Reply to comment
Forced to use consumer credit , like it or not
March 3, 2008 by Anonymous, 1 year 38 weeks ago
Comment id: 27893
Reply
About us
Science Blog was started in August 2002. It lives, breathes and eats press releases from research organizations around the globe. Most of what you read here are press releases from the outfits named in the stories themselves. Got a news story you think belongs here? Let's talk. The other half of the equation is blog posts from readers like you. So if you have an interest in science, please register and join others like you in an ongoing, vibrant dialog about what makes the world tick. Meantime, please take a minute to read our Privacy Policy and Site Disclaimer.Recommended
Andrew Sullivan Dan Sullivan Doug Arellanes Emmanuelle Richard Faith Sullivan Fred Bortz Heather Havrilesky Henry Copeland Kate Sullivan Ken Layne lagreenbean.com LAist.com Maggie Sullivan Matt Welch NewYorkology Opinion L.A. Ron Kaye Slashdot Steve Elzer & Family TheNewsroom.org Thor Garcia Tony Pierce Wonkette OlderThanks CNET for naming Science Blog one of your Blog 100!
For many years I refused to keep a credit card because I knew without a doubt that they are inherently evil, but now I have a few cards because I was discriminated against for not having a credit history when I tried to buy homeowners' insurance a few years ago. It seems the state (FL) regulators are permitting the insurance companies to use one's credit rating as a criterion for evaluating the risk of loss on homeowners' policies, even though there's no causal relationship between the two figures. So if you don't have a record at Equifax you can't buy insurance! No matter that your retirement income is guaranteed by Uncle for the rest of your life, you own the home free and clear and likewise for your second home, and also for your business, and have plenty of other assets to boot: none of that matters if you haven't kissed Equifax's ass by keeping a consumer credit account.