End credit reporting companies. None of us signed up to be tracked by these companies. And they have repeatedly shown they aren't trustworthy with the information they collect. Whether that be making our lives harder with 'glitches' like this, or getting hacked and leaking private information to people seeking to commit identity fraud. They shouldn't exist.
I hate getting emails from them because they insist on calling me a customer. Bitch, I didn’t choose you, and I can’t switch away or stop using you. How the fuck am I a “customer?”
You mean the bullshit score that means nothing and nobody agreed to back in 1989? Why are the companies located in South America and basically nobody knows anything about them?
Sounds like some bs that needs to be taken out.
And why has all of my information been stolen from them multiple times and all I get is a forever subscription to Lifelock which also sucks terribly?
It’s funny because in South America, at least countries I know, we don’t have to deal with credit score like we do in Canada. Pretty much everyone has access to credit and most banks just have their own credit system that works better than Equifax. In Brazil there’s Experian doing something similar but banks don’t blindly rely on it and most people don’t even know or care this system exists.
There’s no “spend about 30% of your credit” bullshit. Want a credit card? Here’s one. Want to spend all of it? Go ahead, just pay for it on time. No adults waste time tracking or worrying about credit scores, unless you reach real bankruptcy.
There have been a number of attempts in Canada to sue credit agencies for libel. None have succeeded so far, largely because the cases have been a bit murky.
This one seems really clear cut though. I really wish this person would try to sue for libel. A successful precedent could end up drastically changing the way credit scores work in Canada. The credit agencies might suddenly find themselves having to be accountable for their sketchy practices. Imagine that!
Years ago my credit score tanked to the mid 600s because they were reporting the limit on my cellphone plan as $70, so even though I had auto payment set up had never missed a payment in the 5 years I'd had the account, it was reporting as $60/70 utilized.
I was getting docked for "high utilization", even though the credit card that was connected to that account had a $25000 limit and was fully paid off every month.
3 months ago my mortgage showed up on my credit report, after not showing up for a year, and it dropped my score by 40 points until last week when it magically went back.
I'm in favour of the idea of credit reporting, there are a lot of people that abuse the system, and I think the lenders have a right to know if the person taking out a loan has a history of defaulting/missed payments or is carrying 6 figures of credit card debt, but assigning it a number seems so arbitrary.
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