Clark Howard's June 19, 2001 Newsletter had the following on credit scoring.  It makes a hard subject somewhat easier to understand - and a visit to the link, http://www.FairIsaac.com will give you even more detail.  Perhaps we really are going to see a change in credit reporting.  

"What's your score?

"Your credit score determines if you qualify for a mortgage, a credit card or other loans. Your score determines your denial or acceptance of a mortgage 75% of the time. But, your score is kept very secret and recent attempts by  eLoan, an Internet mortgage sourse, to reveal those scores on-line were squashed by the three major credit bureaus and by FairIsaac - the keeper of all scores!

NOTE: This was written by Clark Howard last year - You can now get your scores from the credit bureau - Click Here

"The California General Assembly was so outraged by this that they have forced FairIsaac to distribute these scores to consumers. Moves in California government are usually copied nationwide, so we could see a national plan to distribute these important consumer scores. There is no word yet if there will be a charge to receive them, or if FairIsaac will give them out in time to prepare to get our credit reports in good order before the score is used to rate us.

"Visit the FairIsaac web site to determine what could raise or lower your personal consumer score at
http://www.FairIsaac.com."

- If you have a consumer question, check out:
http://www.clarkhoward.com/msg_boards/
or call the Consumer Action Center at (404) 892-8227

To subscribe to Clark Howard's newsletter, go to his registration page:
http://www.clarkhoward.com/newsletter_registration.html

Could it get any easier? 

Call Traci, 770)428-1392
or send an email and we'll call you