09-16-2009, 10:48 PM
I've never heard of it either and think it's odd. That's why my initial reaction is that it's some sort of scam to cull potential customers, disguise a cosignee or help with future repoing.
Even though there might be a correlation between poor credit and other things, I don't mean to imply that everyone who has bad credit is a bad tenant, bad employee or bad person in any way. It's just when you have the luxury of choosing between someone with good credit and someone with poor or no credit, it's hard not to choose the one with good, long established credit history when that is the only thing you have to differentiate the two.
Even though there might be a correlation between poor credit and other things, I don't mean to imply that everyone who has bad credit is a bad tenant, bad employee or bad person in any way. It's just when you have the luxury of choosing between someone with good credit and someone with poor or no credit, it's hard not to choose the one with good, long established credit history when that is the only thing you have to differentiate the two.