bistro777
Donuts-Is There Anything They Can't Do?
Premium
join:2002-02-07
Englewood, CO
| reply to pnh102
Re: Slightly OT - Credit Reports
Their reasoning, I think, is it appears you suddenly need credit lines (whether home equity, credit card) for reasons that might include job loss, illness, etc. - with the potential risk of not being able to repay, especially, any unsecured credit lines.
I agree it sucks that this impacts your status in the eyes of lenders, especially in cases where you're "rate shopping" for a loan or where credit checks are run without your explicit consent. (That the crux of the whole opt-IN v. opt-out argument in the link I posted from the Electronic Privacy Information Center.)
"I have been battling something I cannot win and I am withdrawing from the field with honor." -- - actor Roddy McDowall shortly before his death in 1998 |
