Posted by Jeff S. on January 11, 2001 at 09:27:46:
Credit Scores, a Secret no more?. - Posted by Ed Garcia
Posted by Ed Garcia on January 09, 2001 at 09:33:00:
Credit Scores, a Secret no more?.
Credit Scores will no longer be kept from the consumer. I’m happy to tell you that, Credit bureaus are preparing to remove the secrecy over credit scores, the three-digit numbers that help lenders decide whether to lend money and at what interest rate.
The change was initiated in California. California stepped in with a law requiring credit bureaus to give out the scores to state residents applying for credit by July 1, 2001. Members of the U.S. Congress started talking about mandating a similar law nationwide. At least two credit bureaus – Equifax and Trans Union - are expected to provide credit scores to consumers beginning in the first half of 2001.
I’ve always felt that a borrower is entitled to know their credit score because it effects their borrowing power, and costs.
Re: Credit Scores, a Secret no more?. - Posted by Marcella Van Pelt
Posted by Marcella Van Pelt on March 16, 2001 at 21:11:21:
I would like to find out my credit score.
Re: Credit Scores, a Secret no more?. - Posted by Kelly
Posted by Kelly on January 09, 2001 at 10:13:45:
Thank you, Ed, for this information, it never made any sense that we couldn’t know our scores. I find that the more I know the easier it is to negotiate. Thanks.