I’ve heard many people complain bitterly about the American credit scoring system. There are many arguments for and against the system. Yesterday, I talked about the merits of the credit scoring system. Today I will give arguments against the system.
Proponents of the system will argue the credit scoring system is [...]
Entries Tagged as 'Credit Reports'
Is the Credit Scoring System Fair? A Viewpoint Which Agrees
October 27th, 2009 · No Comments · Consumer Info, Credit Reports
I’m a good debater – I can make an argument out of anything, which is one of the reason I enjoy writing. Recently, I listened to a conversation over whether or not the current credit scoring was fair to the consumer. I argued both sides successfully to the frustration of my audience. [...]
Tags: Apply Online·bad credit·Credit Reports·Credit Scores·Credit Scoring System.·fair·Good Credit·lenders·Mortgage·personal responsibility
When Having Bad Credit Isn’t Your Fault
September 29th, 2009 · No Comments · Bankruptcy, Credit Bureaus and Scores, Credit Repair, Credit Reports
Many people think that having bad credit is always someone’s fault. In today’s economic environment, foreclosures are happening right and left and the job market is the worst since 1983. As a result of this crisis, the number of people with bad credit (not just a few missed payments) is increasing. [...]
Tags: bad credit·Bankruptcy·Credit Report Errors·Credit Reports·divorce·health insurance·Identity Theft·Medical Bills·un-employment
Credit Bureaus Employ Illegal Methods to Investigate Disputes
July 23rd, 2009 · 6 Comments · Credit Bureaus and Scores, Credit Repair, Credit Reports
Once again, my favorite consumer attorney, Leonard Bennett, is taking the credit bureaus to task. He contributed to a January 2009 report to the FTC which documents the way credit bureaus investigate consumers disputes (the report was written by Chi Chi Wu). It concludes credit bureaus are breaking the law [...]
Tags: automated investigations·Congress·credit report disputes·Credit Reports·eOscar·Equifax·FCRA·FTC·Good Credit·information furnisher·investigations·Leonard Bennett
