http://www.consumerismcommentary.com/fico-suing-the-credit-bureaus-over-vantagescore/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.consumerismcommentary.com/fico-suing-the-credit-bureaus-over-vantagescore/comment-page-1/#comment-261100 Lorenia Misiaszek Fri, 24 Jun 2011 16:59:50 +0000 http://www.consumerismcommentary.com/?p=7164#comment-261100 I totally agree with you. Something must be done. We should collect signatures and show the world our demands as American citizens. I totally agree with you. Something must be done. We should collect signatures and show the world our demands as American citizens.

]]> http://www.consumerismcommentary.com/fico-suing-the-credit-bureaus-over-vantagescore/comment-page-1/#comment-197130 Mark Kaplan Sat, 15 Aug 2009 22:06:07 +0000 http://www.consumerismcommentary.com/?p=7164#comment-197130 Could someone please explain to me what gives these various private 'credit-scoring' companies the right to lord over American consumers with their unfair regimes? I am of a mind to file lawsuits against each and every one of them. Could someone please explain to me what gives these various private ‘credit-scoring’ companies the right to lord over American consumers with their unfair regimes? I am of a mind to file lawsuits against each and every one of them.

]]> http://www.consumerismcommentary.com/fico-suing-the-credit-bureaus-over-vantagescore/comment-page-1/#comment-196274 Kira Wed, 29 Jul 2009 16:45:30 +0000 http://www.consumerismcommentary.com/?p=7164#comment-196274 This is a joke. Not every lender pulls your FICO score.... incase you haven't noticed, some pull an insurance score, some pull an Experian, TransUnion, etc. FICO is not worried about consumer confusion, they are worried about being the only game in town that can sell financial data to lenders. I worked for a student loan company, and we got a lot of our information from the credit bureaus, and trust me, they gauge you. True market competition should prevail in this case. Your local pizza place wouldn't have standing in court if the guy down the street claimed to have better crust than him. If people like the product better or its more competitively priced than the competition, you should be able to get whatever you want. The US workforce has been forced to re-sharpen its skills because of market forces. FICO is no different. You have to innovate, or somebody will come along and do it better than you. This is a joke. Not every lender pulls your FICO score…. incase you haven’t noticed, some pull an insurance score, some pull an Experian, TransUnion, etc. FICO is not worried about consumer confusion, they are worried about being the only game in town that can sell financial data to lenders. I worked for a student loan company, and we got a lot of our information from the credit bureaus, and trust me, they gauge you. True market competition should prevail in this case. Your local pizza place wouldn’t have standing in court if the guy down the street claimed to have better crust than him. If people like the product better or its more competitively priced than the competition, you should be able to get whatever you want.
The US workforce has been forced to re-sharpen its skills because of market forces. FICO is no different. You have to innovate, or somebody will come along and do it better than you.

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