If you make credit reports less informative, the natural consequence is to make the result of extending credit less predictable, and therefore make the cost of

If you make credit reports less informative, the natural consequence is to make the result of extending credit less predictable, and therefore make the cost of credit higher and the availability lower. I do not assert that the costs are greater than the benefits of such a policy, but I do think that attempts to define and measure those effects should inform the policy.