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
Credit Scores are a joke. They are unfair very biased and ridiculous. As far as mortgages go they cheat the consumer who has good credit if his score isnt high enough. I have never paid a bill late in my life and my score isnt high enough to get the best rates!! Why? Because some stupid theory that says I have a higher risk of non payment says I should be charged more. 10 years ago I would get the lowest rates and now I am penalized. What a rip off!