The mechanics are no different from giving your info to a potential landlord for them to do a security check. So in that respect, the system is working exactly

The mechanics are no different from giving your info to a potential landlord for them to do a security check. So in that respect, the system is working exactly as intended. The difference is, this allows somebody to do a non-consensual credit check on you. Not to mention the whole other raft of problems brought on by the credit reporting industry.