Jan 31
Here is a good article by Jeremy Simon at creditcards.com about a new Bankruptcy Risk Score computed by Fair Issac and designed to help a lender "sharpen" its risk assessment. I am interested in this. Some people cannot file bankruptcy irrespective of the financial mess they are in. That should be reflected in the credit decision. 1. Home equity. In the late 90s and the first few years of this century, many, many people wanted to file bankruptcy and get credit card relief but could no
