Wednesday, July 01, 2009

Where you shop affects your credit score -- really?


AOL Walletpop offers an article on how what you buy could affect your credit score. Companies are treating purchases made at second-hand stores or at pawn shops as indicative of poor credit risk, even though there are supposed to be regulations prohibiting the practice.

I think that the title of the article “What you buy affects your credit” and the picture of a generic dishwasher fluid on the strike page from AOL as misleading. It’s where you shop that may be a problem. The New York Times had reported on this problem in late 2008.

The story link is here.

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