credit checks

[Harlan Huckleby]

They can certainly fire them. And if a business has a case that they have been damaged by a fraud, they can sue them.

[Patler]

The credit reporting industry is little more than a legalized con racket, in my opinion. Thet are held to no standard of accuracy in what they report. They can enter any information sent to them from anyone, with no obligation to verify accuracy. They have managed to convince businesses that their reports are statistically relevant to just about everything, including your insurability. (did you know that some insurance rates are tied to credit scores?)

I would bet most people in favor of employers checking credit scores would change their opinions if they ever had to try and correct inaccurate information in their report. It can be an absolute nightmare. The bureaus have a high burden of proof you must meet when you try to remove negative information that the bureau itself has incorrectly attributed to you, such as from having entered an incorrect social security number. Just trying to get a live person to talk to is problematic, then convincing them that loans or payments they have listed are not yours can take forever.

Credit reporting services have done a masterful job of promoting themselves, and they have managed to virtually exclude the subject from it. Too many silly things unrelated to payment promptness can adversely impact your score. If you pay everything as due, and have no established credit because you have no debts, you will be downgraded. Shop for the best loan rates, and have numerous institutions order credit reports on you because of it and your credit score will go down. Have a number of credit cards with high "available" credit limits and you will be downgraded even if you never use the cards.

I know of one instance where one agency made the assumption that John James Doe and James John Doe must be the same person, and it took nearly a year to get it sorted out. Meanwhile, one of them was unable to get an apartment in his name because of a credit check.

[Harlan Huckleby]

We need a government takeover of the credit agencies!

Only kidding. I think.

I always found it extremely bizarre that we would have three of the suckers, all of which hold credibility. Which means everybody has to monitor and update all three. That's nutty.

[swede]

I'll bet guys named John Doe take a lot of crap.

"I heard they found your body in a dumpster last week. Everything okay?"

[Bretsky]

Of course they should

[Scott Campbell]

If Patler is against it, that's good enough for me.

[Bretsky]

If Patler is against it, that's good enough for me.

We haven't agreed on anything since 2008 either so at least things are consistent

[Harlan Huckleby]

If Campbell is against it, I'm for it.

[Scott Campbell]

If Campbell is against it, I'm for it.

That uneasiness in the pit of my stomach just magically disappeared.

[Scott Campbell]

If Patler is against it, that's good enough for me.

We haven't agreed on anything since 2008 either so at least things are consistent

I think you're blinded by our disagreements in one thread. We were mostly in agreement in that thread where Partial kept trying to buy a condo.