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The Most Hated Spy Agencies in America
Rating: 4.4 out of 5(6 ratings)
478 students

The Most Hated Spy Agencies in America

and Its' History
Created byJohn Mackey
Last updated 8/2023
English
English [Auto],

What you'll learn

  • Discover the history of the credit report - how it is used for and against you.
  • Discover the various agencies that are collecting data on you
  • Desire to learn the history of credit reporting and these secretive agencies
  • What spurred the growth of the credit reporting industry

Course content

3 sections • 11 lectures • 36m total length

  • Introduction2:45

    Explore the history of credit reporting in the United States, revealing not only Experian, Equifax, and TransUnion but many other agencies, and how data, scores, and debt collection affect consumers.

Requirements

  • There are no requirements or prerequisites to take this course other than a desire to understand

Description

This course is about the history of the credit reporting system, from the store clerk in the 1850 Midwest saga, where a merchant will sell products to farmers with the promise to pay at the end of the season.

We go on to the development of the beginning of the credit reporting system where the credit reports were put on stock index cards and filed away locally, to the computerization of data that completely changed the landscape. And then, onto the advent of the credit scoring system.

That’s just a part: but what about all the other 50 or so credit reporting agencies that collect data on you? Most people don’t know who they are, but I found out and I give them to you in this very quick history lesson.

Credit reporting agencies are collection points of information about you, the individual. And it does not even have to be credit related. Are you a good risk? What is the likelihood of getting paid back if you are a merchant? Both important questions, among so many others.

We, as consumers, are now borrowing more money to live a lifestyle that is well-documented, from the money we borrow to the drugs our doctors prescribe, to the job application process. This is just a quick analysis of the history of the credit report.

Who this course is for:

  • This is not necessarily for the history buff but anyone who wants to understand how the credit reporting system has totally monetized everything we do

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