It is a simple fact of life that credit scores control so much of what Alabama consumers can do in terms of obtaining financing for houses or businesses and even employment. These scores are based on the information in your credit reports. This is why it is so critical to look at your credit reports to make sure they are accurate. We discussed this in an earlier post. Regarding the change in FICO scoring, please look at this video of a FOX news interview of Ben Popken of the Consumerist which discusses this change. An interesting interview and we always recommend checking out the Consumerist which is full of good information that can help consumers.
Another resource for you is to join our Facebook Fan Page – Alabama Consumer Protection Attorneys where we share useful information about the same types of issues that we cover in this blog.