[ams6110]

Assuming the data collected are not in error, you mostly did consent to it. Read the fine print of any lease, loan, or other credit agreement. They almost all say they will report payment history (particularly late or non-payment) to credit bureaus.

[reaperducer]

They almost all say they will report payment history (particularly late or non-payment) to credit bureaus.

If that was the only data reported to credit bureaus, that would be great.

But "reputation data" is increasingly becoming important in this sphere. Are you Facebook friends with people with a low credit score? Do you drive through a dodge neighborhood on the way to work? Do you watch the wrong kinds of movies? Buy liquor? Stream the wrong shows?

It's all up for grabs, and with the "credit score" formulae locked up as trade secrets, there's no way to determine if your mortgage denial was because you were one day late with a cell phone bill, or because you stop at a red light next to a pawn shop enough times that your phone thinks you're a regular customer.

[astura]

No, just no, this is complete and total nonsense.

FICO publishes exactly what makes up your credit score, straight from the horse's mouth:

https://www.myfico.com/credit-education/whats-in-your-credit...

The FCRA gives you the right to know what is in your file

In addition, the FCRA gives you the following rights (not inclusive):

-You must be told if information in your file has been used against you. Anyone who uses a credit report or another type of consumer report to deny your application for credit, insurance, or employment – or to take another adverse action against you – must tell you, and must give you the name, address, and phone number of the agency that provided the information.

-You have the right to dispute incomplete or inaccurate information

-Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information.

-Consumer reporting agencies may not report outdated negative information. In most cases, a consumer reporting agency may not report negative information that is more than seven years old, or bankruptcies that are more than 10 years old

https://www.consumer.ftc.gov/articles/pdf-0096-fair-credit-r...

So if you get denied a mortgage, you'll know why, and it certainly won't be because you drive by a pawn shop.