And yes, consumers want to be able to fix their credit scores. That is the point of this legislation. Consumers want to have the best credit score possible. Currently, it is impossible to get a clear answer. Consumers should know what they need to do to become good credit risks.
Educated consumers are a powerful force.
They know what loans they best qualify for and where to get those loans. Knowledge is the best defense against problems such as predatory lenders or scam artists that are giving the financial services industry a black eye. We need to unlock the score. The time has come. Thank you again Madam Chair for allowing me to testify on this issue.