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Freezing credit needs to be free and one button until we have this fixed. Freezing and unfreezing needs to happen quickly. We also need to know every time our
by drawkbox 9y ago
Freezing credit needs to be free and one button until we have this fixed. Freezing and unfreezing needs to happen quickly.
We also need to know every time our credit is accessed and updated, not monthly like current reports, realtime.
This right should be in the digital Bill of Rights that need to happen as well that you should be able to protect yourself in the case of a breach at no cost to you.
Blockchain seems like the direction, but with how slow we move in everything legislatively, we need something now that allows freezing to be free, fast and easy.
The three credit bureaus, because they are in a fixed market and not truly in a competitive fair market with a privileged position, they got lazy just like the ratings agencies during housing crash. Lack of focus on their core missions due to no competitive threats.
- Groxx 9y agoFreezing I can see being fast and easy. At best you can troll someone by freezing their credit at an inopportune time - which might cause them to lose money, but less likely in general, surely. Unfreezing? The whole point is to delay access, it can't be fast or it defeats the purpose. "They" have everything they need to unfreeze (otherwise why would freezing be necessary), so the only real protection you have is to forcibly delay access until you can prevent it.
- anarazel 9y agoIt's not hard to come up with a scheme where it's fast to unfreeze when you have a key generated while freezing.