[p49k]

There’s a difference between credit scoring and credit reporting.

Credit scoring refers to the act of reducing the entirety of one’s credit history to a single number using an algorithm.

Few people are opposed to credit histories being available to potential lenders. However many find the scoring system to be unnecessary and flawed. Lenders could just look at the actual credit history to make a decision.

[cloudsec9]

Ok, I'll chime in; I'm opposed! :)

I'll agree we need a system of credit histories, but what we've got now is terrible. The current vendors have no serious liability for breaches, and are pretty lax in how they do things. I'm opposed to the way they do it now.

Things could be much improved, and transparency brought into the process. Make vendors accountable for privacy and accuracy.

I don't think it will happen anytime soon, but this is something congress can fix, but they just don't have the will to.