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7

Safe? No. Your 'authorized user' can simply call the credit card company and say he never got the card. They will ask him some personal data for verification (but obviously, he knows his name, address, and SSN), and he can change the delivery address and get a new card mailed, or write down the credit card number and use it online. Then he racks up the ...


4

Unfortunately, the hard-truth answer to your question is it depends because different issuing banks can have slightly different policies for reporting data to the credit bureaus. So, if you want the literal answer for a specific bank, you should call them and ask. However, in a general sense, the process of submitting data to credit bureaus isn't inherently ...


2

which of the following is a better estimate of my credit card utilization ratio: 0% This one: the credit scoring companies only know what the banks tell them, and -- in my experience -- they only after a billing cycle. Thus, if your balance is $0 on the statement date, that's what they tell the credit bureaus. Two of my own recent observations: 1 - ...


1

I just came across a recent paper that discusses the US car insurance practices: Kiviat: The Moral Limits of Predictive Practices: The Case of Credit-Based Insurance Scores, American Sociological Review, 84(6), 1134–1158 Abstract Corporations gather massive amounts of personal data to predict how individuals will behave so that they can profitably price ...


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