>That being said, abolishing the concept of a consumer credit report entirely is a terrible idea. It is a fact that different people simply present different risks to a lender in their likelihood of default.

And any bank will ascertain this from their forms when applying for a loan well before they do any kind of credit check on you.

Also, YOU should control your credit history. You can give it to a lender if you wish to prove your credit worthiness. They shouldn't be allowed to give it to anyone else. Organizations should not be allowed to track it unsolicited.