The Credit Score System

April 14th, 2011 by admin

Credit scores ranging from 350 to 850. I do not believe that the credit scoring system is fair. There are people that have always had good credit scores, good jobs, and have always done the right thing, then they lose thir job and their credit and the score plummets. Now they have a new job and wish to purchase an item, they could be rejected because of their credit score, even if they show proof that the reason they went behind had to do with the loss of job. I believe that Lenders should take into consideration the whole picture and not just a “piece of the pie.”

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