Posted On: June 6, 2007, 7:30 pm CDT

Posted By: Eistein

Unfortunately this will not correct a flawed mathematical system of X's and Y's to score credit. Why not look at the individual, very simple. How long have you been paying your bills, what are your net assets, and do you have a job, if you have any late pays why. Sound familar, sound too easy, it is and it's not very hi tech, but it would really stop all this bologna. You see it would take less time to make a loan, yes or no. Years ago it was called loan sharking to take advantage of people when they borrow money, today the banks, and credit company extort high interest from those with a low credit score. A credit score which means absolutely nothing, because we charge higher rates to people even if they have paid every dime the owe. Please do not say others deserve it because they have a higher credit score, actually many times it just means they have been fortunate not to have medical bills, divorce, or death in their family. Just run my credit either make the loan or not and charge people fairly.