Credit scoring is a buzz word used to describe a "matrix" that is owned by 1 company; but used by ALMOST ALL banks and lenders to rate individual's credit.
The matrix is secret, & it supposedly doesn't take into account income, savings, assets, net worth or employment. There are people from the company who advise you how to raise your score. You can buy things to assist in monitoring. There are simple things that raise or lower your score that have nothing what-so-ever to do with credit worthiness; the thing the "matrix" is said to access.
This "matrix" controls most U.S. lending, causing denials and approvals of loans. We, the people, want the Obama Admin. to inquire & have the Dept. of Science and Technology, ponder the possible negative effects on our economy if the matrix is flawed
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