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Subject:  Re: Another expose on the credit reporting indus Date:  2/15/2013  4:29 PM
Author:  joelcorley Number:  306826 of 310780


I wrote, BTW, disclosure of facts can be constrained by trade secret and non-disclosure agreements (contract). Those agreements can be buried in other contracts and be far from obvious...

To which you replied, Oh sure. I'm pretty confident that Joe Blow consumer doesn't have any such agreement with a CRA, or with any of his creditors. In fact most any credit agreement I've laid eyes on in my lifetime - excluding those cocktail napkin agreements used between family members borrowing money from one another - has language such that the consumer specifically agrees to disclosure.

My bigger concern was that the CRAs might require you to agree that the entire report and its contents are proprietary and you do not have the right to disclose it. Actually I've been told by potential creditors that the CRAs require something like that - that the information is proprietary and it cannot be disclosed in whole or in part - but I don't recall a CRA ever requesting that of me. Of course they could slip in such language at some point next time I go to sign up for a free report and I might not notice. Of course most people don't go around showing their own credit report