@sj If you were to design a system to favor those who will generate profit, would you pick those metrics? I think I would add things like:
- Average length of debt holding ("Our research shows that people who hold debt for a long time and pay it off slowly can be depended on to do so for new loans and are therefore less risky"). Note that this would have to be different than the current metric of "Length of Credit History", since the current metric includes non-debt accounts like utility bills.
- Use of high-interest debt ("Consumers that demonstrate the skill to leverage high-interest debt when needed are more likely to be trustworthy with new debt")
I know somebody that had perfect credit (850) where their only debt-based accounts were a mortgage and a credit card that they paid off monthly, so 🤔