[dragonwriter]

> Why then do we not take income into account in credit worthiness?

We...do. Any significant credit application will look at your employment history, income, and credit score, not just the latter.

> Why do I not periodically upload my W2 or tax return to the credit bureaus in order to show that yes, I'm credit-worthy because my income makes it possible to service my debt?

Credit reporting companies do gather and provide pay data. As fir other data, they don't gather it directly from the people about whom they keep files.

> The entire idea of a credit score based on having had credit and paying past loans off is asinine

No, its not. While past performance isn't a guarantee of future results, it is useful as a guide. And it isn't the only factor considered in most loans.

[archildress]

In reply to your first point, the original article discusses credit score, which does not use income in any way. You're talking about applying for loans, which use a credit score and other factors to determine credit worthiness. My points are relevant to the credit score only.

Consider the fact that conflating credit score to credit worthiness (respectfully, as your reply does) as the biggest indicator of the brokenness.

[dragonwriter]

> Consider the fact that conflating credit score to credit worthiness (respectfully, as your reply does)

No, it doesn't. My reply was to a question that did that, and explicitly corrected it, identifying other factors considered in creditworthiness besides credit score.

[archildress]

Again, my original comment is merely a criticism of credit score and not the entire consumer lending infrastructure. Three credit bureaus purport to have a comprehensive opinion of someone's credit worthiness without considering their income and that's broken, full-stop.

[dragonwriter]

> Again, my original comment is merely a criticism of credit score and not the entire consumer lending infrastructure

Then why did it explicitly say that income was not considered in creditworthiness? The conflation of that with credit score was from this line in your comment: “Why then do we not take income into account in credit worthiness?” My response was directed at the error in the explicit premise of this question.

> Three credit bureaus purport to have a comprehensive opinion of someone's credit worthiness

No, they don't, which is why they also gather and provide, as separate products, payroll data and other data, and even credit decision platforms that incorporate income and other data. Credit score is a single product with a more limited function (both as advertised and as used by customers) than you are representing.

[sgerenser]

Exactly, a credit score is supposed to correlate with someone’s willingness to repay debts. Income is used to determine someone’s ability to repay. Almost all lending decisions evaluate both.

[b112]

The purpose of a credit score, is to show past payment history.

Current income, W2, working or not, all of this is a second factor, separately determined by the lender.

Web browsing habits are odd in either category.

[oauea]

> As fir other data, they don't gather it directly from the people about whom they keep files.

Sounds unethical.