * Where you live affects your credit worthiness.

* How long you live there affects your credit worthiness.

* The title of your job affects your credit worthiness.

* Marital status affects your credit worthiness.

* The degree and school you attended affects your credit worthiness.

* How long you have a bank account affects your credit worthiness.

I haven't even touched on the credit part of credit worthiness, yet.

And I know this as these are the bullshit questions I had to answer while we're trying to purchase a home.

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Do you live in the United States? In the United States:

Where you live affects your credit worthiness.

Illegal, and radioactively so. The practice was called redlining and a bank engaging in it would have hellfire rained upon it.

Marital status affects your credit worthiness.

Also illegal.

The degree and school you attended affects your credit worthiness.

Untrue; credit reports don't include this information. (It is available from specialized vendors for doing things like e.g. verifying resumes, but banks don't habitually employ them because your credit history is much, much more reliable.)

The title of your job affects your credit worthiness.

Untrue; titles are generally not reported to CRAs, difficult to get out of customers, and difficult to verify. If you wanted to use them in underwriting, for the same amount of effort you can just ask "What is your salary?" and verify it with the employer the same way you'd verify their title; this gets you everything you want in a more reliable fashion, since salary inflation is less common than title inflation.

> Do you live in the United States?

Yes, we moved here after 15 years of living abroad.

> Marital status affects your credit worthiness.

They asked for this information.

To paraphrase our mortgage broker, "having a 4 year degree makes you much more creditworthy." And I just confirmed it with a family member who works in Fannie Mae, says it's true.

Have you looked at a 1003/residentialloan application lately? You and I both agree they shouldn't be asking these questions but those questions are on the application.

What a credit agency retains on you and what a bank asks from you in a loan application are two different things.

To paraphrase our mortgage broker, "having a 4 year degree makes you much more creditworthy." And I just confirmed it with a family member who works in Fannie Mae, says it's true.

This is absolutely untrue, and I'd have to assume that your family member's role does not require an understanding of this.

Edit: It's also not on form 3001, so I'm not sure what your last sentence is trying to say.

Do employers routinely verify an employee's salary?

In the U.S., your credit score is overwhelmingly, if not exclusively, determined by the status of your credit accounts.

What, pray tell, do you think affects your credit worthiness?

statistics done by machines on past datasets can reveal a great deal about a population, regardless of how discriminatory, unfair or "bullshit", it may seem to a human.

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