We went to get a mortgage only to find that our pristine credit rating has dropped 40 points
After paying bills on time for 40 years, this is quite a hell of a note.
Nobody seems to know how or why this happened.
The repercussion is that we now have to pay more monthly interest on our mortgage.
It is surprising that there is no transparency or regulation on something that impacts people
so profoundly.
No notification, no explanation, no nothing.
Anyone wondering why house sales have gone into the toilet might look for a significant decline
in credit ratings, and wonder exactly who is behind it, and why.