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Posts: 11,916
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I doubt it seriously; pre-approvals are based on what's in one's credit reports and the address on them is often out of date.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.

 

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