This is what I mean…. excerpt from TV comedy sketch series “Little Britain” with dim ugly bank clerk Carol played by a six-foot-two inch bloke in drag.
http://www.youtube.com/watch?v=Hmr6Ius17ag
Credit referencing in this country can be aggravating… move into a house where a defaulter previously lived, apply for credit, it will flag the address and refuse you even though your own credit rating may be spotless. These situations can be worked out, but it takes time and aggravation.
As with Carol and the computer, it has been said that we have surrendered too many judgements that should be made by human beings to the machines. The result being often ludicrous credit decisions.
If you’re in Flo’s position, being married to and living at the same address as a guy like Andy, who must in his fifty or so years have made himself a sub-prime risk, would be counted against her.
They also, most probably, live in a low-rent part of town, a council estate (housing project to Americans) or a district down on its luck.
Credit referencing is often carried out on the basis of your postcode. (zip code?) The logic being that if you are able to live in the best part of town you are clearly affluent and a safe credit risk. Therefore people in high-status postcode areas are offered more and better credit - those in housing projects are often written off right from the start or offered sub-prime terms. This is stupid: I lived in a very good part of town by pure fluky luck. I was still poor, but paying next to no rent to look after a friend’s house while he was overseas. Purely on the basis of the postcode I was swamped with high-end credit offers.
This is really stupid, as I do not think zip codes/postcodes were devised to act as indicators of income and financial worth - yet the British system uses them as identifiers!
This is what I mean…. excerpt from TV comedy sketch series “Little Britain” with dim ugly bank clerk Carol played by a six-foot-two inch bloke in drag.
http://www.youtube.com/watch?v=Hmr6Ius17ag
Credit referencing in this country can be aggravating… move into a house where a defaulter previously lived, apply for credit, it will flag the address and refuse you even though your own credit rating may be spotless. These situations can be worked out, but it takes time and aggravation.
As with Carol and the computer, it has been said that we have surrendered too many judgements that should be made by human beings to the machines. The result being often ludicrous credit decisions.
If you’re in Flo’s position, being married to and living at the same address as a guy like Andy, who must in his fifty or so years have made himself a sub-prime risk, would be counted against her.
They also, most probably, live in a low-rent part of town, a council estate (housing project to Americans) or a district down on its luck.
Credit referencing is often carried out on the basis of your postcode. (zip code?) The logic being that if you are able to live in the best part of town you are clearly affluent and a safe credit risk. Therefore people in high-status postcode areas are offered more and better credit - those in housing projects are often written off right from the start or offered sub-prime terms. This is stupid: I lived in a very good part of town by pure fluky luck. I was still poor, but paying next to no rent to look after a friend’s house while he was overseas. Purely on the basis of the postcode I was swamped with high-end credit offers.
This is really stupid, as I do not think zip codes/postcodes were devised to act as indicators of income and financial worth - yet the British system uses them as identifiers!
No wonder the bloody banks caused a recession…