No. of Recommendations: 0
folks on the high end of that curve are getting a smack they don't deserve.

Perhaps we'll have to agree to disagree, but I'd argue that they do deserve it. If you're engaging in behavior that decades of historical data shows as correlating with a slight risk, then the system is perfectly justified in treating you as a slight risk. Why are you (the royal "you", not you personally Milligram) special?

It's like how everybody thinks they're a better-than-average driver. Well, that simply can't be true for everyone. Sure, you (royal "you") know that your finances are perfectly responsible and stable. You'd never default, right? Well, some small percentage of folks in similar situations as yours do default - and you never know what might come up to make you the representative of that small percentage.

I hasten to add that the hit from a single hard inquiry on a FICO score is minimal - rarely more than 5 points and almost never 10. Inquiries can't wreck a good score - your personal credit history is a far more reliable indicator than accumulated historical data. But the latter can't be entirely disregarded, and the FICO system knows that.

- Erik
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