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The FTC is suing CompuCredit, a company that provides credit cards targeted to individuals with lower credit scores and poor credit histories.  The system CompuCredit uses to determine eligibility for credit is being questioned.  While the company seems to take into consideration most of the normal factors for obtaining credit- like how faraway you’ve had credit, whether or not you’ve exceeded credit limits and whether you build your payments on time- they plus have some strange factors to determine eligibility.

CompuCredit plus factors what society buy with their credit cards to determine whether or not to extend credit to society.  Customers who use their credit cards to pay for marriage counselors are

denied credit; as are individuals who pay for massage parlors,  billiard halls, or their bar tabs on credit.

It seems credit companies can do whatever they want.  At least the FTC is taking action with a lawsuit against that company for it’s strange approval processes, but I can’t help but wonder how much of that type of “stuff” is factored into our actual credit scores?  whether it’s possible for a credit card company to use that data to deny or approve credit, it is probably just as possible for a credit report agency to use such data in the calculation of our credit score or history?

Orginal post by debbie