credit bureaus are fucking nonsense

Submitted ⁨⁨2⁩ ⁨months⁩ ago⁩ by ⁨aquafunk@lemmy.sdf.org⁩ to ⁨rant@lemmy.sdf.org⁩

equifax/transunion: we’re going to hold all your personal information in a database to “determine your credit worthiness.” don’t worry, it’s totally secure- WHOOPS, we got hacked! guess everyone has your personal information and phone number now

me: *uses a separate phone number for various purposes to manage spam and potential identify theft from data breaches

equifax/transunion: oh, look! we don’t care why, but there are “too many different phone numbers” being reported for you. we’re lowering your credit score

me: sigh 🤷

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undefined@lemmy.hogru.ch ⁨2⁩ ⁨months⁩ ago
Somewhat related: I just gave up on keeping a clean credit score. I realized now at 35 that I’m never going to own a house in my crazy expensive city, and I’m never going to buy a brand new car so what’s the use of having a great score?

I still pay off all my debt but I don’t give a fuck if I miss a payment when the greedy fucks are charging high interest anyway.

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- Lyra_Lycan@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago
  I tried keeping a lower credit score by making deals with demons and acquiring credit cards. The reason is I’ve heard having a higher score improves interest and mortgage rates for a home. Problem is, in my area at least, my credit only affects my score if I exceed £15,001 cumulative limit, and if I consistently use between 25% and 50% of said limit, constantly having loans of £3,750-£7,500. Being unemployed and finding it VERY hard to accept the prospect of corporate servitude, I will never have £15,000 in credit availability. Thus, I accepted that anything credit score is all bullshit and not even feasible.
  
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- aquafunk@lemmy.sdf.org ⁨2⁩ ⁨months⁩ ago
  
  I just gave up
  
  at some point, I realized I don’t ever want to be their idea of a perfect person to loan money to (read: perfect person to drown in debt and make as much money as possible from), and I wear that “unworthiness” as a badge of honor
  
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VagueAnodyneComments@lemmy.blahaj.zone ⁨2⁩ ⁨months⁩ ago
These fake ass credit scores don’t even follow you from country to country, they’re literally only there to disadvantage poor people and create opportunities for usury. I’ve seen people in the USA ascribe morality to their credit scores, but USA people are bootlicking scum by default so no surprise there I guess.

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- aquafunk@lemmy.sdf.org ⁨2⁩ ⁨months⁩ ago
  
  only there to disadvantage poor people
  
  it’s awesome how much money I’m paying various apartment management contractors to pull exactly the same data from exactly the same government agencies and credit bureaus. sometimes multiple apartments use the same application/screening contractor, but they wont re-use the data they pulled without charging me again - it’s not even a week old! some of these are public records they’re pulling! and I already have a current copy of my credit report I could provide them! they tried to legislate a ‘comprehensive reusable tenant screening report’ here (washington state USA), but it’s not mandatory to accept it 🤦the whole thing is scam after scam, double- and triple- dipping
  
  how much do you want to bet some people own apt management companies AND application/screening companies? if my finances were tight, applying for multiple places would be out of the question
  
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- littletoolshed@lemmy.world ⁨2⁩ ⁨months⁩ ago
  
  …but USA people are bootlicking scum by default so no surprise there I guess.
  
  Hey hey hey now, just most of us.
  
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  - VagueAnodyneComments@lemmy.blahaj.zone ⁨2⁩ ⁨months⁩ ago
    i wrote ‘by default’, obviously you’re cool
    
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evenwicht@lemmy.sdf.org ⁨4⁩ ⁨weeks⁩ ago

equifax/transunion: oh, look! we don’t care why, but there are “too many different phone numbers” being reported for you. we’re lowering your credit score

I treat all members of the credit bureau (all banks, insurance companies, etc) the same when it comes to info sharing, just as if it’s all the same org. Because they all share the info via the credit bureau. If you give a different number to every bank, every bank can see all the numbers you gave to other banks through the credit bureau.

I give just one useless number to all of them. A FAX number. Banks have no hope of getting me on the phone. But fuck them… they create this mess by joining the credit bureau. They’ve demonstrated that they cannot be trusted with useful info. So for self-defense, consider making every bit of info you give as useless as possible.

You might be interested to know that the phone numbers on your credit report never mention the source who reported the phone number, which is unlawful. I wrote this thread about it:

The law that all US credit bureaus violate, bluntly, simply because there is no enforcement mechanism: data source disclosure

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wesker@lemmy.sdf.org ⁨2⁩ ⁨months⁩ ago
I just find it annoying that when you pay off a loan, such as a vehicle, your credit score often gets heavily dinged FOR BEING DILIGENT AND PAYING OFF DEBT.

Clearly designed to encourage debt.

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