What's your credit score? It depends

  • Article by: LINDSAY WISE , McClatchy News Service
  • Updated: September 25, 2012 - 10:42 PM

Lenders often get a different picture, federal report says.

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gofurnuttSep. 25, 12 9:21 PM

This WHOLLLLLLLLLLLLL Credit practice is really an Invasion of Privacy..... There seems to be plenty of PHONY Safeguards, Pseudo Govt. Regulations and Mailed Literature telling You, as a Customer that one needn't worry about their Personal Information being shared with Others......YUK,YUK,YUK.... Annnd I'm Not talking about the Credit Score System In This Instance....... Soooooo Now We Have Essentially a KGB Type Secret System In the Credit Scoring Community that Rules our Lives without our Knowledge, Input or Permission Until We Need to Engage In some Financial Transaction and then We Rrrr Permitted,FOR A FEE, to Access Our Own Unauthorized Information and Credit Scores and Then Scratch our Heads as to how they were ascertained and Have Hell to pay to FIX them When Major Errors Rrrr Found....... IN Most Areas of Business Ethics This is Called Credit Blackmail or CREATIVE ACCOUNTING.....Among Other Descriptions.....

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vampress_meSep. 25, 12 9:45 PM

Credit scores are a joke. Just went thru looking at refinancing our house and on the paperwork it showed my credit score and listed the only "bad thing" as too many new loans in the past year. I panicked since the only new loan I knew about was for our car. Went online to get my credit reports thinking someone had gotten ahold of my information and went on a spree. Nope. Called the credit company, explained, and was told that one new loan automatically gets called as too many and is counted the same as if we had opened 10 new loans. Silly me thought that too many would be more than one...

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merkinSep. 25, 1210:52 PM

"Stuart Pratt, chief executive of the Consumer Data Industry Association, said his organization's members fully cooperated with the study and provided all the data to government regulators free of charge."

It damn well better be free of charge! There should be no questions that the cooperate fully with investigators. As if that should ever be an issue.

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dflpartySep. 26, 1211:00 AM

There is a simple fix. A law should be implemented that requires the "reporting agency" to send the exact same report to the person every time anyone requests information about that person. Oh, by the way, shopping for credit will lower your credit score, and doing so will likely mean higher rates because of it.

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