CampusRd - college credit report, credit score, credit cards and student loans 312.854.7605 / Join Our Network /
 
 

Credit Score Blog

Get the latest news and opinion pieces through our financial industry blog.
Our writers develop articles on financial matters that affect the everyday lives of all our users.
Credit score and free credit scores
Home > Credit Score > Blog > Do you think the credit bureaus should charge for credit scores? Credit score and free credit scores

Do you think the credit bureaus should charge for credit scores?

Wednesday Apr 21, 2010

Well, it may be easy to get, but now you may have to pay for it. That is, the Federal Trade Commission (FTC) is seeking public comment on charging a fee for “…credit scores under the Fair and Accurate Credit Transactions Act (FACTA) and the Fair Credit Reporting Act (FCRA).”

You know what a credit score is? It is a number used to judge the risk of giving an individual credit. It is based upon many factors including how much debt you’re in, the rate at which you’re paying back your debt, and if you have late payments etc. The reason for public comment, in my opinion, is government recognition of free enterprise with respect to the expectation of access to information for an individual to access credit in a reasonable manner. So, what do you think a proper fee would be for different agencies, like Experian, to charge for individuals to access their credit score? Keep in mind that this score is necessary for individuals to know when they are applying for a loan, a job, mortgage etc.

If you want to put in your two cents over how much is reasonable for the three major credit bureaus to charge and get more information, you can visit the FTC here:

http://www.ftc.gov/opa/2004/11/factafrn.shtm.


< Previous Next >



Comments


Be the first to add a comment by filling out the form below



Add your comments...


 
Name
 Required

Email
 Required, will not be published

Comments
  Comments are moderated and generally will be posted if they are on-topic and not abusive

Verification `s Enter #`s here


 

Featured Credit Score


Equifax ID Patrol™

Equifax ID Patrol™


myFICO®

myFICO®




Credit Score Blog


How your credit score affects getting home insurance?
Friday Feb 15, 2013

Increasing your credit score can help you with credit agencies
Thursday Nov 15, 2012

View all >



Credit Score Tweets


The people need Education, its the best way to know our rights and keep a good credit score. Watch this video:... http://t.co/OPSNC9Ay
Sunday, November 27, 2011 21:56 PM

#Atlanta: Where can I get a free credit score? http://t.co/CMoZmZFv #FREE
Sunday, November 27, 2011 21:56 PM

 

CampusRd, Credit Rating, Credit Cards, Loans, Credit Score
Call Today (312) 854-7605 
© 2014 CampusRd.com, a business unit of Uloop, Inc  
 
 
Login    
Email Address    
     
Password  (forgot password?)      
     
     
Tell a friend about this offer    
A link to this page will be sent to the
"Destination Email Address" below, in accordance
with our privacy policy and terms of use policies
Your Email Address    
       
Destination Email Address    
       
Verification #'s Enter #'s here
 
       
Forgot your password?    
Email Address