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So I checked their site and lo and behold I'm in the estimated 44% of Americans affected by this. Here's my question, how can we, as a massive group, get some
by manyxcxi 9y ago
So I checked their site and lo and behold I'm in the estimated 44% of Americans affected by this.
Here's my question, how can we, as a massive group, get some type of recourse?
I'm not talking about suing for money necessarily, I don't need it (though if I suffered some financial loss I'd at least like to be made whole).
I don't get it, the only reason identity theft is valuable is because companies like Equifax have inserted themselves into the process.
They've turned what should be public information into information that has so much ability to cause harm to our records (that we may never have asked Equifax to keep on us in the first place) that now we have to fight to protect all this data, when we're not even the ones attempting to put value to it.
So then Equifax offers identity monitoring services at a price. Then they leak most of their data. Then they offer their monitoring services to us, because now they're more needed than ever. So I'm gonna let the drug addled burglar watch the dog for me when I leave town?
You can't really not play the game, but even if you try not to they're still using you as a pawn.
Wouldn't it make sense to treat identity theft as a crime where the lending institution was stolen from? Why couldn't I sue Equifax et al. for libel when they have incorrect records on me that they won't remove in a timely fashion?
Luckily for my I've got a guy that manages my finances to a degree, and part of it is keeping tabs on anything showing up in my credit profile- but now I'm a juicy target because all I did was pay back any money I've ever borrowed in a timely fashion like I said I would?
- busterarm 9y ago86% of all US credit card holders (of which there are only 167 million)
- cjsawyer 9y ago"only"
- milsorgen 9y agoOut of 250 million adults that seems lower than I would of thought.
- busterarm 9y agoMany things add up here. 2/3 of millennials don't have a credit card. That's about 52 mil you take away there. Then you have about 3 million Muslims in the US, who depending on religious observance may not be using credit cards. Then you have all of the people whose income is low enough that credit cards aren't even a consideration.