As reported in the Washington Post and NYTimes, the FTC recently reported to congress in a 370 page report (pdf link) that the consumer reporting agencies do a poor job of accurately reporting consumer's credit. Millions of people pay higher rates than they need to, mostly because correcting a credit report is so excruciatingly difficult. [more inside]
posted by readery on Feb 13, 2013 - 41 comments

What’s Behind Those Offers to Raise Credit Scores - You've all heard the ads, here's how those companies try to raise your credit scores. The credit industry hates it, because it works, at least for now.
posted by Argyle on Jan 19, 2008 - 47 comments

In the last few years, Fair Isaacs, along with the FTC have made considerable effort in educating us in how our credit scores are derived. But is the whole system about to change? In a somewhat quiet AP story, the three major credit bureaus, Equifax, Transunion, and Experian, announced they had agreed on a new common formula for generating your credit scores: VantageScore. [more inside]
posted by poppo on Mar 15, 2006 - 42 comments