Credit line & approval

Discussion in 'Credit Talk' started by fun4u2, Jul 17, 2004.

  1. fun4u2

    fun4u2 Well-Known Member

    was wondering is there any particular method that creditors use when they process a consumers credit application to determine how much the credit line should be?
     
  2. jam237

    jam237 Well-Known Member

    Other than the throw the dart at the dartboard method?

    For score based approval processes, its probably something along the lines of scores between x and y get a $z credit limit.
     
  3. goldhummin

    goldhummin Well-Known Member

    It's a mystery. The formula is very similiar to the random number generator called "FICO".
     

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