Originally Posted by
mlad1101
Thats what your credit report is for. They can weigh their risk by looking at my length of history, lack of late payments, highest spends etc.
Your credit report is one indicator of your creditworthiness; proof of actual income is another. Go to creditboards.com or similar boards then tell me you'd lend $25,000 unsecured to someone based on their credit report.
I'll go out on a limb and guess that unwillingness to corroborate stated income is highly correlated with fraudulently misstated income; and that this in turn is highly correlated with default risk.
The credit report is just one implement in the underwriter's toolbox.