Illustrating yet again how tough it can be to get a level playing field with business interests, federal watchdogs say that one in five consumers is likely to receive a credit score different than the one given to lenders.
The Consumer Financial Protection Bureau's study shows that while you might think you're entirely credit-worthy, banks and others are possibly being told a different story.
"This study highlights the complexities consumers face in the credit-scoring market," said Richard Cordray, the agency's director. "When consumers buy a credit score, they should be aware that a lender may be using a very different score in making a credit decision."
Consumer advocates have long charged that credit-reporting companies provide varying scores to lenders. The federal agency confirms this, saying that many consumers receive a "meaningfully different" score than their lender.