History of Credit Scoring Webinar

The credit scoring system that is used today has evolved a great deal since the 1960’s. One fact that remains the same is that it provides lenders with a financial profile on consumers who wish to borrow money. A lenders' biggest concern is whether or not an individual has the ability to repay the loan per the agreement. The credit scoring system establishes a percentage of risk that might be involved in repaying of that loan.

This FREE webinar will teach you what these percentages of risk are, and how to manage them most effectively.

FACT:Twenty-five percent (25%) of the credit reports contained errors serious enough to result in the denial of credit

FACT:Seventy-nine percent (79%) of the credit reports contained mistakes of some kind

FACT:Fifty-four percent (54%) of the credit reports contained personal demographic information that was misspelled, long-outdated, belonged to a stranger, or was otherwise incorrect

FACT:Thirty percent (30%) of the credit reports contained credit accounts that had been closed by the consumer but incorrectly remained listed as open

SOURCE: U.S. Public Interest Group Research; One In Four Credit Reports Contains Errors Serious Enough To Wreak Havoc For Consumers, US PIRG Press release, 06/17/04

Credit Education Resources

Credit Education Resources is dedicated to helping the credit consuming public maximize their credit worthiness by educating them on the in's and out's of the credit scoring model currently in use today as well as their rights under the Fair Credit Reporting Act.

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