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> Equifax (and the other 2) get to define creditworthiness for all these other businesses. They do not. The CRAs provide the information, and the individual b
by g051051 8y ago
> Equifax (and the other 2) get to define creditworthiness for all these other businesses.
They do not. The CRAs provide the information, and the individual businesses decide what their limits are. A lot of businesses standardize on FICO scores, which just use CRA data. So a business decides what's acceptable, based on the info from CRAs and the model from FICO.