Credit Reports need to be limited to people seeking credit. ANY other use is inappropriate and needs to be outlawed.
The Credit Reporting Agencies themselves need to be regulated to prevent their collusion with large sellers (Mortgages / Real Estate etc.) as they did in building the Real Estate Bubble that has essentially collapsed the world economy. Our current economic distress could have been avoided IF the Credit Reporting Agencies had PROPERLY rated mortgage backed securities instead of automatically giving EVERYTHING tied to any mortgage a AAA+.
It is abundantly clear that the credit reporting agencies are NOT providing the service that they claim to provide and instead they are working hard to insure the rapid transfer of wealth from the poor to the rich (themselves).
Credit Reporting agencies are obviously doing a better job of selling their reports than of making sure the reports themselves have any REAL meaning.
ANYTHING requiring a Credit Report is NOT worth doing. I take my business elsewhere. Credit Reports are worse than worthless.
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