Comments on: My Tough Love Campaign Against Credit Score Obsession (Part 2) http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/ The Hard Truth about Money and Personal Finance Fri, 24 Feb 2012 15:57:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sandra http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-4436 sandra Wed, 20 May 2009 16:03:02 +0000 http://toughmoneylove.com/?p=39#comment-4436 I moved to the USA 5 years ago, my husband is a New Yorker. I feel that America is obsessed with credit scores. I had never had to divulge as much personal info in my life anywhere to buy services. No credit score, no phone, internet, tv, bank account, anything. I lived on my own for a couple of years before we got married and I couldn't get a phone hooked up because I had no credit score. I had to get it done in my husband's name, which really is dragging back fifty years ago. I've live in other wealthy successful countries and never seen such an obsession. That, social security numbers and id theft, I don't claim to understand why, maybe it's valid but I don't know I moved to the USA 5 years ago, my husband is a New Yorker. I feel that America is obsessed with credit scores. I had never had to divulge as much personal info in my life anywhere to buy services. No credit score, no phone, internet, tv, bank account, anything. I lived on my own for a couple of years before we got married and I couldn’t get a phone hooked up because I had no credit score. I had to get it done in my husband’s name, which really is dragging back fifty years ago. I’ve live in other wealthy successful countries and never seen such an obsession. That, social security numbers and id theft, I don’t claim to understand why, maybe it’s valid but I don’t know

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-3258 Mr. ToughMoneyLove Wed, 25 Mar 2009 03:42:51 +0000 http://toughmoneylove.com/?p=39#comment-3258 Don: Thanks for supporting my revolution against FICO. Someone needs to stop that train before it completely leaves the tracks. Don: Thanks for supporting my revolution against FICO. Someone needs to stop that train before it completely leaves the tracks.

]]> By: Don http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-3213 Don Tue, 24 Mar 2009 07:02:26 +0000 http://toughmoneylove.com/?p=39#comment-3213 A movement should be started to amend FCRA, which specifically provides the opportunity for insurance underwriters to access and use these credit reports. As, you have so plainly stated these companies in no way extend credit to customers. If we don't stop it (or reverse it) how far will this go? This may sound paranoid, but what if grocery stores, utilities, etc. adjust prices according to each consumers credit score? A movement should be started to amend FCRA, which specifically provides the opportunity for insurance underwriters to access and use these credit reports. As, you have so plainly stated these companies in no way extend credit to customers.

If we don’t stop it (or reverse it) how far will this go? This may sound paranoid, but what if grocery stores, utilities, etc. adjust prices according to each consumers credit score?

]]> By: NtJS http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-82 NtJS Wed, 20 Aug 2008 13:47:09 +0000 http://toughmoneylove.com/?p=39#comment-82 Excellent analysis - I totally agree. I lived without a credit score for years and never had any issue... never even came up until we did something stupid, like buy a new car. "Maam, you have excellent credit, sir you don't have any." We still got the loan at 0%, and we still think it was dumb. Excellent analysis – I totally agree. I lived without a credit score for years and never had any issue… never even came up until we did something stupid, like buy a new car. “Maam, you have excellent credit, sir you don’t have any.”

We still got the loan at 0%, and we still think it was dumb.

]]> By: Carnival of Money Stories #73:Best in Show | LivingAlmostLarge http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-73 Carnival of Money Stories #73:Best in Show | LivingAlmostLarge Tue, 19 Aug 2008 13:08:03 +0000 http://toughmoneylove.com/?p=39#comment-73 [...] ToughMoneyLove explains to us why he is campaigning to end FICO scores in My Tough Love Campaign Against Credit Score Obsession (Part 2) posted at Tough Money Love » Hard Truth and Tough Love for Money Problems and Personal [...] [...] ToughMoneyLove explains to us why he is campaigning to end FICO scores in My Tough Love Campaign Against Credit Score Obsession (Part 2) posted at Tough Money Love » Hard Truth and Tough Love for Money Problems and Personal [...]

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-50 Mr. ToughMoneyLove Sat, 16 Aug 2008 16:59:42 +0000 http://toughmoneylove.com/?p=39#comment-50 LAL - Thanks for your comment. I agree that having a credit score is necessary to obtain CREDIT. I disagree with its use in other areas of life AND with consumers modifing their money behavior in a negative way for the purpose of maximizing that score. LAL – Thanks for your comment. I agree that having a credit score is necessary to obtain CREDIT. I disagree with its use in other areas of life AND with consumers modifing their money behavior in a negative way for the purpose of maximizing that score.

]]> By: LAL http://toughmoneylove.com/2008/08/14/my-campaign-against-credit-score-obsession-part-2/comment-page-1/#comment-49 LAL Sat, 16 Aug 2008 16:52:39 +0000 http://toughmoneylove.com/?p=39#comment-49 I think it's a better idea than not having it. Plus my DH arrived in this country with no score, it was very difficult to live without any credit score. I think it’s a better idea than not having it. Plus my DH arrived in this country with no score, it was very difficult to live without any credit score.

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