4 ms·

You said "don't need it, didn't ask for it". For that to be true, you would have never asked for credit, applied for loans, etc. Then the only information a C

You said "don't need it, didn't ask for it". For that to be true, you would have never asked for credit, applied for loans, etc. Then the only information a CRA would have had about you (if any) was public information that could be obtained elsewhere. So what information was disclosed that you should control and entitles you to a "cut" of anything, then?

specialist 7y ago
They profit from my data. I want my cut. There are alternatives to (economic) slavery and death. For personal credit scoring, in particular, I'd also accept either Sweden (https://en.wikipedia.org/wiki/Credit_score#Sweden https://en.wikipedia.org/wiki/Credit_score#Sweden) or Switzerland (https://en.wikipedia.org/wiki/Zentralstelle_für_Kreditinformation https://en.wikipedia.org/wiki/Zentralstelle_für_Kreditinform...) strategies. Both are civilized, transparent, accountable. Alas, sadly, no unnecessary corporate profiteering.
- g051051 7y ago
  > They profit from my data. I want my cut. You get your cut when you apply for cheap, fast credit and get it. > There are alternatives to (economic) slavery and death. How is any of this "slavery and death"? So instead your proposal is turning it over to the government? Interesting.
  - deleted 7y ago
    [deleted]
  - specialist 7y ago
    Apologies. I was so focused on explaining common sense and advocating my basic human rights that I missed your straw man. I regret the oversight. My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. My data is me. Anyone profiting from my data owes me my cut. Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. AKA royalties and licensing, respectively.
    - g051051 7y ago
      I overlooked your complete immunity to logic and facts. Apologies! > My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. And how would you prove those things to a prospective creditor? > My data is me. Anyone profiting from my data owes me my cut. It's not yours. It's the data that belongs to the credit grantors that provide it to Equifax. > Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. The "future profit" is CRAs establishing themselves as trusted aggregators of this information for their customers, and therefore getting repeat business. And again, it's not your data.
      - specialist 7y ago
        Corporations can patent life (genes), but I can't copyright mine? You trust corporations, but not governments, to maintain a list of liens (unpaid debts)? "It's not yours. It's the data that belongs to the credit grantors..." Who owns your medical history? The lab company? Your care providers? Big Pharma? The hospital IT dept? Is your medical data is yours? Do you have some righteous sovereignty over it, how it's used, who gets to use it? If yes, how are medical and financial data different?
        g051051 7y ago
        I would be very happy if corporations couldn't patent genes, and if financial data was treated the same way HIPAA data is treated. But the reality is that it's not like that now. And that means convincing lawmakers to change the rules, and that means having an intelligent and informed opinion on the matter. Just to make my position clear: We need a better way of establishing identity. We need tougher standards for credit grantors to use these better standards. We need better control over financial data misuse. The systems we have are insufficient.
esrauch 7y ago
I participate and it isn't like there's a check box where one said "pay an additional $100" and the other said "leave yourself open for really pretty easy future credit theft for the rest of your life". I know for sure that I'd rather take extra burden for any future credit checks, but in my experience it isn't even possible to get the . I've not been fully able to consistently freeze my credit with all three major agencies and not for lack of trying (several times of very slow correspondence that claims "insufficient identifying evidence"). The fact that its drastically harder for me to freeze my credit than it is to open a new credit card at a brand new address is just batshit insane.

specialist 7y ago

They profit from my data. I want my cut. There are alternatives to (economic) slavery and death. For personal credit scoring, in particular, I'd also accept either Sweden (https://en.wikipedia.org/wiki/Credit_score#Sweden https://en.wikipedia.org/wiki/Credit_score#Sweden) or Switzerland (https://en.wikipedia.org/wiki/Zentralstelle_für_Kreditinformation https://en.wikipedia.org/wiki/Zentralstelle_für_Kreditinform...) strategies. Both are civilized, transparent, accountable. Alas, sadly, no unnecessary corporate profiteering.

g051051 7y ago
> They profit from my data. I want my cut. You get your cut when you apply for cheap, fast credit and get it. > There are alternatives to (economic) slavery and death. How is any of this "slavery and death"? So instead your proposal is turning it over to the government? Interesting.
- deleted 7y ago
  [deleted]
- specialist 7y ago
  Apologies. I was so focused on explaining common sense and advocating my basic human rights that I missed your straw man. I regret the oversight. My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. My data is me. Anyone profiting from my data owes me my cut. Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. AKA royalties and licensing, respectively.
  - g051051 7y ago
    I overlooked your complete immunity to logic and facts. Apologies! > My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. And how would you prove those things to a prospective creditor? > My data is me. Anyone profiting from my data owes me my cut. It's not yours. It's the data that belongs to the credit grantors that provide it to Equifax. > Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. The "future profit" is CRAs establishing themselves as trusted aggregators of this information for their customers, and therefore getting repeat business. And again, it's not your data.
    - specialist 7y ago
      Corporations can patent life (genes), but I can't copyright mine? You trust corporations, but not governments, to maintain a list of liens (unpaid debts)? "It's not yours. It's the data that belongs to the credit grantors..." Who owns your medical history? The lab company? Your care providers? Big Pharma? The hospital IT dept? Is your medical data is yours? Do you have some righteous sovereignty over it, how it's used, who gets to use it? If yes, how are medical and financial data different?
      - g051051 7y ago
        I would be very happy if corporations couldn't patent genes, and if financial data was treated the same way HIPAA data is treated. But the reality is that it's not like that now. And that means convincing lawmakers to change the rules, and that means having an intelligent and informed opinion on the matter. Just to make my position clear: We need a better way of establishing identity. We need tougher standards for credit grantors to use these better standards. We need better control over financial data misuse. The systems we have are insufficient.

esrauch 7y ago

I participate and it isn't like there's a check box where one said "pay an additional $100" and the other said "leave yourself open for really pretty easy future credit theft for the rest of your life". I know for sure that I'd rather take extra burden for any future credit checks, but in my experience it isn't even possible to get the . I've not been fully able to consistently freeze my credit with all three major agencies and not for lack of trying (several times of very slow correspondence that claims "insufficient identifying evidence"). The fact that its drastically harder for me to freeze my credit than it is to open a new credit card at a brand new address is just batshit insane.