There are lots of sites out there like yelp.com and ripoffreport.com that allow people to post reviews about companies. While these types of sites provide a valuable consumer service, there are two major problems with these sites
- No one actually verifies that the review are legitimate. Not only do individual engage in reviews of questionable integrity, but also corporations have been caught paying for false reviews against their competitors.
- The scoring is highly subjective and inconsistent…i.e someone can post a 1-star review because a bank teller didn’t smile broadly enough while another person may give a 5-star rating to a credit card company that apologized for a mistake that caused the person’s credit score to drop by 50 points.
Creditor Score does take into account news related to the lenders we score in our ratings. But, we focus no news coming from reputable sources which follow good journalistic practices and verify facts.