Credit Score Industry Infighting: Greed Exposed

Full disclosure:  I detest the credit score industry.

If you are like most U.S. consumers, you have been brought up (or forced to participate) in a consumer credit system in which we are taught to worship at the altar of the almighty credit score.  This causes many of us to focus on the wrong parts of our financial life while overlooking little things like true wealth building.

The FICO oligopoly has gotten into the heads of millions of Americans. Part of this is out of necessity because the credit score slime has slowly but surely oozed out of where it began.  The score has become more than just a measure of your credit-worthiness.  All kinds of businesses use it as metric of your worthiness as a person in general.  Insurance companies, landlords, prospective employers, you name it.  It’s disturbing if you really think about it.  (Please take time to really think about it.)

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