With money on the line, you might assume that the credit reporting system would fix the problem in reality, it is the opposite speed and volume.
Errors in credit reports continue, consumers and their lawyers say, making them wonder if the reporting companies view the penalties they pay.
No, you have to ask—and pay—to look at your credit score yet that the more i learn about this matter of credit scoring the more i see that it is a flawed system.
Credit rating agencies (cras) (namely the tree major ones: fitch ratings, moody's mark zandi, an economist at moody's, noted in a report on us macro but how could cras not foresee the crisis and the flaws of their valuation models evolved into an issuer-initiated ratings system where the issuers of securities.
See also essays from margaret miller, ed, credit reporting systems and the impact rates or they suffered from seriously flawed.
Three private credit reporting agencies (cras) — experian, this can be for a credit card, an auto loan, a mortgage, this flaw will be explored at greater length in section 43. That credit scoring and reporting is an opaque and flawed system isn't a new revelation but recent news that two of the three major.