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Comment by kybernetyk | Hacker News Reader

I guess statistically ;)

They take average paying morale in a neighborhood into account. But I guess one very bad seed can spoil pull down a otherwise good/average neighborhood.

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Usually one bad apple won't kill the area rating, they filter for that.

Image search for "schuldneratlas" (a detailed map of private households in distress) to get some impressions.

Or see there: http://www.boniversum.de/schuldneratlas/

All the more reason to open a private mailbox and conceal your real address from banks, employers, and when making purchases. Also, since I live outside of the city, shipping is cheaper too. I doubt the UPS store has a bad credit rating.

you don't think that their databases also identifies CMRAs? they are well known addresses.

http://en.wikipedia.org/wiki/Commercial_mail_receiving_agenc...

https://ribbs.usps.gov/index.cfm?page=mtcsa

(you can also google for dpv cmra)

For many consumers, their bank already knows their physical address since they have their home loan through the same bank.

The original post sounded like they were renting, so yea, your mortgage holder knows the address of the house you bought, but your bank does not need to know the address where you are renting. A personal mailbox is not going to shield your private address from every entity, but it can help with many. Also, the mortgage holder does not know if you are still living in that house, especially if you list a different address.

That's very strange. IMO, it might make sense to operate on the "Folks with bad credit tend to cluster" intuition for folks who have no established credit history, seeing as how you don't have any other data on them. However, it makes no sense to do this for people who have an established track record. I'm sure as hell not going to stop honoring my financial obligations just because I moved into a building with some deadbeat debtor (or worse, just because the debtor moved in to the building!).

Do these creditors think that people have the moral fortitude of five-year-olds?!

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