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I'm confused about just how much stock lenders put into the scores vs. the information on the credit report. When I applied for a loan last Monday, I didn't think it would be approved due to my low scores. However, the loan officer said "Your credit looks good, keep it up." I think it works better when there's a human being looking at your report instead of a computer looking at your scores. Has anyone else noticed anything similar?
Yes. When they actually look at your report they have the ability to not count things whereas a score is just that, a score, based on your credit profile.
What I mean by not count things, is if you have a 3 year old collection, it is still scored as a collection but the manual reviewer can say they don't care about it because it is older.
@guiness56 wrote:Yes. When they actually look at your report they have the ability to not count things whereas a score is just that, a score, based on your credit profile.
What I mean by not count things, is if you have a 3 year old collection, it is still scored as a collection but the manual reviewer can say they don't care about it because it is older.
Absolutely, it helps to have a person that has commonsense looking at it sometimes vs just a computer generated score.