A Credit Trap for Consumers. Kenneth R. Gosselin and Matthew Kauffman.
by Gosselin, Kenneth R; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2004Article 73Business. Publisher: Hartford Courant, 2003ISSN: 1522-3191;.Subject(s): Consumer complaints | Consumer credit | Consumers -- Databases | Credit bureaus | Credit control | Credit ratingsDDC classification: 050 Summary: "A four-month investigation by The Courant has found that the nation's credit reporting business is built on a system so seriously flawed that costly errors are inevitable. A much-heralded congressional reform effort seven years ago has done little to repair the broken system or to hold credit bureaus accountable, the investigation found." (HARTFORD COURANT) This article reveals the flaws in the system "that forces hundreds of thousands of consumers to overpay for mortgages, credit cards and even car and property insurance. And it rewards the industry for its own mistakes, delivering millions in profits from selling credit reports to nervous consumers."| Item type | Current location | Call number | Status | Date due |
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| REF SIRS 2004 Business Article 70 Advertisers Slip into Spanish. | REF SIRS 2004 Business Article 71 It's Enough to Make You Sick. | REF SIRS 2004 Business Article 72 It's All Free!. | REF SIRS 2004 Business Article 73 A Credit Trap for Consumers. | REF SIRS 2004 Business Article 74 Why Doctors Are Quitting Medical Practice. | REF SIRS 2004 Business Article 75 Risky Business. | REF SIRS 2004 Business Article 76 Fellowship of the Online Gamers. |
Articles Contained in SIRS Enduring Issues 2004.
Originally Published: A Credit Trap for Consumers, May 11, 2003; pp. n.p..
"A four-month investigation by The Courant has found that the nation's credit reporting business is built on a system so seriously flawed that costly errors are inevitable. A much-heralded congressional reform effort seven years ago has done little to repair the broken system or to hold credit bureaus accountable, the investigation found." (HARTFORD COURANT) This article reveals the flaws in the system "that forces hundreds of thousands of consumers to overpay for mortgages, credit cards and even car and property insurance. And it rewards the industry for its own mistakes, delivering millions in profits from selling credit reports to nervous consumers."
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