It's frustrating to know that you can be discriminated against based on the financial "risk" assessed by only one side of the lending equation. This score follows you around in all aspects; getting loans, your insurance risk, applying for a job, etc. A "hard time" in life can make it difficult for you for many years to come, possibly even long after you've rectified you situation. Meanwhile, if you're are one of these institutions, the more risk you take and the worse you perform, the more likely you are to "get a loan" from taxpayers. Why can't we hold the financial institutions and the government to the same standard and provide a concise, well known, well tested way for consumers to recognize the risks both are taking with their money, and how much faith to put in their practices?
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
