Credit Bureaus to Blame for ID Theft?
Martin Bosworth over on ConsumerAffairs.com says the credit bureaus are the biggest threat to people's privacy related to identity issues.
ConsumerAffairs.Com receives a constant stream of complaints from irate customers regarding credit bureaus' inability — or unwillingness — to protect the personal information of the very people they claim to assist.
Since about every single American has a credit file with the major credit bureaus, it's not suprising that some people run into problems with them from time to time. I don't think most people understand how much money these credit bureaus make selling people's personal information. Heck, they make money off of us when they make us pay for OUR OWN credit score or credit report (beyond the one free one per year). For all the money they make from our data, the least they could do would be to make it easier to fix errors on our credit reports--not to mention talk to an acutal human being when an issue arises.
ConsumerAffairs.Com receives a constant stream of complaints from irate customers regarding credit bureaus' inability — or unwillingness — to protect the personal information of the very people they claim to assist.
Since about every single American has a credit file with the major credit bureaus, it's not suprising that some people run into problems with them from time to time. I don't think most people understand how much money these credit bureaus make selling people's personal information. Heck, they make money off of us when they make us pay for OUR OWN credit score or credit report (beyond the one free one per year). For all the money they make from our data, the least they could do would be to make it easier to fix errors on our credit reports--not to mention talk to an acutal human being when an issue arises.
posted by Dave at 2:58 PM
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