Moderator
Revelate
Posts: 9,754
Registered: ‎12-30-2011
Re: LIVING IN CERTAIN STATES INCREASE ODDS 4 PRE-APPROVALS?

MountainHiker wrote:

I was thinking about a question the other day in regards to the influence living in a particular state might play in credit approvals.I have noticed that certain states have a population with better credit scores compared to state X. I wonder if credit card companies look at certain data and are more aggressive and willing to extend credit to state X than to state Y? What do you think?


I doubt it seriously; pre-approvals are based on what's in one's credit reports and the address on them is often out of date.  Granted it's only a small minority of the population that leaves the state they grew up in (or even the same town) but redlining based on state really doesn't make any sense as a business practice when you have much better data in hand to go off of.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge