Gosselin, Kenneth R.,

A Credit Trap for Consumers. Kenneth R. Gosselin and Matthew Kauffman. - Hartford Courant, 2003. - SIRS Enduring Issues 2004. Article 73, Business, 1522-3191; .

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."

1522-3191;


Consumer complaints
Consumer credit
Consumers--Databases
Credit bureaus
Credit control
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