MPs: Credit ratings penalise savvy borrowers

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MPs: Credit ratings penalise savvy borrowers

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09-25-2009, 02:12 AM

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MPs: Credit ratings penalise savvy borrowers

Unfair credit rating practices could be called to a halt by MPs following a parliamentary investigation.Currently consumers have to apply for a loan or credit card to find out the interest rate they’ll be offered.However, each application lowers their credit score - so the more a consumer searches around for the best deal, the worse [...]

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