Watch: John Oliver Discloses the Evil, Life-Ruining Ineptitude of Credit Reporting Agencies

A credit score may be the most important three-digit number in your entire life. Measuring credit enables businesses to know who to lend to. It’s critical to our economy.


“You might be surprised by just how many aspects of your life your credit report can affect,” said John Oliver, host of Last Week Tonight on Sunday.

“Because it’s not just banks deciding whether to lend you money; It’s also landlords deciding whether to rent you an apartment, insurers setting your rates and even employers deciding whether or not to hire you. Nearly half of employers look into credit when hiring. Just look into Craigslist, and you’ll see that credit checks are required in all sorts of jobs listings, from manager at Benihana in Cincinnati, to this one that reads, ‘Who runs those fireworks tents, it could be you! Application with good credit check required.' Which is clearly ridiculous. The only three digits they need to see.”

Equifax, Experian and TransUnion are the three big reporting firms and “all three aggressively model their products for uses beyond lending." “If you manage your credit well, it’s very likely that you’re going to manage your company’s money well,” said Maxine Sweet, former vice president of Experian.

“Is it though?" Oliver asked. "Because my credit is probably fine, but I routinely waste HBO’s money on stupid costumes, pyrotechnic displays and checkered dress shirts.” 

Oliver rolls out an incredibly evil parade of mistakes and life-ruining ineptitude common among credit reporting agencies.

Watch the full segment below:

#story_page_ below_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.