I like the way Germany has done it. They have one (as in exactly one) credit reporting agency. That way if there is bad data stored about you, there is only one

I like the way Germany has done it. They have one (as in exactly one) credit reporting agency. That way if there is bad data stored about you, there is only one place to correct it. They also have pretty clear ways of checking your info and correcting it. What's more important, this one agency is not a for profit entity. Instead it's a type of coop, and it's shareholders are all the users of the data, i.e. the banks and other financial service providers. Seems to avoid some of the conflicts of interest we are seeing with the American credit agencies.