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Tell the Credit Bureaus: Give Me Back My Credit Score!
  • Petitioned Donald A. (Don) Robert

This petition was delivered to:

CEO, Experian Group
Donald A. (Don) Robert
Public Relations, Equifax
David M. Rubinger
CEO, Equifax, Inc.
Richard F. Smith
Senior Vice President, Chief Analytics Officer, FICO
Dr. Andrew N. Jennings
CFO, TransUnion
Samuel Hamood
CEO, TransUnion
Siddharth N. (Bobby) Mehta
CFO, Equifax, Inc.
Lee Adrean
Senior Vice President, Public Affairs, Experian Group
Gerry Tschopp
Public Relations Director, Experian Group
Susan Henson
Public Relations Manager, TransUnion
Dave Blumberg
Sr. Director, Corporate Communications, TransUnion
Clifton O'Neal
Group Vice President, TransUnion
Steve Chaouki
Mark Greene
Michael (Mike) J. Pung
CFO, Experian Group
Paul Brooks
US Public Relations, FICO
Jason Sprenger

Tell the Credit Bureaus: Give Me Back My Credit Score!

    1. Marga Vaquer
    2. Petition by

      Marga Vaquer

      Santa Cruz, CA

Our credit has been occupied. We want it back!

Tell the credit bureaus: “Adjust my FICO credit score to correct for the impact of the housing crash.”

The credit scores of millions of Americans have plunged in the last few years due to economic hardship caused by the housing crisis. Many home owners have had no choice but to miss payments, pursue short sales, or go into foreclosure.

Now they find themselves with FICO credit scores that no longer reflect their true consumer creditworthiness (see TransUnion study below). The system no longer evaluates borrowers on their merits, but rather ranks them based on outdated and rigid rules that are unresponsive to customer needs and to a changed economic environment.

One thing that is hindering recovery from the housing crash and credit crisis is that, for years now, banks have failed to effectively assist many struggling borrowers, despite big bank bailouts by the American people. Banks’ illogical requirements for missed mortgage payments in order to offer help, their reluctance to modify loans, in addition to complex and lengthy processes for short sales -- all have shattered the credit scores of millions.

Many Americans with low credit scores are responsible borrowers who are willing but unable to invest in the economy. However, lending is being artificially suppressed by outdated policies perpetuated by credit bureaus and banks. The unresponsiveness of credit bureaus amounts to collusion with the banks to keep the cost of borrowing high.

Higher credit scores would increase lending and spending, revitalizing the economy. Current low credit scores result in more consumers paying higher interest rates, and in lenders continuing to profit even more from the 99%. This is just adding insult to injury.

Our Solution

We propose 2 solutions and request prompt action by all 3 credit bureaus in order to stop the outdated and flawed standards that are currently used for reporting consumer creditworthiness in the context of the housing crisis.

1. Significantly shorten credit score recovery times after short sales, deed-in-lieus and foreclosures.
2. Set up a system that promptly handles requests for credit restoration to pre housing-crisis levels, based on: a) Proving a valid recession-related reason, such as a short sale, deed-in-lieu, or foreclosure; and b) Responsibly meeting other consumer credit obligations, such as auto loans and credit card payments.

Please sign this petition to urge credit bureaus to stop distorted reporting of consumer creditworthiness! Say “No” to unfair penalization due to institutional negligence. Restore credit score sanity!

Want Some Additional Facts?

TransUnion Study: “Mortgage-Only Defaulters Not as Risky as Expected”
As a TransUnion study confirmed in 2011, “consumers who only defaulted on their mortgage during the economic recession were far better risks than those consumers who went delinquent on multiple credit accounts.” “There appears to be a pocket of opportunity among mortgage-only defaulters that is not the result of excess liquidity, but rather the unique circumstances of the recent recession," said Steve Chaouki, group vice president in TransUnion's financial services business unit. See entire article and study outcomes at: http://www.marketwire.com/press-release/Life-After-Foreclosure-Study-Mortgage-Only-Defaulters-Not-as-Risky-as-Expected-Says-1517966.htm

Facts from www.myfico.com:
• [Your FICO score is] The factor used to determine your mortgage rates, car loans and credit card terms.
• 90% of the largest banks use your FICO® credit score for credit decisions.
• A 100 point difference in your FICO® score could mean over $40,000 extra in interest payments over the life of a 30 year mortgage on a $300,000 home loan.

Photo Credit: creditrepair.org

Recent signatures


    1. Reached 100 signatures


    Reasons for signing

    • LaTon DeLira CALDWELL, ID
      • almost 2 years ago

      I don't think its fair what these credit company's are doing to people. I am also outraged at the banks that are bent on taking people's homes instead of modifying the mortgages please sign my petition on this site please sign my petition its not spam its my real lifehttp://www.change.org/petitions/wells-fargo-stop-forclosure-on-my-home-and-modify-my-mortgage?share_id=BImoAoOSQT&utm_campaign=petition_creator_email&utm_medium=email&utm_source=share_petition

      Wells Fargo: Stop forclosure on my home and modify my mortgage


      Wells Fargo: Stop forclosure on my home and modify my mortgage


      I am the divorced mother of six school aged children who is struggling financially and have been urging the bank for three years to modify my home...

      • about 2 years ago

      My brother has been bashed with accounts that dont exist and they wont remove a 14 year old bankruptcy, which is suppose to go to ten years. They WANT to punish us when we lose our jobs. I have had trade lines where the CBs allow negative credit reporting to continue on accounts that are closed!

    • Shirley Van Dyke LEESBURG, FL
      • over 2 years ago

      This must be done for the sake of the Middle Class

    • Wakita Wilson ALEXANDRIA, VA
      • over 2 years ago

      I'm sick and tired of being sick and tired. We are forced to have direct deposit with some form of a bank, but we aren't qualifying for home loans because of credit scores, but our direct deposits to checking, savings and secure credit cards aren't being used favorably to help bridge the gaps to show the borrower worthy of a loan. INJUSTICE!!!

    • Bosco DaCosta APTOS, CA
      • almost 3 years ago

      Inspite of the bail out funds, the banks continue to be greedy


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