We should ban the credit reporting agencies. Lenders should simply consult court judgements regarding unpaid loans, and bank statements.
People say having the courts settle legal disputes is too expensive. We’re paying multiple percentage points sales tax to credit card companies to establish a credit rating. Surely, that money would be better invested in a public, impartial court system.
People say having the courts settle legal disputes is too expensive. We’re paying multiple percentage points sales tax to credit card companies to establish a credit rating. Surely, that money would be better invested in a public, impartial court system.