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>So why can't I have a mobile app (or three) for free Yes, and I think it's a bigger question of why we have so little control over or access to our own data i

>So why can't I have a mobile app (or three) for free Yes, and I think it's a bigger question of why we have so little control over or access to our own data in the first place? It's a racket that they monetize our data by selling it to others, then charge us again to access and protect it. And, if you've ever had to go through the pain of having something corrected in a timely fashion, then you know it's doubly-maddening. They are purposely opaque and byzantine. Yet, without our data, they'd have no business.

ChrisLomont 9y ago
>Yet, without our data, they'd have no business Yet, without credit rating agencies, you'd get no loans.
- jack_kc 9y ago
  This kind of thinking is what allows these companies to get away with this kind of incompetence. Loans were given before credit rating agencies existed. This incident shows how flawed our current system is.
- llsf 9y ago
  There is no such agencies in lots of countries (e.g. France) and still people get loans. When I came to US, I had to purposely take extra credits/loans to boost my inexistent credit history. Now I am credit worthy thanks to my artificial debt.
  - umanwizard 9y ago
    I'm not arguing against you, just curious... in France, what prevents people from just applying for loans over and over and never paying them back?
    - tpxl 9y ago
      There are other means to determine whether someone is eligible for a loan (wages, collateral, family support...).
- dragonwriter 9y ago
  > Yet, without credit rating agencies, you'd get no loans. Loans existed for millenia before credit rating agencies, so that seems unlikely. It's more likely that the people getting the best loans terms today would pay a higher cost for borrowing without credit rating agencies, and that credit references would be more important, though.
- unclebucknasty 9y ago
  Not true. But, even if it were, there's no requirement that they operate as they do.

ChrisLomont 9y ago

>Yet, without our data, they'd have no business Yet, without credit rating agencies, you'd get no loans.

jack_kc 9y ago
This kind of thinking is what allows these companies to get away with this kind of incompetence. Loans were given before credit rating agencies existed. This incident shows how flawed our current system is.
llsf 9y ago
There is no such agencies in lots of countries (e.g. France) and still people get loans. When I came to US, I had to purposely take extra credits/loans to boost my inexistent credit history. Now I am credit worthy thanks to my artificial debt.
- umanwizard 9y ago
  I'm not arguing against you, just curious... in France, what prevents people from just applying for loans over and over and never paying them back?
  - tpxl 9y ago
    There are other means to determine whether someone is eligible for a loan (wages, collateral, family support...).
dragonwriter 9y ago
> Yet, without credit rating agencies, you'd get no loans. Loans existed for millenia before credit rating agencies, so that seems unlikely. It's more likely that the people getting the best loans terms today would pay a higher cost for borrowing without credit rating agencies, and that credit references would be more important, though.
unclebucknasty 9y ago
Not true. But, even if it were, there's no requirement that they operate as they do.