Then I fail to understand why we cant go after the Big 3 using libel laws.
It's one thing to say somebody is a smelly, poop-eating mongrel vs child rapist. One is an opinion and the other is a provable statement of fact. If, in fact, the child rapist epithet is false, it's libel.
Now, these companies are selling rights to loans, along with your information and a formula they use to equate it all. If the information is just not true and affects you negatively, "sue the bastards".
It might be because you agree to the credit bureau being used (you usually sign something) and the company pulling it pays for it.
It's not published in a public place so libel wouldn't apply (my guess anyway). Now if they put it up in the local bar (like bad checks used to be before they cracked down) then you might have a case.
It's one thing to say somebody is a smelly, poop-eating mongrel vs child rapist. One is an opinion and the other is a provable statement of fact. If, in fact, the child rapist epithet is false, it's libel.
Now, these companies are selling rights to loans, along with your information and a formula they use to equate it all. If the information is just not true and affects you negatively, "sue the bastards".