It's unclear to me why the 3 credit bureaus are free to collect, store, repackage & resell — to creditors, but also back to *me* — sensitive info about my credit habits that I've not authorized or confirmed the veracity of... in fact, *can't* confirm w/o purchasing the "product."https://twitter.com/terronk/status/1155147304409505798 …
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They do that in China.
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Seems pretty insidious, but hard to get around the fact that reputation is the fundamental currency. Are there alternatives? There's blockchain, but I worry that that could become even worse

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Unfortunately, it appears to me that this particular form of 'reputation' is meant solely to gauge the profitability of exploiting those listed.
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So I totally agree it's a horrible racket, but you can get free access to your reports & many credit cards are giving "free" scores now, too.
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annual scores and reports, usually, which don't help you much if you're actively working on repairing your credit
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Even that's not entirely analogous. You can quit Facebook. Opting out of the credit system, on the other hand, is next to impossible.
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Mostly agree, but do they use it to deny loans, or shift the terms offered curve while the deny line remains static? Would the % of people denied loans decrease if they did not have that data?
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