topic Re: Perfect Example and Banks and stupid credit scores sent out in Credit Cards

Perfect Example and Banks and stupid credit scores sent out

Creditaddict — Tue, 09 Sep 2014 01:30:37 GMT

I always get so mad that the credit law making banks send out credit scores to try to help consumers understand fell short when it didn't require the same scoring even within the SAME BANK!

My denial letter today for Overstock.com from Comenity was EQ and a scoring of 479-898

my friend applied same day and received his letter today and it's on an EQ report also but a scoring system with 200's in it!

WTH!!!

Re: Perfect Example and Banks and stupid credit scores sent out

ray8806 — Tue, 09 Sep 2014 01:35:05 GMT

I totally understand what you're talking about. It's ridiculous. They need just one credit score. That's it

Re: Perfect Example and Banks and stupid credit scores sent out

FinStar — Tue, 09 Sep 2014 01:42:21 GMT

Well, don't blame the banks so much. Consumers wanted more transparency when it came to elegibility, pricing and scores. Votes turned into elected officials, legislation was passed and bingo - there you have it. Banks were pretty much like ... you want scores? Well, here you go - oh by the way, they may or may not be FICO but enjoy!

Re: Perfect Example and Banks and stupid credit scores sent out

Creditaddict — Tue, 09 Sep 2014 02:11:53 GMT

Yup