Sorry about the last few days of blog silence. I haven’t been feeling very inspired lately. However, Kevin Drum makes a good point about credit reporting.
The problem with credit reports is that they’re strictly under the control of one side of the credit transaction: businesses. If a business requests a report, they get it, no questions asked. If a business reports a problem, it goes on the report, no questions asked. The consumer never knows any of this is happening, and that’s the way the credit reporting companies like it.
This needs to stop. If a business requests a report, the consumer should be notified