Abuse
Astute consumers and criminals have been able to exploit weaknesses in credit scoring systems to commit fraud. For example, previous ownership of a credit card may significantly increase an individual's ability to obtain further credit, while privacy issues may prevent a fraud from being exposed.
Read more about this topic: Credit History
Famous quotes containing the word abuse:
“Let us not forget who we are. Drug abuse is a repudiation of everything America is.”
—Ronald Reagan (b. 1911)
“Hence, the less government we have, the better,—the fewer laws, and the less confided power. The antidote to this abuse of formal Government, is, the influence of private character, the growth of the Individual; the appearance of the principal to supersede the proxy; the appearance of the wise man, of whom the existing government, is, it must be owned, but a shabby imitation.”
—Ralph Waldo Emerson (1803–1882)
“Children are extraordinarily precious members of society; they are exquisitely alert, sensitive, and conscious of their surroundings; and they are extraordinarily vulnerable to maltreatment or emotional abuse by adults who refuse to give them the profound respect and affection to which they are unconditionally entitled.”
—Wisdom of the Elders, quoted in Kids Are Worth It, by Barbara Coloroso, ch. 1 (1994)