Fico,MedFico and privacy issues

OK,here i am,back again with even yet more (to me)disturbing news.I suppose that most,if not all of you are at least some what familliar with your FICO score and your credit report,you know,the report that is on file with the big three credit reporting bureaus like experian,transunion and equifax,well now i understand that Doctors and Hospitals are signing up for a MEDFICO industry,this is so the hospitals and doctors will know,before you see them,or before you are admitted to a hospital,exactly haw you paid,or didn't pay your last hospital or doctor bill.Now personaly,i do not relish having some one whom i have never met telling some one else (a bank,a loan company ect.ect.) that Mr.Mitchum(me) is going to default on a loan if you give it to him,all these people have are a lot of numbers on paper,and they dont care what the circumstances were that caused these figures to appear there,since the 1980's,file upon file on every thing you have purchased,whether you did or did not default,has been recorded on paper,and now,with the advent of the computer age,it is in the big computer in the sky,just floating around out there in cyber space,waiting for some bright person or whoever,to pick it out of all that info.Maybe thats what all this identity theft is all about anyway,now i know that human beings are blessed (or cursed) with an inate talent for compartmentalizing every thing,this is,after all,one of the reasons that we are on top of the proverbial food chain.
With the big three out there getting all this information,and then placing it out in cyber-space,is it any wonder that the crime of identity theft is rising?With the big three collecting all this information and then sharing it with all the other big bussiness's,then could it possibly be that some one out there,in an effort to get what they see others with,lets say a new car,could possibly come to the conclusion of "hey,john doe has a great credit score,lets take his name,get a new car,and let them suffer if we dont pay for it"Now i know that this may sound far fetched or too simplistic,but you have to agree with me when i say that if there were NO credit scores,NO fico scores,then the possibility of some one stealing your Identity would be some what reduced,in other words,if the big three did not strive to collect all the information they can get on anyone,then the possibility of some one stealing it would be greatly reduced.
Now lets move on to another possibility,if these companies were restricted,put out of bussiness and all FICO,Credit scores and reports were to be discarded,if every one in America now living,were to be given a clean slate,dont you think the U.S. economy would be better off?Think about it,all those people with the exact thing,no credit report for a bank to research in order to grant or deny a loan,all those car dealerships with no way to check to see all of your info,there would be a veritible spending frenzy in America,every one would be buying like there were no tomorrow.Here again,this may sound too simplistic on the surface,too cut and dried,but then again all i am saying is that you should think about it.Now granted,knowing as i do,the greed that seems to have taken over the bussiness world of America,i doubt that this plan will ever materialize,i seriously doubt that anyone in bussiness is going to throw away the oportunity of trying to have a sure thing or to insure that the loan,the car or anything else will never be paid for,but i have faith in my fellow Americans,still think that the vast majority of us are honest,hard working citizens,i think that it would be good for America and good for the American citizen to do away with the big three credit reporting agencies.

Story ID:	3426
Written by:	Bobby O'neill Mitchum (bio, contact, other stories)
Story type:	Musings, Essays and Such
Location:	Phenix City Alabama U.S.A.
Year:	2008
Person:	Self