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This is a place for spontaneous ideas that I or others have, which have a measure of sense and usefulness, but which the poster is unlikely to pursue due to time or inclination. For me, mostly time. If you like the idea, take it and run with it. Please be kind enough to cite the post you used and/or tell me if it provided you with inspiration or proved helpful. Don't worry, I, and anyone who post and idea, won't sue, but we may ask to help. It is how you execute it that counts, not the idea. If the idea already exists, then please tell me so I can use it. Now, go make something useful!
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With the various cases of credit data getting lost or stolen (Social Security Administration, TJX among others), I have found that if I want to keep tabs on who is accessing my credit history, I have to pay one of the credit reporting agencies a monthly fee. This strikes me as strange considering it is my credit history. I generated it, thank you very much, and where fees and interest are involved, I paid for it.
There is a serious need of a consumer controlled credit reporting bureau. One where I get to see my data any time I want, have an easy way to correct problems and approve/reject requests to view it. Perhaps I could get money back when someone wants to view it.
Such a coop should also use alternative data on a person’s payment history: phone, gas and other utility bills. In this regard, at least Payment Reporting Builds Credit provides such an alternative.
