See The Credit Scoring Site, a USA TODAY Hot Site

Posted by Greg Fisher, creditscoring.com on October 09, 1998 at 19:25:07:

In Reply to: Credit posted by Dawnyell on October 02, 1998 at 09:22:17:

It started with a simple question: 'what's my credit score?' It turned into a 12-month dogfight with the credit bureaus, and a study of their practices and the law-- consumers have no right to know the scores based on their credit reports. Even in the case of a person with perfect credit, their score could be lowered even because, among other things that may seem innocent, they have too many-- or too few-- credit cards. And, so far there's no answer to the other question: 'what's the right number of cards to have in my wallet?' This isn't just a topic for deadbeats-- increasingly, lenders are using credit scores to determine rates and points.

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: It started with a simple question: 'what's my credit score?' It turned into a 12-month dogfight with the credit bureaus, and a study of their practices and the law-- consumers have no right to know the scores based on their credit reports.  Even in the case of a person with perfect credit, their score could be lowered even because, among other things that may seem innocent, they have too many-- or too few-- credit cards.  And, so far there's no answer to the other question: 'what's the right number of cards to have in my wallet?'  This isn't just a topic for deadbeats-- increasingly, lenders are using credit scores to determine rates and points.


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