Experian
Credit Scoring - The Ultimate in Consumer Fraud ripoff for the banks to get more money out of consumers predatory lending practices are rampant

Credit scores provided on-line? Sure. Accuracy?

I have been an Experian Credit Expert customer for over four years. I had some financial difficulty early in life and carefully monitored my credit score for a break above 700 so that I could get some decent, non-predatory loan products. My score finally peaked 700 on all three bureaus last month.

I apply for a loan at Wells Fargo Financial (see rip offs on Wells Fargo Financial and never do business with these rip-off artists).

They tell me that Experian supplied them a 652 credit score.

It turns out that every lender has their own credit scoring 'module' at Experian. They alter the score based on data from your Experian credit file but may choose to opt out factors that would benefit the consumer. Obviously, this is intended to downgrade a consumer's rating and set them up for the ripoff.

It turns out that there have been reported variances as high as 120 points as reported by an internal Experian source.

It turns out that lenders manufacture the credit score now - a complete departure from the impartiality that the credit bureaus used to have.

This is consumer fraud people.

I have filed formal complaints to the California Attorney Generals Office, the FTC, The California Consumer Affairs board and Fair, Isaac & Company (FICO) regarding this absurd change of events. Lenders in charge of credit scoring? What protection does the average consumer have these days? It's no wonder predatory lending practices are rampant.

I am currently seeking legal council on grounds of consumer fraud both against Experian and against Wells Fargo Financial and I am going to make this a very, very public matter...

Company: Experian
Country: USA
State: Texas
City: Allen
Site: www.experian.com

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