You are ABSOLUTELY right!!!!!

They should get rid of all the credit reporting agencies as they are doing a bad job and ruining people's lives. People need to rely less on credit too and pay cash for more things or not get things they cannot afford or do not really need. Frugality is the answer. Banks also rip people off and need to be more regulate...more

I don't have a low credit score and do pay my debts. I do believe the credit bureaus need to be reigned in, they are out of control and most of their reports are inaccurate.

Credit bureaus are in the pocket of corporate America.  That is how they charge people exorbitant fees. Your credit does not define you. The credit bureaus need more regulation as they have too much power over people's lives and most of the negatives are incorrect reports from greedy collection agencies.