> Outlaw all credit reporting agencies<p>Statements like those alienate the rational people who may have sympathy for your plight.<p>In itself, outlawing credit beureaus doesn't create any jobs. As a matter of fact, that would put people who work at credit reporting agencies out on the street.Yes, it's an unpopular business to be in for sure, but without some form of system to verify the creditworthiness of a person applying for a loan or credit, banks and lending institutions would have to return to the old ways of requiring letters of credit from your bank(s) and proof of employment, a time-consuming process that would have the effect of not only slowing the economy down, but also allowing for increased fraud in the transaction.<p>With a population in excess of 300 million people, a nationwide hawala wouldn't work. What needs to be done is reform the laws that govern the system to the benefit of the community, not outlaw agencies that aren't working in one's particular benefit.