Glockworkorange
Suspended
For sure. this stuff is all automated.
I have a feeling this discussion is going to veer into PRSI if it hasn't already.
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Regulators Looking Into Claims of Gender Discrimination in Apple Card Credit Decisions, Goldman Sachs Responds
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I have a feeling this discussion is going to veer into PRSI if it hasn't already.
Glockworkorange
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Red Oak
Suspended
I love how bankrupt, corrupt govt organizations always find time to investigate anything Apple related
Focusx0131
macrumors member
It sounds like if they “fixed” those higher limits by reducing them by a factor of ten to match their spouses they would have way more to be upset about.
mikeybycrikey
macrumors newbie
Wow, this comment section is full of experts on the financial affairs of Woz and DHH. Maybe he's jumping to conclusions, but I'm not sure that I would immediately trust GS and their algorithm either.
Pretty sure my wife didn’t indicate her gender on the app. I never applied for one so can’t compare. Honestly couldn’t tell you if gender is marked on credit reports or how GS would even know.
code-m
Suspended
I will reserve commenting on if GS is founded relating to gender discrimination as none of us here have all the facts, however trusting a financial/credit institute ::cough cough:: financial collapse of 2008, such short term memory loss, lol.
-DMN-
macrumors 6502
So is your signature lol
code-m
Suspended
Credit is granted on a FICO score, can a couple have varying scores, possible but by what margin between the two.
[automerge]1573446276[/automerge]
FICO records, you may prefer to not disclose however you may have at some point in your adult life that you may have forgotten.
BornAgainMac
macrumors 604
It should be the opposite. In the event of a divorce, the woman will get all of her money and half of his money. Plus replace with another man that has money for additional cash flow. Banks don‘t understand.
History will tell the story of how Twitter became the sentient A.I. that overthrew humanity while everyone embraced it in return for having the right to whine about something. Anything. Next come the machines. Game Over.
I see dumb people.
I see dumb people.
ikramerica
macrumors 68020
What we don’t know is how much the women got as a CL.
If Woz wife was extended $20k, and Woz $200k, there can be MANY reasons for that.
One big mistake these tech guys are making in their outrage is assuming that a computer algorithm did it. High limits go through HUMAN review, and there can be valid reasons why the creator of the Apple computer or the partner in a big corporation may be extended EXTRA CL by an underwriter.
Community property doesn’t matter. You could divorce tomorrow. Your future ability to pay is what matters.
A high credit score doesn’t mean you will get a high CL, only that you will be preapproved and get a low rate. History of balances, payments, debt to credit ratio, etc. factor in greatly to your CL.
If Woz wife was extended $20k, and Woz $200k, there can be MANY reasons for that.
One big mistake these tech guys are making in their outrage is assuming that a computer algorithm did it. High limits go through HUMAN review, and there can be valid reasons why the creator of the Apple computer or the partner in a big corporation may be extended EXTRA CL by an underwriter.
Community property doesn’t matter. You could divorce tomorrow. Your future ability to pay is what matters.
A high credit score doesn’t mean you will get a high CL, only that you will be preapproved and get a low rate. History of balances, payments, debt to credit ratio, etc. factor in greatly to your CL.
Expect more twitter rants as he seemed to get what he wanted. I’d have cancelled both their accounts probably.
TracesOfArsenic
macrumors 65816
If it ain't broke, let's make it woke.
tCdemon
macrumors regular
Think about this...majority of credit cards you can add an additional cardholder (spouse, kids, etc) and they don't run their credit...with my parents my dad is the primary account holder to all credit cards...so technically my mom isn't responsible to any of those debts, but at the same time she technically doesn't have a credit card under her own name, she doesn't have a credit history of her own...so it make sense to give her a lower credit card limit since she doesn't have any real credit history or credit cards that were open under her own ssn.
ikramerica
macrumors 68020
It’s not though.
High net worth individuals are pulled out of SKYNET and actually go to an underwriter. One who might see “Steve Wozniak” on the app and increase his limit 10x because they want him to buy every tech product on earth on his card so they can collect the 3%.
Jeez, I can't even get my application to submit, much less get a better score than my wife.
AustinIllini
macrumors G5
As with all these dumb click bait articles, getting "Apple" into the title is the first requirement. The title should have said Goldman Sachs is being looked into. But like all of Forbes attacks on Apple, nobody clicks if Apple is not in the title.
Credit is issued based on your debt to income ratio and your total debt to available balance ratio; that's why they always pull your report and ask for your income, rather than just looking at your credit score. Your credit rating factors in, but those two ratios are the primary determining factors. My wife has a better credit score than I do, but because I'm the primary breadwinner, I'm always given higher credit limits because of my debt to income ratio.
Net worth, community property, being married for years, etc... those have nothing to do with it.
And yes, I'm in the industry and have been for 18 years.
Net worth, community property, being married for years, etc... those have nothing to do with it.
And yes, I'm in the industry and have been for 18 years.
krizalidzero
macrumors newbie
"I'm a woman and didn't get the card.
3 of my male friends got it.
It has nothing to do with them making 3 times what I make, no, it is because I am a woman"
The thought of people complaining might be along those lines (except they never go as far as to mention to themselves the part where they aren't a good investment for making less or having a worse credit record).
3 of my male friends got it.
It has nothing to do with them making 3 times what I make, no, it is because I am a woman"
The thought of people complaining might be along those lines (except they never go as far as to mention to themselves the part where they aren't a good investment for making less or having a worse credit record).