You may know your credit FICO® Score and how it affects you positively or negatively.
But do you know your E-Score?
What is Propensity Scoring and what does it do? Well, let me tell you so we are crystal clear. It will not get you out of speeding tickets. What propensity scoring will do is give lenders, advertisers and marketers the ability to identify spending behaviors of different classes of consumers based on purchasing/inquiries— online and offline activities. Propensity Scoring enables companies to secretly assign an E-Score to consumers that they are unaware of.
Scoring is bad when it is used to make a decision about you that you don’t know about and doesn’t amount to traditional credit score, and therefore these scores cannot be governed by the Fair Credit Reporting Act. Could E-scores create an invisible two-tiered system?
How would employers, home loans lenders, insurance companies, payday loan companies use E-Scores?
The financial risk of commingling and why it is a bad idea to commingle business and personal funds.
When you commingle your funds, you are treating y...
June 24, 2016
I'm only human,
I bleed when I fall down, I'm only human
I crash and I break down
I'm only human
I can take so much
Cause I'm only human