01-08-2013 09:47 AM - edited 01-08-2013 09:49 AM
Can someone post a good definition of the term "Credit Card Underwriting"? I have a general sense of what "underwriting" is but would like a more "official" definition, if you may.
01-08-2013 10:52 AM
that's the easiest, best way to describe.
credit cards have lending standards which are included in their underwriting
01-08-2013 10:58 AM
Some of the standards are in stone and others not
01-08-2013 11:02 AM
01-08-2013 11:06 AM
spec credit cards have spec standards.... such as FICOs, DTI, income, uhhh... existing accounts... util... aaoa... that's why everyone worries so much about those specifc things lol
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