General Discussion

customerserviceguy

(25,406 posts)

71. Credit scores

Sun Jul 28, 2013, 02:01 PM

Jul 2013

are about people who use credit. Lenders just want a way to figure out who has been able to do so wisely.

Here's the best analogy I can think of: If you have a person who never had access to hard beverages, could you say that they were definitely not an alcoholic? Of course not, it would be how they handled exposure to the availability of those drinks that would give observable behaviors that could lead to a diagnosis.

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Oregon woman awarded $18.6 million after Equifax failed to fix errors on her credit report [View all] FourScore Jul 2013 OP

Good for her! Credit reporting agencies should be illegal. Zorra Jul 2013 #1

The entire credit rating SYSTEM should be illegal meow2u3 Jul 2013 #3

+1 Dawson Leery Jul 2013 #4

Correct! mbperrin Jul 2013 #16

It needs to be abolished. It has become a bully system, hasn't it? nt Sarah Ibarruri Jul 2013 #27

Exactly, I think one of the quick fixes for many of our economic problems would be to... rwsanders Jul 2013 #30

Yep. mbperrin Jul 2013 #15

It is these credt agencies that will be deciding your eligibility for Obamacare Demeter Jul 2013 #19

If that were the case customerserviceguy Jul 2013 #33

Why are you calling hard working people "deadbeats"? juajen Jul 2013 #59

I'm not talking about "hard working people" customerserviceguy Jul 2013 #66

An accident, a serious illness, a layoff, etc. can turn people into "deadbeats" pretty quickly. Arugula Latte Jul 2013 #61

I know customerserviceguy Jul 2013 #69

i hate them and what they do to people Liberal_in_LA Jul 2013 #37

That would violate the First Amendment treestar Jul 2013 #57

+1 limpyhobbler Jul 2013 #67

The Judge will most certianly "Reduce" remitter the Verdict warrant46 Jul 2013 #2

Either that or Equifax will tie up the complete settlement for years until rhett o rick Jul 2013 #7

This is true, but that's not the important thing here Sarah Ibarruri Jul 2013 #28

I am sorry, I dont understand. These agencies wield a lot of power. If that power is rhett o rick Jul 2013 #41

I disagree. There have been numerous lawsuit wins against the Big Three. They don't change. Kennah Jul 2013 #43

It's just a cost of doing business for them jberryhill Jul 2013 #51

Zachary! Kennah Jul 2013 #90

With this sort of things happening all the time, Curmudgeoness Jul 2013 #5

they keep super accurate records of the elites . politicians, celebrities, and the 1% Liberal_in_LA Jul 2013 #38

They only care to the extent the law requires it. Gormy Cuss Jul 2013 #60

K & R SunSeeker Jul 2013 #6

K&R Sherman A1 Jul 2013 #8

Today's really good news story. dipsydoodle Jul 2013 #9

Good!!!! MotherPetrie Jul 2013 #10

How about a new law that requires substantial or compelling reasons for a court to adjust jury Egalitarian Thug Jul 2013 #11

Yes!! nt Sarah Ibarruri Jul 2013 #29

This message was self-deleted by its author freshwest Jul 2013 #12

Finally, a Victory for Consumers tonekat Jul 2013 #13

K&R forestpath Jul 2013 #14

My father and I have the same name. Just after my parent's divorce, his credit was awful. Thor_MN Jul 2013 #17

And a nice beating for the CEO! mbperrin Jul 2013 #18

Somewhere right now on Right Wing Talk Radio ... Snake Plissken Jul 2013 #20

This is great!!! lost-in-nj Jul 2013 #21

my husband just got a letter that LittleGirl Jul 2013 #22

Nice Matariki Jul 2013 #23

I had a similar experience. It led me to the conclusion that credit scores are total BS. VPStoltz Jul 2013 #24

There's a process for fixing errors customerserviceguy Jul 2013 #34

You obviously never had to deal with them in fixing errors. hobbit709 Jul 2013 #36

"I've got mine, fuck you" seems to be their mantra. 2ndAmForComputers Jul 2013 #39

kind of his m.o. HiPointDem Jul 2013 #47

If my "m. o." customerserviceguy Jul 2013 #65

Actually, I have customerserviceguy Jul 2013 #63

We get downgraded because we have ONE credit card that we pay in full each month SoCalDem Jul 2013 #40

never been in debt except for a mortgage, don't use credit, never had even a late bill. but HiPointDem Jul 2013 #46

If you don't need credit customerserviceguy Jul 2013 #64

Not "concerned".. just was curious (when we looked into doing a re-fi) SoCalDem Jul 2013 #68

Credit scores customerserviceguy Jul 2013 #71

Fuck these companies hueymahl Jul 2013 #25

GOOD, they ignored her when she attempted to fix the problems JI7 Jul 2013 #26

Good. But they will immediately move for the judge to reduce the award or for a new trial. AnotherMcIntosh Jul 2013 #31

I worked for a credit bureau in the late 1960's SheilaT Jul 2013 #32

yes, let's not name children after their parents because that makes life harder for the incompetent HiPointDem Jul 2013 #45

It can also make life difficult for those children themselves. SheilaT Jul 2013 #54

no, corporations like equifax make life difficult for those children. HiPointDem Jul 2013 #80

"a recipe for disaster" because they hire careless workers- or have poor checks and balances? bettyellen Jul 2013 #53

Credit bureaus are in the business of keeping Jr. & Sr.'s records straight. Gormy Cuss Jul 2013 #62

Yes, they are. SheilaT Jul 2013 #74

Interesting davidpdx Jul 2013 #35

If you're going to run a gossip sheet for bankers, you'd better check your facts. nt eppur_se_muova Jul 2013 #42

good. HiPointDem Jul 2013 #44

Finally davidohenry Jul 2013 #48

note davidohenry Jul 2013 #49

I had this happen when I applied for the loan you get for the 3 month period between the end of law Dustlawyer Jul 2013 #50

Considering what she went through and the indifference of Equifax DFW Jul 2013 #52

They'll appeal and pay nothing. That's how things work in the USA. nt valerief Jul 2013 #55

Yup. ctsnowman Jul 2013 #58

Great! But I seriously doubt she will ever receive her judgement in that amount. nt NorthCarolina Jul 2013 #56

Credit rating agencies ARE a violation of our 4th Amendment rights railsback Jul 2013 #70

If the government was running them, you'd have a point customerserviceguy Jul 2013 #72

The system isn't built to work on 'cash' railsback Jul 2013 #73

Exactly customerserviceguy Jul 2013 #77

How is the decked stacked in ANY consumer's way railsback Jul 2013 #84

No, they are not. tritsofme Jul 2013 #75

Did I say Credit agencies are part of government? railsback Jul 2013 #76

Why don't you spell out customerserviceguy Jul 2013 #78

Then I have no idea what you are talking about. tritsofme Jul 2013 #79

So private entities make their own laws. railsback Jul 2013 #81

No, it just sounds like you are confused. tritsofme Jul 2013 #82

I have no confusion railsback Jul 2013 #83

Ok, but again, there is not a Fourth Amendment issue, and you do not seem to be arguing otherwise. tritsofme Jul 2013 #85

Why would a job depend on my credit rating? railsback Jul 2013 #86

I repeat once again, what does this have to do with the 4th Amendment? Thanks. tritsofme Jul 2013 #87

Fuck. I live in Salem right now. cliffordu Jul 2013 #88

K & R Scurrilous Jul 2013 #89