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
The current Credit Scoring is in major disarray. Why should a utililty, insurance, or cell phone company inquiry hurt my credit score for 6 months. How can credit card companies use my credit score and then employ a universal default. In other words if my credit card companies don't like my scores they can raise my interest rates to the default rate, even though you are current with that company.