Who decided that credit scores should start at 300, and why? Is it just a nice arbitrary number? If scores just fall on a linear distribution from 300 to 850, wouldn’t it just be easier to start at zero and count up to 550? What is the benefit to starting at 300? That seems SO crazy to me.
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OP when it comes down to it many ‘scores’ are graded oddly to ‘hide’ the method behind it.
Why is the LSAT 120-180?
Why does the MCAT place 500/501 as the breaking point for the 50th percentile?
Why does an ELO ranking pick an arbitrary number as ‘new player’?
These all have one thing in common: To quite literally make sure whoever decides the ‘number’ has an ability to hide certain aspects.
OP when it comes down to it many ‘scores’ are graded oddly to ‘hide’ the method behind it.
Why is the LSAT 120-180?
Why does the MCAT place 500/501 as the breaking point for the 50th percentile?
Why does an ELO ranking pick an arbitrary number as ‘new player’?
These all have one thing in common: To quite literally make sure whoever decides the ‘number’ has an ability to hide certain aspects.
Part of the answer that I don’t see being mentioned is that by not starting at 0, they can easily have non-rating codes which can be returned with a numeric value. I think I’ve heard of this being used, but cannot find any technical specifications
Part of the answer that I don’t see being mentioned is that by not starting at 0, they can easily have non-rating codes which can be returned with a numeric value. I think I’ve heard of this being used, but cannot find any technical specifications
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