Reply #11: Please point to stats on those correlations.

[Gormy Cuss]

I suspect that most are pretty weak. I realize that is in part your point, but until there are published independent studies showing strong correlations it's no better than reading tea leaves.


The only proper use of a credit score, FICO or otherwise, is to provide information about past credit behavior. It's even a stretch to use credit scores as predictors of future credit behavior.


In most well researched news stories there's a quote like this:

Michele Bodda, vice president of prospecting and acquisitions for the credit bureau Experian, said she's unaware of any Experian studies showing a link between job performance and credit history. She said some other companies might have conducted studies...

http://www.greenwichtime.com/local/article/Bad-credit-cutting-into-job-hopes-406520.php



IOW, even the credit bureaus won't say there is a correlation but they sure do love to sell those credit reports.