The deeper pockets wouldn’t be the problem. You give permission to financial institutions to share your data with the credit reporting bureaus, so good luck fighting that in court.
Do you really give permission/consent, or just accept the fact that you have no choice in the matter. A guy puts a gun in your face and says give me your wallet. You're not giving him permission to take your belongings. You're just doing what you have to do. Yes, I am equating the terms modern financial systems use as a gun in my face.