"And hope that no third party ever misreports anything to your profile." If you've never been a victim to this then you don't understand how pernicious this sy

"And hope that no third party ever misreports anything to your profile." If you've never been a victim to this then you don't understand how pernicious this system is. Once one creditor does this, then all the other creditors automatically operate on that information. They don't double check, they don't notice the strangeness of the report, they don't care. Your credit changed, so your limits changed, so they want their money back NOW. It's a nightmare.