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> you can already "opt out" by not getting a loan Just wanted to comment on this to say: This is impossible. The reason why it's impossible is subtle because i

> you can already "opt out" by not getting a loan Just wanted to comment on this to say: This is impossible. The reason why it's impossible is subtle because it comes from a source you'd not expect: Utility payments (power, gas, water, sewer, cable, internet, satellite, etc.). Utilities are always charged and paid for after they're delivered, and are thus loans and reported to the credit bureaus. Also, credit bureaus don't just report on loans/debts. They also report on public proceedings that may or may not have financial consequences. And your employment record is also reported by many company's HR departments to these same bureaus. So, short of going Ted Kaczynski (and even he had enough of a public presence to probably also have a credit report), you will exist in all of Credit Bureaus' databases.

adrr 4y ago
https://joindeleteme.com/blog/how-to-remove-yourself-from-experian/ https://joindeleteme.com/blog/how-to-remove-yourself-from-ex... Outside of loans that will opt you out of Experian selling your data. You should also opt out from your bank that sells your financial transactions to Bloomberg so hedge funds can front run earnings and business’s who can determine if your a big spender or not.
bombcar 4y ago
You can avoid the utility thing but it's hard. One way is a landlord who does NOT report - there are more of these than you'd think; many single-family home landlords are so small they don't really bother. You can also do some trickery with companies (LLC or other) but the lawyer costs and annoyance may be high. But utilities are setup to bill companies with basically no credit (worst case you deposit or pre-pay). Experian claims utilities don't report unless you don't pay: https://www.experian.com/blogs/ask-experian/can-unpaid-utility-bills-appear-on-your-credit-report/ https://www.experian.com/blogs/ask-experian/can-unpaid-utili... but I don't know if I'd trust it, and they obviously "reserve the right" to do so.
- tjrDL6MjB2Zwwa 4y ago
  > Experian claims utilities don't report unless you don't pay: https://www.experian.com/blogs/ask-experian/can-unpaid-utili https://www.experian.com/blogs/ask-experian/can-unpaid-utili... but I don't know if I'd trust it My experience is that this is true. I literally have no credit, as in, reports from all 3 credit agencies returns with nada. mid-40's and I made this decision in college, and don't regret it. I certainly have utility bills. There may be exceptions out there, but not in any of the municipalities I've lived in over the years.

adrr 4y ago

https://joindeleteme.com/blog/how-to-remove-yourself-from-experian/ https://joindeleteme.com/blog/how-to-remove-yourself-from-ex... Outside of loans that will opt you out of Experian selling your data. You should also opt out from your bank that sells your financial transactions to Bloomberg so hedge funds can front run earnings and business’s who can determine if your a big spender or not.

bombcar 4y ago

You can avoid the utility thing but it's hard. One way is a landlord who does NOT report - there are more of these than you'd think; many single-family home landlords are so small they don't really bother. You can also do some trickery with companies (LLC or other) but the lawyer costs and annoyance may be high. But utilities are setup to bill companies with basically no credit (worst case you deposit or pre-pay). Experian claims utilities don't report unless you don't pay: https://www.experian.com/blogs/ask-experian/can-unpaid-utility-bills-appear-on-your-credit-report/ https://www.experian.com/blogs/ask-experian/can-unpaid-utili... but I don't know if I'd trust it, and they obviously "reserve the right" to do so.

tjrDL6MjB2Zwwa 4y ago
> Experian claims utilities don't report unless you don't pay: https://www.experian.com/blogs/ask-experian/can-unpaid-utili https://www.experian.com/blogs/ask-experian/can-unpaid-utili... but I don't know if I'd trust it My experience is that this is true. I literally have no credit, as in, reports from all 3 credit agencies returns with nada. mid-40's and I made this decision in college, and don't regret it. I certainly have utility bills. There may be exceptions out there, but not in any of the municipalities I've lived in over the years.