5 Credit Myths that Lead to Disaster

Liz Davidson wrote:

“The media and the credit reporting companies have done an excellent job promoting the notion of having a good credit score, almost too good a job because people seem to think that their credit score is the most important aspect of their financial life.”  Read more here…

This article has some great information that everyone needs to know, but I don’t think it’s the media as much as it the credit bureaus who have made the topic of credit scores such a new phenomenon.

What most people don’t know is that the so-called free credit report and scoring websites like FreeCreditReport.com and … and what’s the other one? …Oh yes, TrueCredit.com.  (and now there’s another one – CreditReport.com)

They are ALL products of the credit reporting agencies – Trans Union and Experian created to milk the American public out of more money than anyone could ever dream possible.

They are spending MILLIONS of dollars promoting these products on TV and literally everywhere on the internet because they are making an absolute killing.

It’s just one more example of how the Big 3 credit bureaus are waging war on the American Consumer and profiting off of an incredibly unfair and complex system that was created just for that purpose.

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