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Good Morning Yahoo!
So apparently, some credit card companies are now profiling their customers. Your credit score can be affected depending on WHERE you shop. If other people who shopped at the same establishments (such as marriage counselors) have low credit scores, it sends a red flag to your credit card company about YOUR credit-worthiness, even if you always pay your bill on time and don't carry a balance. To make matters worse, they won't even TELL their customers which establishments lower their credit score.
And before we hear the expected chorus of "zomg they can do what they want" from the usual suspects, I'd like to point out that if this becomes the norm, most people won't have a choice but to A) not own a credit card, or B) subject themselves to this. And for most of us, shocking invasions of privacy are just as bad whether they come from the federal government, individual snoops, or multinational corporations. I think there definitely need to be some regulations on how credit scores are calculated so that we don't have crap like this.
So apparently, some credit card companies are now profiling their customers. Your credit score can be affected depending on WHERE you shop. If other people who shopped at the same establishments (such as marriage counselors) have low credit scores, it sends a red flag to your credit card company about YOUR credit-worthiness, even if you always pay your bill on time and don't carry a balance. To make matters worse, they won't even TELL their customers which establishments lower their credit score.
And before we hear the expected chorus of "zomg they can do what they want" from the usual suspects, I'd like to point out that if this becomes the norm, most people won't have a choice but to A) not own a credit card, or B) subject themselves to this. And for most of us, shocking invasions of privacy are just as bad whether they come from the federal government, individual snoops, or multinational corporations. I think there definitely need to be some regulations on how credit scores are calculated so that we don't have crap like this.
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