Credit Scores Hit Record High as Recession Wounds Heal - WSJ

[pipeguy]

https://www.wsj.com/articles/credit-scores-hit-record-high-as-recession-wounds-heal-1496055600

Interesting article although real life data, at least on this forum shows Comenity, GE/Sync and other lenders tightening up their exposure.

Try this link: http://archive.is/6cNID  (thank you ABCD2199 - see below)

[elim]

Even with my higher scores, they will still be average, lol.

Good read, thanks.

[Revelate]

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@pipeguy wrote:

https://www.wsj.com/articles/credit-scores-hit-record-high-as-recession-wounds-heal-1496055600

Interesting article although real life data, at least on this forum shows Comenity, GE/Sync and other lenders tightening up their exposure.

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Hrm, behind a paywall.

Can you give the basic jist including what scores they were looking at and when?  Also what the new average is?

We just had reports of C1 and Sync and others showing a higher incidence rate of defaults, and I know I see that in my Lending Club account (sigh, mistakes were made on my part haha) so I'm a little skeptical that we're seeing higher scores across the board unless the default rate is just incidental to the market as a whole which to be fair, it might be.

[Anonymous]

Try this link: http://archive.is/6cNID

[Revelate]

Thanks dude!

[pipeguy]

Heh, it was open the other day....was getting ready to PM the text to you but seems I don't need to now 

[Anonymous]

When in doubt, copy the blocked link to archive.is and paste it there and see if someone captured it before.  Works almost every time for me.

[Anonymous]

Yet credit card default rates have hit a 4-year high: http://www.investopedia.com/news/credit-card-default-rate-hits-4year-high/

[Anonymous]

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@Anonymous wrote:

Yet credit card default rates have hit a 4-year high: http://www.investopedia.com/news/credit-card-default-rate-hits-4year-high/

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Wow that article.  Look at the BS graph they show which ranges from 2.0 to 3.6 instead of ranging from 0.0 to 3.6.  Nice FUD.

There are a bunch of other indicator charts floating around out there that are showing significant CO default growth in subprime but significant CO default shrinkage in prime scores.

[Revelate]

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@Anonymous wrote:

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@Anonymous wrote:

Yet credit card default rates have hit a 4-year high: http://www.investopedia.com/news/credit-card-default-rate-hits-4year-high/

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Wow that article.  Look at the BS graph they show which ranges from 2.0 to 3.6 instead of ranging from 0.0 to 3.6.  Nice FUD.

There are a bunch of other indicator charts floating around out there that are showing significant CO default growth in subprime but significant CO default shrinkage in prime scores.

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Huh, I'm actually confused: this is the way a lot of graphs are presented both in the financial world and elsewhere, why default scale to 0 instead of some other lower bound?   I guess I'm not understanding how it makes it BS, I would've lost points in Chem Lab (I know I know not real world) if I hadn't picked appropriate scales haha.