Once in a while, basic information such as name, address, and contact numbers are collected from people when they applied for a service or purchased a product. A consumer reporting agency also collects these personal information from individuals and also their credit activities. An important job of these agencies is to keep every consumers data safe and private.
If an individual decided to increase their credit card limit or want to purchase a house or a luxury car, these data will be made available to investigate whether that individual is creditworthy or not. But if an employee of the reporting agency reveals information of a consumer without authorization, they will need to pay a fine and/or will face two years in jail.