pineapple_pizza

I read this question and immediately started craving a diet coke lol

Right I feel like you're all missing my point, I probably didn't explain my thought process well.

The premise is that: giving out loans involves risk. To make the risk worth while, the lender needs more upside(higher rate). The more unknowns, the more risk, thus higher rates. My logic is that if lenders had more information then they would be better positioned to evaluate risk, thus borrowing could become less expensive for people that are less risky. This is due to competition between lenders for customers. On that, based on friends getting mortgages recently, it does actually feel like there is a decent amount of competition that space specifically.

I will admit that in one of the other threads someone linked to a study that proves this wrong for medical debt specifically.

Thanks for the link! Yeah it does seem like my understanding is incorrect here "CFPB’s research reveals that a medical bill on a person’s credit report is a poor predictor of whether they will repay a loan,"

My argument is a purely logic based one. Lenders make money by giving out loans, so it's against their interest to deny loans to people which are capable of repaying them.

So the finding is a bit surprising, but willing to admit I'm wrong here :)

I'm sure if they could get that info it would be on there. Seems like it would be useful for loan decisions.

It SLAMMED

Garmin would work and isn't iOS or Android based

For me, this wasn't too hard. Cheese on the other hand..that will be a challenge

You don't really have a choice

Yeah until one of them wins