Nothing to see here, 99% of these are automated decisions made by a computer without any kind of gender code in them. People are just looking for attention and Wozniak is trying to become relevant again.
I get that Woz is Apple co-founder, was a technical wiz with the ][ and all that, but he's long morphed into the crazy old uncle who you can't take seriously half the time.
Some of these comments are very... predictable.
Please, offer your thoughts.
I'll offer mine, having been in the lending industry.
The most illuminating thing about the reaction to this story is how little people know about how credit, and the lending industry works.
That's not helped by the writer here quoting Woz, and conflating assets with credit worthiness as it pertains to credit cards, and perpetuating that falsehood.
Lenders use a variety of criteria to determine a borrower's credit worthiness.
Income is one criteria, as are assets, as well as others like employment history.
For a revolving, unsecured line of credit like a credit card, one's credit score plays a large role, as does your
stated income. Assets do not.
What most people do not comprehend is that your credit score does not take into account your gender, your assets, or your income. It is strictly a measure of one's responsible use of credit, based on your record of timely payments, how much of your credit you utilize, and other factors like defaults and bankruptcies.
I'll say it again -- your credit score has nothing to do with your income, or your assets. Do not conflate them.
Your credit score is primarily an individual score. It pertains to other individuals only when you jointly receive a line of credit with some one else, such as if you both are signatory to a mortgage, co-sign an account. That line is reported to both individual's reports.
Your credit reports are a history of all your reported credit lines and loans. How much you can borrow. How much you owe. When your last payment was. Whether you've been late. That is its scope.
Not how much you make. Not how many kids you have. Not whether you do or don't claim a gender.
Unsecured, revolving lines of credit like credit cards are usually underwritten mainly by one's credit scores, and stated income. Stated income meaning that the lender who issues the card does not independently verify that you actually make the amount your put down on the application. They are required by law to ask for that information, but your are not obligated to provide it. But if you volunteer to, it must be truthful, by law.
When talking about a secured line of credit, like a mortgage, or auto loan, the lender takes a much deeper dive.
In those cases, your assets, debts, bank accounts, investment accounts, and other factors like employment history
are part of the underwriting criteria,
in addition to your
verified income and credit score.
But that's not what this is about.
So, unlike what I've read elsewhere, the comments here thus far have been very…good.
The Feds take discrimination in the lending industry seriously. Those who work in the industry must receive training about it, and other topics like anti money laundering laws on an annual basis.
If DHH believes his spouse has been unfairly discriminated against, his best avenue is to purse it with the authorities, not through Twitter.
Edit: spelling and grammar galore.
