It would be an awful lot like the end of Fight Club. Destroy credit records, or reduce them to meaningless, either way the economy would collapse.

People can complain all they want about credit, but the reality is that it exists as a financial service because loaning things with interest is probably older than agriculture in human society. We've just gotten very good at risk assessment, and this going public would ruin our ability to assess risk for years.

Honestly, the credit industry ought to be the ones raging against Equifax's fuck up. If only all the other credit bureaus weren't on eggshells hoping they're not next.