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impersonal, a properly developed credit scoring system can 
make decisions faster and more accurately than an individual 
can. And many creditors design their systems so that 
marginal cases -- not high enough to pass easily or low 
enough to fail definitively -- are referred to a credit 
manager who personally decides whether the company will 
extend credit to a consumer. This may allow for discussion 
and negotiation between the credit manager and a consumer. 
What Happens If You Are Denied Credit?
While a creditor is not required to tell you the factors and 
points used in its scoring system, the creditor must tell 
you why you were rejected for credit. This is required under 
the Equal Credit Opportunity Act (ECOA). 
So if, for example, a creditor says you were denied credit 
because you have not worked at your current job long enough, 
you might want to reapply after you have been at that job 
longer. Or, if you were denied credit because your debt-free 
monthly-income was not high enough, you might want to pay 
some of your bills and reapply. Remember, also, that credit 
scoring systems differ from creditor to creditor, so you 
might get credit if you applied for it elsewhere. 
Sometimes you can be denied credit because of a bad credit 
report. If so, the Fair Credit Reporting Act requires the 
creditor to give you the name and address of the credit 
reporting bureau that reported the information. You might 
want to contact that credit bureau to find out what your 
credit report said. This information is free if you request 
it within 30 days of being turned down for credit. Remember 
that the credit bureau can tell you what is in your report, 
but only the creditor can tell you why it denied your 
application. 
Where Can You Go For More Information?
If you have additional questions about credit scoring 
issues, write to: Correspondence Branch, Federal Trade 
Commission, Washington, D.C. 20580. While the FTC cannot 
resolve individual problems for consumers, it can act when 
it sees a pattern of possible law violations. 


The Credit System
By John J. Hawk, Sr. 
A few words from the author
It's sad but true. A large percentage of Americans suffer 
from a blemish on their credit reports. A blemish that 
prevents them from obtaining new credit when they need it 
most. Bad credit is embarrassing, humiliating, and 
depressing because most credit ors believe a bad credit 
report dictates a persons worth and value as a responsible 
human being.  
Most people with bad credit are not "deadbeats" nor are they 
unwilling to pay their obligations. In fact, if your like 
most people, you probably maintained a good credit profile 
until an unforeseen circumstance like a layoff, medical 
problem, or divorce prevented you from making a few payments 
in a timely manner.  
The truth is that most people struggle long and hard to meet 
their obligations but the money coming in just doesn't meet 
the bills going out. If you find yourself in this type of 
situation, you must be very careful and selective about 
which bills get paid. If the circumstances become serious 
enough, you may even have to file for bankruptcy protection. 
 
You are not alone. You're not the first person to decide to 
put food on the table or keep the electricity on rather than 
paying a credit card bill. You can be sure that most people 
would rather protect their family and their loved ones 
first, and then pay their creditors. Even the collection 
agents, the ones that call and harass other people about 
their obligations, would certainly protect themselves first 
if faced with the same tough decision.  
Now, by knowing, understanding and utilizing your legal 
rights you can begin taking the steps of regain the good 
credit you once had and reward yourself with the confidence 
necessary to rebuild your financial independence and 
freedom. Of course you must protect your new credit report 
with honesty, integrity, and common sense.  
So, as you begin your journey to establish a new credit 
report, I would first ask you to stop feeling guilty about 
your previous inability to pay your creditors. It may or may 
not have been your fault. That is and will remain in the 
past. Look forward to a new start, new credit report, and a 
new chance.  
As publishers, we are not engaged in giving any legal or 
accounting advice. If you desire and want professional legal 
advice, please go to our Legal Services Page to get the 
legal representation you need at a price you can afford.  
	- John J. Hawk, Sr.
Introduction
Unfortunately today, we live in a society that determines 
our net worth and value as a human being by the type of 
credit file we have. If your credit report is good, chances 
are you will receive and partake of some of the better 
things in life. But the opposite couldn't be more true if 
your credit report is bad. There are very few creditors who 
will extend good credit to people with bad credit.  
But what if it wasn't your fault? What if you had to make 
the simple choice between eating and making your car 
payment? What if a job lay-off, a medical emergency, or some 
other personal crisis prevented you from making a timely 
payment? Should you be forced to pay for this for the next 
seven to ten years?  
The credit bureaus are judge and jury in relation to your 
credit file. But there is one difference. A judge will at 
least give you the chance to defend yourself in court before 
passing judgment. And in America we are SUPPOSED to have a 
chance to face our accusers BEFORE judgment is passed. This 
is entirely untrue when it comes to your credit file.  
The truth is that your creditors and the credit bureaus have 
been swapping information about you behind your back for a 
long time. You are not asked or given any benefit of defense 
when this happens. It is in effect legal gossip!  
The system, as it stands today, does not give you the 
opportunity to defend yourself before inscribing your credit 
file with negative information, even if it is not yours! You 
must prove to them that the negative information on your 
credit file is incorrect, invalid or otherwise erroneous 
before they will remove it. That means in their eyes, you 
are GUILTY until proven INNOCENT.  
You might wonder how a system like this is allowed to