Credit Scores Should be Free!
Karen Blumenthal of the Wall Street Journal asks why consumers have to pay get credit scores. As important as credit scores are to consumers, they currently have to pay fees to Experian, Equifax, Trans Union or others to get their own scores. The report states this could change. In March, bills were introduced in both the House and Senate that would give consumers access to free credit scores once a year. The report points out that credit bureaus sell dozens of different credit scores, some intended only as “educational” for consumers, some generic ones for lenders and some tailored for...
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