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or a mortgage, credit card, or bank account, yep. There is easily a 10x difference in insurance prices between "known good customer" and "probably fraudulent c
by londons_explore 2y ago
or a mortgage, credit card, or bank account, yep.
There is easily a 10x difference in insurance prices between "known good customer" and "probably fraudulent customer" - and that difference is the difference between being able to own your own house (with mortgage to begin with) and renting for life.
Most people would value owning their own home over having some computer system using their data to select one ad over another.
- namaria 2y agoWhile there might be such a difference in price, equating trying to avoid data collection through legitimate means with being flagged as a probable fraudster and having to pay 10x is not sound reasoning. If people were routinely getting gauged like this for trying to opt out of something, there would be a pretty huge story in that and I doubt it would go unreported.
- brewdad 2y agoWould these people necessarily know? I mean, if I'm getting quoted $10,000 a year to insure my car and my neighbor pays $1,000 for a similar car, I'm going to notice. But if I'm getting quotes of $1,200 or $1,500 would I know my thin data file is costing me money rather than some other mystery factor? Rinse. Repeat for loans a half percent to a full percent higher than my credit score should otherwise get me.
- deleted 2y ago[deleted]