Msg. 32338 of 47202 (This msg. is a reply to
32322 by
capt_nemo)
Jump:
...loaning money to people who can't or won't pay it back and then running to the gubmint because you is too big to fail is the way of big bidness these days.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
- - - - - The above is a reply to the following message:
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
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.
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