CUNA provides credit score advice in IndiaPost.com
MADISON, Wis. (7/24/08)--The Credit Union National Association's (CUNA's) expertise has drifted overseas, with a website in India picking up CUNA's advice about credit scores.
The report Wednesday in IndiaPost.com talked about what credit score numbers mean and the misconceptions surrounding credit scores.
"More nontraditional types of entities are using credit scores," Jan Garkey, editor with CUNA's center for personal finance, said in the article.
While credit ratings and credit scores take on more meaning and importance in everyday life, so do the misunderstandings and misconceptions that surround them, the article said.
There's more than one type of credit score, said Garkey. "There are a lot of different scoring models out there," and different creditors add to the confusion by looking at different factors. Many larger financial institutions have their own scoring systems, as do credit bureaus, she said.
The article also quoted staff from Experian, a major credit bureau, and Fair Isaac Corp., which pioneered credit scoring and introduced FICO scores.
More CU/System
News Now LiveWire
- John Bell, an employee of NC Community FCU, has announced his candidacy for the NC House of Representatives. - 2 days ago
- The Pennsylvania Credit Union Foundation announced Friday it has--since its inception--topped the $2 million milestone for awarding grants. - 2 days ago
- CFPB recommends 5 ways taxpayers can keep more of their tax refunds: http://t.co/wUxK7CLd - 3 days ago
- CUNA CEO Bill Cheney promoted consumer access to CUs during an appearance on the Willis Report on Fox Business News Wednesday. - 3 days ago
- NCUA will consider a merger request, and supervisory activities, at its Feb. 16 closed bd mtng. NCUA will not hold an open mtng this month - 3 days ago
- See all our Tweets and sign up; News Now LiveWire on Twitter
