The use of consumers credit reports these days is out of control. They are using your credit report for everything you can imagine that involves money.
- Banks (just to open a savings account!!!)
- Libraries
- Employers
- Now…Doctors and Hospitals
I read this article in the paper yesterday about this man who had a good job (employer unknown) paying $220,000 a year…that’s pretty decent. Recently he financed a house and car. Then opened an American Express credit card. He had good credit…you have to, to have an AMEX card.
When his employer of 25 years ran a credit check they found the house, car, and credit card.
They let him go due to a consumer report that revealed his debt exceeds his income.
WTF!!! He was making his payments on time with money to spare. He was doing fine!!!
I recently had a problem with employment. I applied for a job at a local credit union as an administrative assistant (not even handling money…In a spearate building from money…
I was denied the job because I was late two payments on my $1,200 financed TV 8 months ago…every payment has been on time since.
Opinions on using consumer reports for everything?
Tim
Stacy
u missed insurance both home and auto, they also pull credit reports, and decide if they r going to work with u,. me i think its A GREAT IDEA AND A LONG TIME COMING,