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If this is really going on, it's going to open a can of worms as big as the predatory lending scandal.

Here are seven short videos taken from hearings on the problems created by credit bureaus.

Credit Bureaus Under Fire! Part 1:

Yes, he's a mushmouth. What do you want?

Yesssssssss!!! You can do this to your credit cards even before you've paid them off--keeps you from using them while you get out from under.

Two things: the jaw-dropping extent of the problem, and the contrast between actual news and the superficial fluff we usually get here in the U.S.

You can interpret this video as a commercial for MyRichUncle.com, but it explains how students and parents have been cheated by financial aid offices for years.

This video is from the FTC and details how you can protect yourself from identity theft and what to do if it happens to you.

So that's how it happened. Sharpen your pitchforks!

Why you should never, EVER, get a cash advance on your credit card.