Article View: alt.consumers
Article #77Re: Can't pay? Just walk away.
From: timeOday
Date: Thu, 07 Feb 2008 03:30
Date: Thu, 07 Feb 2008 03:30
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Beachcomber wrote: > Personally I think its wrong that Americans allow private companies > (the credit reporting agencies) keep secret files on citizens that > determine whether they are "credit worthy or not" and largely > determine what they will pay in interest charges for credit cards, > mortgages, etc. What's really ridiculous is that the credit reporting agencies receive a special exemption from liability for the damages caused by reporting false information about you. Their only obligation is to remove the information once *you* prove them wrong. That's right, maintaining the accuracy of their highly profitable database is somehow *your* job.
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