I saw a few articles of credit reporting company’s involvement to detect public fraud, which is good, but at the same time it’s scary that they can be bounty hunters since they will be rewarded based on their detection.
What makes me worry is surely excessive access to individual information, because some news said “involves checking people’s household spending” .

I’m very concerned about this movement and please enlighten me if the credit reference agencies can actually do the following things without our agreement or if required (and if you ask or allow them to do) for my general knowledge:
- Can they access to our bank account and see the detail in & out, namely detail bank statement? If so, can they access from the inception of the account or just limited period?
- Can they randomly ask utility companies to check our past payment records & payment methods?
- Can they ask the retailers who searched my credit report to provide them all the purchase & payment method details?

Appreciate your insight / advice.

Thank you.

Gabriel S.