Why Do Companies Report People To Credit Agencies? Companies report people to credit agencies if they: fail to pay their bills on time. borrow too much money. … Credit cards are secured loans for large amounts, while personal loans are unsecured for small purchases. Which is most likely to happen to consumers with good credit
What Was A Major Criticism Against Credit Reporting Agencies In The 1960s? By the 1960s, controversy surfaced over the CRAs, according to Chris Hoofnagle of the Electronic Privacy Information Center, a public interest research center. Hoofnagle says the credit reports were being used to deny services and opportunities, and individuals had no right to see
Which Is Most Likely To Happen To Consumers With Good Credit Check All Apply? Which is most likely to happen to consumers with good credit? … They can use credit in emergencies. Why do companies report people to credit agencies? Companies report people to credit agencies if they: fail to pay their bills on time.