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WZTV FOX 17 - Top Stories
(CNN) A new study shows the credit score you can access online may not be the same one lenders use. Credit scores determine if you can make big purchases like cars and homes-- and whether or not you are approved for a credit card.
You have always had access to one free report a year-- but you have to pay to get the actual numeric score. Now the Consumer Financial Protection Bureau has studied 200,000 credit files and made an alarming discovery.
In as many as about one quarter of cases, the scores consumers paid to see-- were different from the scores the lenders see when making decisions on loaning you money.
Some scores were so wildly different, it knocked them up or down 100 points in a system where the highest scores are over 740 points.
A group representing the credit bureaus defends the industry's consistency-- saying the study found "a high correlation among scores." The group plans a consumer education campaign on credit scores.
You have always had access to one free report a year-- but you have to pay to get the actual numeric score. Now the Consumer Financial Protection Bureau has studied 200,000 credit files and made an alarming discovery.
In as many as about one quarter of cases, the scores consumers paid to see-- were different from the scores the lenders see when making decisions on loaning you money.
Some scores were so wildly different, it knocked them up or down 100 points in a system where the highest scores are over 740 points.
A group representing the credit bureaus defends the industry's consistency-- saying the study found "a high correlation among scores." The group plans a consumer education campaign on credit scores.
Wednesday, October 3 2012, 05:23 AM CDT
Tennessee News
Prince Edward presents Edinburgh's awards in Tenn.
May 23, 2013 22:00 GMT
By ERIK SCHELZIG Associated Press
NASHVILLE, Tenn. (AP) -- Queen Elizabeth's youngest son, Prince Edward, is visiting Tennessee to promote one of the British royal family's charities, the Duke of Edinburgh's awards.
The prince presided over an awards ceremony at the governor's mansion in Nashville on Thursday for the first batch of young Tennesseans to participate in the leadership and character program.
About 80 youths received the award by participating in community service, skills development, physical fitness and adventurous journeys through the Boy Scouts, Boys and Girls Clubs, LEAD Academy, Montgomery Bell Academy or the Miss Tennessee Scholarship Organization.
Following the event, Gov. Bill Haslam and first lady Crissy Haslam invited the awardees and their families to tea inside the governor's residence. Later on Thursday, the prince was scheduled to headline a black-tie gala at Montgomery Bell Academy in Nashville.
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