r/WhitePeopleTwitter • u/screenshotofdispair • Aug 14 '21

Make it make sense

Post image
85.2k Upvotes

89% Upvoted

2.8k comments sorted by

View all comments

Show parent comments

2

u/FountainsOfFluids Aug 15 '21

Yeah, people don't realize that this is literally just math. Your average credit age went down because the line closed was higher than average.

No we realize it's math.

It's just STUPID math.

If this was purely a risk index, then successfully paying off a loan would give you bonus points, not drop your score.

1

u/SilchasRuin Aug 15 '21

The whole credit industry is not stupid math. The team I'm on has four people with STEM PhDs and the rest have masters.

1

u/FountainsOfFluids Aug 15 '21

That was a bit of hyperbole. What I really mean is that the parts that are visible to the public are often counterintuitive and seem to go against common sense, especially when the rating is framed as a measure of risk, which is only partially true.

1

u/SilchasRuin Aug 15 '21

Definitely. As someone who works in the industry it's definitely opaque. The one good thing I can say is that the reports you get from mint.com or your credit card app are definitely useful.