Frequent Contributor
Posts: 360
Registered: ‎10-17-2012

I hope banks in the future could use some machine to test risk.

Now banks have to judge how much risk you are based on your previous credit history and also TIME. So I have to wait another six months to start a new shopping spree because banks don't know how I will deal with the new credit.


Though I am 100% sure I will never exploit it because I know myslef well and I always make sure I have enough cash in hand before I use the CC, the bank doesn't know this. I hope in the futuere when the technology is advance enough, the bank could just use a machine to test my personality and infer my reliability.  So I don't need to wait that long and can get all the cards I want.:smileyhappy:



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Frequent Contributor
Posts: 371
Registered: ‎12-30-2012

Re: I hope banks in the future could use some machine to test risk.

I think the machine would need something like a credit report to base its decisions on. Just cause you have cash on hand, which is great, does not show your willingness to pay and pay on time. 

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