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So I got to wondering:<br />
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How can companies keep and share all the personal information that is stored in our credit reports and history without our explicit permission? &nbsp;Is there a law saying that my payment history, loan history, or credit card history is public information? &nbsp;What gives all these companies the right to share all this information with other companies?<br />
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Also, what law says that a company can CHARGE for our score when this score seems to run our lives? &nbsp;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? &nbsp;<br />
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I am not looking for reasons why FICO exists, I already know this. &nbsp;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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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.

FICO justification

A miscellany is defined as a "collection of various pieces of writing by different authors", but it has come to mean something "Of items gathered or considered together of various types or from different sources" or "a collection or group composed of members or elements of different kinds". The word "miscellaneous" comes from the Latin word "miscere", meaning "to mix." You might have heard the expression "a mixed bag," which applies when you don't quite know what you're going to get. More commonly, a miscellaneous group is made up of an odd group of things that don't fit anywhere else.