Isn't there a government regulatory body to keep an eye on creditors?

If there is, we haven’t found one. That either means that one either doesn't exist or is so inaccessible to consumers that it may as well not exist. The government does regulate lenders, but there is no regulation that says a lender should try hard to not foul-up your credit. Even if there were, it would represent just doing the bare minimum. Creditor Score gives higher scores to lenders who go above and beyond doing the minimum.

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