topic Re: Secret credit score in Credit in the News

Secret credit score

nmorton79 — Fri, 27 Feb 2009 02:14:47 GMT

Here's the link to an article that I just read on msn money about "secret" credit scores and how we should get our lawmakers to make it so that we as consumers get the rights we deserve when it comes to our credit.

http://articles.moneycentral.msn.com/SavingandDebt/ConsumerActionGuide/tell-congress-no-more-secret-scores.aspx

Re: Secret credit score

MattH — Fri, 27 Feb 2009 03:18:58 GMT

@nmorton79 wrote:
Here's the link to an article that I just read on msn money about "secret" credit scores and how we should get our lawmakers to make it so that we as consumers get the rights we deserve when it comes to our credit.

http://articles.moneycentral.msn.com/SavingandDebt/ConsumerActionGuide/tell-congress-no-more-secret-scores.aspx

I agree!

Re: Secret credit score

valley_man0505 — Fri, 27 Feb 2009 14:31:50 GMT

Good article. Not only should we have a right to see the scores, but I have long believed that we should have the right to know the minimum score requirement before applying for any credit account or loan. Why waste and inquiry on something when you could have determined for your yourself before you even applied that you will not meet the score requirements. This would also save money for the creditors since they would not have to weed through as many applications. If creditors/lenders are not going to be up-front about their minimum score requirements, then we should not be punished for having inquiries on our report.

Re: Secret credit score

MsKiwi — Fri, 27 Feb 2009 16:46:16 GMT

Excellent article and I agree 100%.