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credit rating agencies whats the point


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At the risk of being naive , I have to ask what the history of Cras is in the u.k . how long have they been operating and what is their mandate , on principle I object to private companies collecting information on myself , and on reading one credit report I was shocked at the huge source of info that was being collected on oneself .I never authorised it and I have been told Cras are illegal in France due to their privacy laws , Is this true?

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