Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
Re: Experian roles out new credit score
[ Edited ]

Revelate wrote:

marty56 wrote:

IMHO if I was a CRA I would not invest any money in this since their potential list of customers could be affected by state and local regulations.

Would you please clarify that?  Experian is a CRA, and their list of customers are banks... what state regulations govern the underwriting policies of banks with regards to which scores they pull / databases they can check?


A payday lender would have to pay to pull your credit from a CRA or a third party who provides access to a CRA.  If I ban payday lenders then the customer base goes down unless a bank or cellphone/cable company wants to work thaat that customer base.

11/28/2014 FICO: EQ: 796 EX:788 TU:803