A. Many times, private debtor information that is revealed to third parties in the chain of transmission from the debtor is unauthorized.

B. Due to outsourcing of various office services overseas, safeguarding of private debtor information is problematic at best.

C. The outsourcing of the handling of private debtor information to overseas parties is not covered and should be made illegal under the Fair Credit Reporting Act of 2004.

4. The amount of information gathered and considered in credit reporting should be increased.

A. Currently, people who should not get loans get them due to not enough information being gathered on their credit worthiness.

B. Increased information gathering would give many debtors who could not acquire credit a chance by giving them a chance to introduce more information...

Reform of the system will make lending more fair, efficient and secure as is happening now in Australia ("More comprehensive credit," 2004, 1) .
Works Cited

Federal Trade Commission, (2004). fair credit reporting act. Washington, D.C.:

Government Printing Office. Retrieved from www.ftc.gov/os/statutes/031224fcra.pdf.

Mistakes do happen: a look at errors in consumer credit reports . (2004, fJune).

Retrieved from http://web.archive.org/web/20060615092653/http://calpirg.org/CA.asp?i d2=14889&id3=CA&.

More comprehensive credit reporting the argument for more comprehensive credit reporting . (2004). Retrieved from http://www.alrc.gov.au/publications/55.%20More%20Comprehensive

%20Credit%20Reporting/argument-more-comprehensive-credit-reporting.