Re: What you should know about the Dodd-Frank Act
09-25-2011 01:03 AM
Anything such as a SCORE that affects whether or not we will be granted credit, or at what rate, should MOST DEFINITELY be given access to us free of charge. A lot of lenders don't even look at your actual credit history any more, they only look at your credit score before determining whether or not if they will even consider granting you credit. Also, insurance rates are based on your credit score. This number affects more aspects of your life than some people realize, therefore we should have unlimited free access to it. And quite honestly, the credit scoring system is EXTREMELY flawed.