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)
“Liberty is the air that we Americans breathe. Our Government is based on the belief that a people can be both strong and free. That civilized men need no restraint but that imposed by themselves against the abuse of freedom.”
—Franklin D. Roosevelt (1882–1945)
“And then, Sir, there is this consideration, that if the abuse be enormous, Nature will rise up, and claiming her original rights, overturn a corrupt political system.”
—Samuel Johnson (1709–1784)