Can the Flaws in Credit Scoring Be Fixed?

Tuesday, January 10, 2017
The Atlantic

"Consumer advocates say this system is inherently unfair: excluding and punishing the millions of Americans who pay everyday bills such as rent, phone lines, and utilities responsibly and rewarding those who show similar levels of responsibility but are wealthy enough to have mortgages or plentiful access to credit lines. Darrick Hamilton, an economist and professor at the New School agrees with Turner, 'The way scores are calculated definitely privileges individuals with capital in a different way than working-class individuals.'"

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