The reality of credit.I AM CURRENTLY UNDERTAKING MY MASTER'S THESIS, investigating the credit reporting industry and how its policies do not tell an accurate story of individual credit worthiness. [See "Perfect Score," November 2004.] For example, public policy does not mandate that creditors report positive payment information. And yet ironically, it is a widespread practice to report derogatory de·rog·a·to·ry adj. 1. Disparaging; belittling: a derogatory comment. 2. Tending to detract or diminish. information on a creditee via a collection agency. Seemingly seem·ing adj. Apparent; ostensible. n. Outward appearance; semblance. seem  ing·ly adv. , there should be a clearinghouse for reporting
positive data (a venture I currently have underway).
I have witnessed firsthand first·hand adj. Received from the original source: firsthand information. first the inherent flaws of the credit bureaus. Granted, we can conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" the current system, but the current system needs to change, [to] provide a level financial playing field for those considered less than credit worthy. Bretta L. Grant Walterboro, SC |
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