Replies to Msg. #1011621
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 Msg. #  Subject Posted by    Board    Date   
32338 Re: What could go wrong??? Ford To Abandon "Traditional Credit Scores" For Underwriting Decisions As Sales Stall
   ...loaning money to people who can't or won't pay it back and then run...
ribit   POPE IV   27 Aug 2017
10:44 PM
32334 Re: What could go wrong??? Ford To Abandon "Traditional Credit Scores" For Underwriting Decisions As Sales Stall
   [b]loan officers approve every potential car buyer that walks through...
nacl01   POPE IV   27 Aug 2017
8:11 PM

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What could go wrong??? Ford To Abandon "Traditional Credit Scores" For Underwriting Decisions As Sales Stall

By: capt_nemo in POPE IV
Sun, 27 Aug 17 10:27 AM
Msg. 32322 of 47202
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So, what do you do when your sales are stalling because you've already financed new cars for every man, woman and child with a credit score north of 500? Well, you simply abandon credit scores in the underwriting process and instead explicitly mandate that your loan officers approve every potential car buyer that walks through the door with a pulse.


http://www.zerohedge.com/news/2017-08-25/ford-credit-abandon-traditional-credit-scores-sales-stall-and-subprime-delinquencies




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