Re: LIVING IN CERTAIN STATES INCREASE ODDS 4 PRE-APPROV
11-15-2012 08:34 PM
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I doubt it seriously; pre-approvals are based on what's in one's credit reports and the address on them is often out of date.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 672, Wally TU 682, EX 680ish (1/12/14)
Goal Score: 700 in all three (01/01/15)
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