Credit Reporting Agencies

Posted On: 2006-03-14Length:

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You're listening to the Debt Podcast, your best source of news and information on personal finance, debt, credit and more. Visit us online at www.debtpodcast.com to check out the show notes, subscribe to our feed, or to sign up for e-mail notifications for new shows. Whether you're in debt, out of debt, or somewhere in between, the Debt Podcast will help you take control of your wallet. Get your questions answered on the show by bankruptcy and consumer law attorney, Jay Fleischman, by sending e-mail to debtpodcast@gmail.com, or just pick up the phone and call our listener line at 206-202-5231. Tell us what you think. We'd love to hear from our listeners, because without you, we're just talking to the computer. The Debt Podcast is a production of the Debt Relief Law Center of New York. Intro music by Dr. Frankenstein. Theme from the Mad Thinker.

Hey everybody and welcome back to your Debt Podcast. My name is Jay Fleischman. And today is Tuesday. It is March 14, 2006. Welcome back to the show. Thanks for staying subscribed and thanks for listening. If you know any good lawyer jokes, send them on over. I've very interested. Chris Panover at the Financial Aid Podcast at financialaidpodcast.com sent me not only a lawyer joke, but a lawyer movie. That's right, a lawyer movie. He didn't film it himself. Although that would have been impressive, and I'm pretty sure that he could have done it if he wanted to. But there's going to be a link in the show notes to it, it is just so hysterical. I can't even tell you. It's not necessarily work safe, but I thought you might be interested in giving a look to it. So check out the show notes at debtpodcast.com. Also on some of the message boards that I'm involved in, there are a bunch of podcasters that are talking about people that do not give feedback. And I am so lucky that so many of my listeners send feedback, submit questions. I think that it's a testament to my fantastic listening audience. But there are a lot of podcasters out there that don't get feedback, and they get lonely out there. So, for all of the other podcasts that you listen to, drop them an email, send them a voice comment, do whatever it takes, just let them know that you're out there.

Anyway, we're just going to jump into a little bit of news and information. And then we're going to do, I've got a couple of listener questions that I'd like to answer today on the show, and here we go. What do you say? So. Anyway. The first story that we've got is out of the Cincinnati Post. I know that you hear me clicking around in the background as I bring it up on my screen. But there's a story in the Cincinnati Post talking about how credit bureaus have another score. They've got your credit score, and you know about those. But they also have what they call a bankruptcy score. That bankruptcy score is a score that you've never seen, and most of you have never heard of. It's a score that they use to assess the likelihood that you're going to file for bankruptcy. And for years, this has been very, very hush-hush. But now there's talk that the credit reporting agencies are going to start releasing that score to consumers, much in the same way...