http://www.bankrate.com/brm/news/cc/20000428.asp The reason is patently obvious i.e. to gouge the consumer. B: Lenders are increasingly monitering the customers credit files in the hope of seeing just one late 30 or drop in the credit score as justification for jacking up their rates to penalty rates. After all they have to earn back some of the BRIBE MONEY they paid congress to institute this law. Only one problem, it seems that the former practise has pissed of the CRA's who voricifely sponge any information they can about the consumer so they can procede to sell it nationwide for a big fat profit. Not having these accounts being reported leaves a hole in their records and gains them less $$. So in response the CRA's have blocked off these companies access to their credit services. And while sure they can get the info about a person by purchasing info from some data or marketing firm they sure as hell can't get the immediate negatives or a drop in a credit score that constant monitering does meaning in this one case the CRA's have saved you from being RIPPED OFF even further by your creditor. As Creditworks has always maintained "the banks' greed can work against them".