From the consumer’s perspective, credit rating agencies have created all of the problems to which their services are a solution.
@maxleibman Experian is heinous. Avoid like plague.
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@MPgh @maxleibman Problem is that us as consumers aren’t really given a choice to avoid. We’re mostly the product. We interact with the financial system in any way, our data is fed to the credit bureaus whether we want it or not. And since we aren’t in privity with them, the recourse when they’re irresponsible with it is seriously lacking.
@AmberWavesofFlame @MPgh Exactly. And what little recourse we have involves engaging their “services.”