“Several factors are going to go into that. Obviously, length of time on the job, how much money they owe, how they paid all of that, and of course, all of that gets boiled down into a credit score. The different credit bureaus at some point and we use those. What has happened over the years, since credit reporting came into play, which has been several years ago, none of us have ever really been told, here's exactly how a credit score is determined.”
“Credit scores are something we bankers use all the time so we understand it pretty well. If we had one consistent score that we knew would be the same across the board it would probably make life easier for us.”
