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Threaten equifax and you disrupt the business model of an entire industry, the same one that's responsible for the economic collapse. Credit ratings from the 3
by propogandist 8y ago
Threaten equifax and you disrupt the business model of an entire industry, the same one that's responsible for the economic collapse.
Credit ratings from the 3 major providers are used by banks to assess credit worthlessness of personal loans. Naturally, the more data these firms have on people the better they can rate (perceived) risk. These 'data controllers' serve banks and corporations who make their billions on loans.
Disruption is not welcome. Anyone remember occupie wallst ?
- deleted 8y ago[deleted]
- gaius 8y agothe same one that's responsible for the economic collapse. Credit ratings of individuals (Equifax) are unrelated to credit ratings provided by companies such as Moody's for corporate and government bonds.
- tivert 8y ago> the same one that's responsible for the economic collapse. > Credit ratings of individuals (Equifax) are unrelated to credit ratings provided by companies such as Moody's for corporate and government bonds. It depends on how you look at it. They'll all part of the larger financial/banking industry.
- propogandist 8y agomy point exactly