Why are the 3 credit reporting companies allowed to ruin our credit yet we have to pay to fix our credit?

I find it intresting that if our idenity is "stolen" we have to pay thousands of dollars to fix it. Then we have to wait for 3 companys, that had noone to enforce them, come up with a number that defines our lives. Now, WE have to pay and are responsible for the accuracy of the credit score number we have no control over? Does anyone else find this disturbing?
who pays the data reporting companies?

The credit reporting agencies do simply that – report. They don’t "ruin" people’s credit – the people themselves, those who stole their identity, or creditors do that.

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2 Responses to “Why are the 3 credit reporting companies allowed to ruin our credit yet we have to pay to fix our credit?”

  • TheOnlyBeldin says:

    The credit reporting agencies do simply that – report. They don’t "ruin" people’s credit – the people themselves, those who stole their identity, or creditors do that.
    References :

  • src50 says:

    The credit agencies are essentially data bases reporting what creditors tell them. Nothing more or less.
    References :

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