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:

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