> The only people who would be outraged by the whole idea of credit reporting are the deadbeats.
And the deadbeats usually put down false info on their credit apps anyway so it works to their advantage when people try to catch up with them later. If you take away credit reporting...what are you supposed to just hand out funds just because the applicant looks nice? Conmen and their accomplices are usually attractive people and for some reason most dummies believe what they say and like them (at first until they get conned by them). No. Credit reporting is in place because its consists of historical information on whether that applicant is trustworthy and financially responsible and that’s the type of people you want to lend to - people that will pay you back. Lenders lending money without having it repaid would go out business in no time. Of course, lowering standards is exactly what got us on the current chaotic economic mess we’re in, in the first place but try telling that to a deadbeat liberal and all common sense flies out the window because they just want what they want like a spoiled child that eats sweets all the time then wonders why the weigh 350 lbs when they become an adult. Dumb actions have consequences.
Sounds like our current President.