Colorado Senator Mark Udall is working on a bill which proposes free access by consumers to their own credit scores. This is great news, and we ask our readers to support it.
Regardless of your political persuasions, it is clear that the financial services industry is increasingly using consumer data to create a variety of profiles and new financial products, many of which are simply designed to assist businesses and commerce to raise the cost of living for everyone. Some of the newest and most creative scoring profiles lack relevance, and are only being used by certain industries to increase their profit margins. These credit scoring products are used to prey on those who are the least financially well off.
Please let Mr Udall know that you support his efforts to legislate FREE ACCESS to credit scores.
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