Credit Scores Just One Factor In Determining Credit Worthiness
The Wall Street Journal reported in an article titled Card Issuers Get Personal to Check Credit that credit card companies are going well beyond credit scores in examining whether you should get, or keep, your line of credit. They are now looking at items as varied as what part of the region that you live in and in what industry you work. It looks to be part of the broader repricing of risk that happened in the financial markets after the subprime mortgage meltdown. But some in the article speculate that making credit tougher could accelerate credit problems for the consumer.
There’s a similar article in the New York Times, which notes the trend of credit card companies decreasing the available credit of their cardholders.
