Political Quotes

On the recordMay 4, 2010
People ought to have a right to know what their credit scores are. They are critical when it comes to that home mortgage. The interest rate that one pays, the downpayment they are required to meet, are all linked to what the credit score is. We have seen in the past how credit scores can actually be very different than what they should be. When people have had to fight for years to get a credit score restored because of identity theft, all sorts of things can happen. The individual who had his credit cards stolen then spent years trying to rehabilitate his own name and reputation because of what had happened and could never get access to his credit scores except that every financial transaction he went to engage in, he paid an awful price because the credit scores were obviously low, in light of the fact that people had stolen his cards and had run up huge debt. Aside from having the knowledge of what it is, the ability to correct it as well is something we have spent a lot of time on.
Said by
Chris Dodd
Democratic · Connecticut
Source
govinfo.gov
May 4, 2010

Editor's note · Context

Dodd discusses the importance of access to credit scores and the impact of identity theft on individuals.

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