Super Contributor
marty56
Posts: 5,679
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.

09/12/2013 FICO: EQ: 772 EX:813 TU:752