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30 trillion in debt +/-

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Tiersha
Regular Contributor

30 trillion in debt +/-

Why are those who are 30 trillion +/- in debt giving us our credit scores?  I don't care the the CFPB oversees them.  If they are in debt they shouldn't be schooling us is my opinion.

 

Also considering these cra's are owned by Vanguard, Blackrock, buffets etc...why do they get access to our cr3dit profile via the crash?

 

Sorry isn't meant to be political but an an actual serious question.

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pizzadude
Credit Mentor

Re: 30 trillion in debt +/-


@Tiersha wrote:

Why are those who are 30 trillion +/- in debt giving us our credit scores?  I don't care the the CFPB oversees them.  If they are in debt they shouldn't be schooling us is my opinion.

 

Also considering these cra's are owned by Vanguard, Blackrock, buffets etc...why do they get access to our cr3dit profile via the crash?

 

Sorry isn't meant to be political but an an actual serious question.


Sorry, who exactly is 30 Trillion in debt ?  

 

I'll answer your question as concisely as I can ;  selling the personal information of consumers ( including credit ) to businesses is big business. 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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AndySoCal
Senior Contributor

Re: 30 trillion in debt +/-

@Tiersha  The company the produces the FICO score is called Fair Isaac Corporation The company is a publicly owned company owned by the shareholders. The reason you see Vanguard's name in relation to FICO some of the mutual funds that  Vangaurd has shares FICO stock in the mutual fund. Vanguard mutual funds/ Vanguard owned by the mutual fund shareholders. Vanguard provides all of its services at cost to the mutual funds etc.  I have been a Vanguard customer for almost 40 years.  FICO nor Vanguard does not sell credit report etc. FICO produces credit scores which the credit bureaus use.

FIC Scores XPN v8 808 V2 831 (SDFCU) TUC V 8 803 03/25 EFX Bankcard v8 822 EFX FIC0 v8 800 Vantage score 4.0 817 via JC Penney )
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