observatornews.ro/economic/tanara-refuzata-de-banc

A young woman was denied a loan of 60,000 lei despite having a monthly salary of 7,500 lei due to her low FICO score. The FICO score, which ranges from 300 to 850, can decrease even for good payers under certain circumstances, such as paying off a loan early or closing a credit card. Different banks have varying eligibility criteria, with some requiring a minimum FICO score of 600. The Competition Council is investigating whether banks' use of FICO scores limits access to loans for Romanians. Customers can check their FICO score for free and request corrections for any inaccuracies. The investigation into banks' practices is nearing completion, with potential sanctions for those found in violation.