The FACT Act of 2003: Notice and Request For Public Comment On the Effects of Credit Scores and Credit-Based Insurance Scores on the Availability and Affordability of Financial Products
Yes, It is a big issue, I for one was denied many times, more than 20, for business credit and mortgage loans to start the company where the CEO had a FICO score of 563. All banks will only loan to FICO of 620 or higher. How can one start a business or grow from 0? Families are denied to have a home for the FICO score of 563.