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INSIGHT: Credit Scores Fail in Accuracy, Unjustly Impact Minorities
Free Newsletter Sign Up Login Log in to access all of your BLAW products Single Sign-On Free Newsletter Sign Up Photo by Olivier Douliery/AFP via Getty Images Our current credit system is unreliable during economic volatility and inequitable amid important demands for racial justice, says former BigLaw attorney Jason Gross, now CEO of Petal. It’s time to end our reliance on credit scores and use “cash scores” to more holistically evaluate an applicant’s financial picture, including income, savings, and bill payments, for a more inclusive assessment of creditworthiness.Two powerful and...…Free Newsletter Sign Up Login Log in to access all of your BLAW products Single Sign-On Free Newsletter Sign Up Photo by Olivier Douliery/AFP via Getty Images Our current credit system is unreliable during economic volatility and inequitable amid important demands for racial justice, says former BigLaw attorney Jason Gross, now CEO of Petal. It’s time to end our reliance on credit scores and use “cash scores” to more holistically evaluate an applicant’s financial picture, including income, savings, and bill payments, for a more inclusive assessment of creditworthiness.Two powerful and...WW…
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