Valued Contributor
Gunnar419
Posts: 1,158
Registered: ‎01-23-2013
Re: Credit Agencies Overhaul
[ Edited ]

mwcreditexp wrote:
I feel that when you apply for credit that should be a matter of private record not public.  No bank should be able to see who else you are talking to about credit nor should this affect your score.

Why do you think that one credit vendor should not know you're applying, or have recently applied, for other credit?

 

I'm no big friend of the banks and I can envision dozens of ways in which CRAs could do a better job. But that information is highly relevant to anyone you're asking to loan you money. You're asking them to put themselves at risk; they have every right to know as much as possible about your risk factors.