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credit scoring

  •  Fri, Aug 25 2006, 1:09 AM

    credit scoring

    I just found out today that whilst online looking for new bank account I was being credit scored for acceptance.

    what this means is even though i may not want any credit with my account they are still vetting me with a credit check therefore placing footprints allover the place.
    I see this way:
    the banks seem to be using this system to look for the most profitable customers and in there choosey way are descriminating against those less fortunate. buy doing these credit checks they are also recking peoples credit scores buy placing foot prints all over it.

    for heavens sake since when should you have to have credit scores to open a bank account its pathetic. why dont they give you the account and they can allways do a credit check or refuse when you apply for finance using there facility's.

    so beware if you make several applications whilste pondering the best bank be sure wether before you have even decided that you want the account that they are not credit scoring you.

    I think there is definately a smell of descrimination here and there should be more ristrictions not just on banks but other institutions from doing this.
    • Post Points: 20
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