PLACE OWNERSHIP OF CREDIT SCORES AND REPORTS WITH OWNERS, GIVING THEM FREE AND FULL ACCESS TO THEIR PERSONAL CREDIT DATA

CONSUMERS HAVE LIMITED UNDERSTANDING OF HOW THEIR CREDIT SCORE IS CREATED. CREDIT REPORTING AGENCIES ARE NOT CONSUMER FRIENDLY. BUSINESSES HAVE TOO MUCH FREEDOM TO INSERT NEGATIVE INFORMATION INTO A CONSUMERS CREDIT REPORT, WITHOUT PROVIDING ANY VERIFICATION OR NOTICE TO THE CONSUMER. THESE PRACTICES HAVE GONE UNCHALLENGED FOR TOO LONG, AND CONSUMERS SUFFER AT THE HANDS OF BUSINESSES AND CREDIT REPORTING AGENCIES. CONSUMERS WANT TO ESTABLISH AND MAINTAIN EXCELLENT CREDIT, YET THEY HAVE LIMITED CONTROL OVER THE CREDIT REPORTING PROCESS. WHEN THEY REALIZE A PROBLEM EXISTS, THE DAMAGE IS ALREADY DONE AND CONSUMERS HAVE TO SPEND THEIR RESOURCES TO CORRECT THE ERRORS. CONSUMERS CAN SELDOM ACCESS THEIR PERSONAL CREDIT SCORE WITHOUT PROVIDING A CREDIT CARD NUMBER AS COLLATERAL. UNACCEPTABLE!