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A comment on Our entire credit bureau system is broken. Parent comment

Re:Our entire credit bureau system is broken by hn_throwaway_99 on Monday September 11, 2017 @05:38AM (#15217227)
> Instead of a credit reporting agency existing at all, new credit applications could ask for your account numbers at existing creditors and then the new creditor can get your credit history directly from them.

How would this even be remotely viable? Why would you expect people to be honest about their credit histories in cases where they had late payments or some sort of default?

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Re:Our entire credit bureau system is broken by AnthonyMouse on Monday September 11, 2017 @09:41AM (#15218408)
> How would this even be remotely viable? Why would you expect people to be honest about their credit histories in cases where they had late payments or some sort of default?

Why would you expect people to not just give someone else's social security number?

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Re:Our entire credit bureau system is broken by cuckcuckspruce on Monday September 11, 2017 @09:19AM (#15218261)
Places that extend credit often take into account incomplete data - my girlfriend was denied for an apartment lease because she didn't have __enough__ credit history.
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