If you’ve recently been to a credit bureau’s web site, you may have noticed ads for credit cards prominently displayed. TransUnion even goes as far as having an entire section devoted to offering all sorts of credit cards, from consumers with high credit scores to those with bad ones. FICO also has a section offering credit cards to different score levels. You may have also noticed some credit cards actually give you FICO scores for free, and a 12-month history of the consumer’s FICO score as part of your monthly credit card statement.
Now you may be asking yourself, “Why are the bureaus and the credit card companies doing this? Isn’t it a conflict of interests if a credit card, which can generate debt, is offered by a credit bureau, which reports on that debt?”
The answer may surprise you. So let’s take a look.