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:
“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)
“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)