Never been a fan of the credit agencies. A company I don't deal with has all my personal information and takes minimal steps to secure that information. Can't count how many times I've read about a hack at trannyunion or experian.
People think of credit reporting laws as consumer protection, but the way I think about it: credit bureaus wouldn't exist without them. Their whole schtick is basically saying negative things about a person based on hearsay. The bureaus collect information provided by lenders; you do not borrow from a credit bureau. We hear all this about errors on credit reports? Without those "consumer protection" laws, every one of those "mistakes" would be a lawsuit. IANAL so maybe someone can explain how I'm wrong, but it makes sense that the laws would be bought and paid for by the bureaux to cover their own asses.
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