Timeline for Am I less likely to get approved for credit during the COVID-19 pandemic?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 29, 2020 at 12:37 | comment | added | chepner | "They're also earning less". That's true in the aggregate, but credit is approved for individuals, not populations. If your income isn't down (significantly), I don't think it matters if others are unemployed. (If anything, that might help you, as credit card issuers want somebody to issue credit to. They don't make money off people not using credit.) | |
| Oct 29, 2020 at 12:29 | answer | added | Venkataraman R | timeline score: 0 | |
| Oct 29, 2020 at 11:54 | answer | added | kjmac | timeline score: 0 | |
| Mar 27, 2020 at 8:08 | answer | added | chrispriiice | timeline score: 1 | |
| Mar 27, 2020 at 1:19 | comment | added | TheEnvironmentalist | @PeteB. The fact that the process is automated is precisely the point. Credit card companies spend more on risk management than some countries, and it's easy to imagine that a credit card company would link their risk estimation systems to their credit decision algorithms | |
| Mar 26, 2020 at 10:16 | comment | added | Pete B. | Given that most of this is automated, you can probably apply and get credit without issue. I would disagree that people are spending less, and some people are actually earning more. | |
| Mar 26, 2020 at 3:25 | history | asked | TheEnvironmentalist | CC BY-SA 4.0 |