Equifax, TransUnion, Credit Karma, Borrowell: Should you trust your credit score? (Marketplace)
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- Опубликовано: 10 окт 2019
- It's easier than ever to check your credit score online but is there a catch? We ask three people to check their scores on Credit Karma, TransUnion, Equifax, and Borrowell. The results might surprise you.
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At least borrowell actually stood in front of a camera and answered questions
Credit bureaus such as Equifax and TransUnion in Canada should be subject to more coherent and exhaustive legislative and regulatory scrutiny. In my opinion.
Finally an insight of how credit scores work . I’ve been saying it all along , why 4 different credit companies always have different scores . Excellent programming ...keep up the good work !!
CBC at it again! Busting the tough questions. Credit scores need to be standardized and fully transparent to the consumer.
I respect Borrowell CEO for been a man enough to come on camera and answer questions. Kudos sir. 👍🏿👍🏿👍🏿👌🏿🙏🏿
Lol no surprise here the whole credit system is a scam
Well done CBC. This video clearly shows that a standardized formula should be enforced towards these "educational" organizations that are currently providing their own version of credit score. In fact, it should be made illegal to be called "credit score" since it's misleading and inaccurate for consumers. This secret Beacon score that they speak of should be made available to the public and not just businesses can see.
I think the only beneficial thing to pulling your own credit report on any of these consumer sites is making sure your credit information is accurate. In addition to the score, these reports will tell you how many open credit accounts you have, which is important to check from time to time to ensure no one has stolen your identity and opening credit in your name.
A huge scam that should not be allowed to have so much control over our lives
Okay now I got it. It's just a scam to give you credit cards and high interest loans.
If you’re just an independent landlord you have all the discretion to take whatever score
I stopped caring about my credit score after a 4 year period of my life ware my score fell 200 points all the while I payed off a mortgage, car, doubled my income, and never had a late payment for anything. Its just a scam.
Good for Borrowell for doing an interview and answering questions
At 43, never owned a credit card, I only use my debit card once when I get my wages, rest transactions are done by cash.
Never had a credit score until I went to buy my home, even though I had cash and a good job no debt was told I needed to get more credit aka debt. Went out and 1 credit card and a personal loan. Then I qualified for a mortgage. After that I paid everything off except the mortgage, and haven't worried about my credit score since. Life's great being debt free and just a mortgage. I highly recommend it for normal people who just want to own a home and pay cash for everything else 😁. Credit score is just a way of judging people of who is good at being in debt and KEEPING THEM IN DEBT.
Credit score .. a rating of your ability to incur a debt !! Nice.
“I’m going in blind. That’s the game plan” yep he’s going places
I can respect borrowell for showing up and answering these questions at least
When that Borrowell guy said "well we're using it" I laughed out loud.
A good credit score is NOT a sign of winning. You could a million dollars in the bank and it’ll have no impact on your credit score.