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why were credit reporting agencies created?

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why were credit reporting agencies created?

Some entrepreneurs saw a need to create $$$ by indirectly driving the credit business to create the need to build companies that could perform a service of performing a system of "Checks and Balances" in forms of disputes.
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2 REPLIES 2
Established Contributor

Re: why were credit reporting agencies created?

Read this

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-History-of-Credit/m-p/19935

 

I would read the "Edwin" section first then come back to the rest.

BECU | Apple | Discover | Key
Message 2 of 3
Regular Contributor

Re: why were credit reporting agencies created?

Freaking Edwin.....

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