Experian and Transunion have been playing the game for some time but now Equifax has jumped into the selling of FAKE-O credit scores. They just couldn’t hold off adding this USELESS product to add to their bottom line!
Now all three of the credit reporting agencies are in the business of pushing the FAKE credit scores to the unknowing consumer who thinks they are buying their FICO scores.
Shame…Shame…Shame is all I can say.
I mean really what is the purpose in selling you a credit score that not one single lender cares about?
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Posted by Herschel Bentley on October 12th, 2010 :: Filed under
Credit Bureaus,
Credit Score,
Equifax,
Experian,
FTC,
TransunionTags ::
Credit Reporting Agencies,
credit scores,
Equifax,
Experian,
FAKE-O,
Federal Trade Commission,
FICO,
FTC,
TransUnion
It is absolutely insane the nutsy amount of credit information you can extract from the internet if you’re just surfing around!
From credit repair and credit card tidbits to just plain crazy credit facts you can find, like Crazy Credit Fact #22, Corpus Christi, Texas, residents have America’s worst credit scores! Or that if you live in Nevada you are 8 times more likely to file bankruptcy than if you live in Alaska?
These certainly are in the category of “things that make you go hmmmm”! They can make you all glossy eyed kind of like looking at Phyllis Diller. Don’t tell me you don’t know her! See the pic to the left? Uh huh..
Anyways, I found these to be both interesting as well as entertaining. I hope you enjoy…
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Posted by Herschel Bentley on September 28th, 2010 :: Filed under
Bankground ChecksTags ::
American Express,
Bankruptcy,
Chapter 13,
Chapter 7,
credit,
credit bureau,
credit card,
credit facts,
credit limit,
credit scores,
debit card,
Discover,
Fannie Mae,
Freddie Mac,
installment loans,
Mastercard,
Mortgage,
student debt,
Visa
According to the Federal Reserve the lending to small business those companies with under 50 million in annual sales is getting easier for the first time since the latter part of 2006. The big banks and financial institutions are loosening the purse strings but smaller banks are still locked down and it can be very difficult to obtain small commercial financing.
The divide between lenders and borrowers is a huge blockade to help the economy recover mostly because of the new definitions of what is considered “creditworthy”. A good creditworthy small business just a few years ago can now be considered high risk and no longer a candidate for financing that would insure or help the growth of that company.
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Posted by Herschel Bentley on August 17th, 2010 :: Filed under
Credit Repair,
Small business creditTags ::
Credit Repair,
credit scores,
Federal Reserve,
small business lending
