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FICO justification

So I got to wondering:

How can companies keep and share all the personal information that is stored in our credit reports and history without our explicit permission?  Is there a law saying that my payment history, loan history, or credit card history is public information?  What gives all these companies the right to share all this information with other companies?

Also, what law says that a company can CHARGE for our score when this score seems to run our lives?  If this FICO score is integrated into our lives the way it is, shouldn't we have the right to know what these companies are scoring us?  

I am not looking for reasons why FICO exists, I already know this.  I'm asking for the laws that permit it to happen and also permit these companies to charge us for the score that they gives other companies that have lifelong affects on our lives.
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Dave BaldwinFixer of ProblemsCommented:
Every credit application you have ever filled out has language that says they can do that.  That language also never gave us the right to review it but Congress finally did.  Companies can charge for their services unless someone makes a law saying they can't.

You're looking at this a little backwards.  People and companies can do what they until a law is passed that says they can't.  No law needs to be passed to say they can.
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