Forward to the
future! Will there come a time when credit scores will
determine how much each person pays for groceries, gasoline,
clothing, and entertainment? Will there come a time when
people with credit scores under 720 won't be allowed to move
into certain neighborhoods? Will there come a time when we all
have to show cards that display our credit scores to get into
restaurants, theaters, and sporting events? {You can't go
to the Superbowl because you're a 620.} Or, instead of
cards, will it be some kind of mandatory skin
implant.......?
A bit paranoid, you
say? Maybe not. Twenty years ago no one would have ever
thought that a person with a perfect driving record and no
claims would have to buy high risk auto insurance. If
consumers continue to be apathetic about the inappropriate use
of credit scoring, the cards and implants mentioned above may
very well be as commonplace as cars in the not too distant
future.
So, we all need to
ask ourselves the following question: How far will we let
inappropriate uses of credit scoring go before we do something
about
it?
