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Thread: Why is there no insider data on how CC app on the net?
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Old Nov 11, 2013 | 5:35 pm
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kebosabi
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Originally Posted by Rommie2k6
It just occurred to me today, FT is a big community. Then, there is also CreditBoards.com who specialize in credit repair. With 2 big communities dedicated to the art of CC application, why is it that there is no insider data floating around on the net?

By insider data, I am referring to stuff like the following that would be very helpful to us:
1) Algorithm that each bank uses to determine your total credit line
2) Algorithm that each bank uses to determine auto-approval
Because it's confidential?

Some guy working at Bank A: "oh hey, I'm gonna go Snowden on my bank's algorithms and putting up on the internetz LOL LOL"

Bank B, C, D, E, F....: "Thanks sucker! Now we know how Bank A's credit approval algorithm works for us to use. Now we'll use it against you to steal more of your customers away from Bank A mwahahahaha!"

Bank A to the idiot employee that spilled out the beans: "You're fired."
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