3 ms·
Perhaps but the people most affected by this are also the least able to do anything about it because if 25 points was enough for you to be denied, you are alrea
by bragr 4y ago
Perhaps but the people most affected by this are also the least able to do anything about it because if 25 points was enough for you to be denied, you are already pretty economically marginal.
- mikece 4y agoThis is PRECISELY why Equifax needs to have the hammer dropped on them: they are screwing the people who need a break the most, and this is in situations where people cannot select a credit reporting agency. Equifax an involuntary monopoly where service providers/retailers only use Equifax (or use them and one other agency but default to the lower credit score because reselling those loans nets more of a referral fee to the dealer/retailer in question).
- feet 4y agoThe same is true about policing and ticketing/fines. I know this is a bit of a tangent, but people who are already on hard times are the ones getting policed and fined the hardest and they're the ones that fines and penalties have the biggest impact on.