Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

It is kinda funny how often people will give shit to China for it’s social credit score but we’re not too fucking far off from it here in the west. When you can’t even get housing because of a credit score… it’s kind of a fuckin’ problem.

Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

It is kinda funny how often people will give shit to China for it’s social credit score but we’re not too fucking far off from it here in the west. When you can’t even get housing because of a credit score… it’s kind of a fuckin’ problem.

Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

How can this post created in the ‘Canada’ community be cross posted into the ‘Canada’ community? Somehow the same post got ‘created’ twice in the same community.

Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

Don’t forget the even more nebulous and secretive insurance scores that are even tied in to data brokers!

On the other hand, the Chinese “social credit” is mostly western fabulation. And what little implementation of that actually does exists is actually mostly used to track and punish corporations and governmental bodies… So there’s that.

The “crosspost” label is more of a flag that there is another post with the same URL somewhere. If I posted the same article in a community multiple times, it would have multiple “crosspost” labels for that community. I agree that this could be done in a better way

I assume there was a bug or loading issue where the user posted this post twice. Maybe their app thought it didn’t go through the first time and tried posting it again.

Since there is discussion on both posts, I might leave them both?

Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

This happened to me too. I’m actually relieved because my credit score was in the shitter. Now I’m back to a clean slate.

The “crosspost” label is more of a flag that there is another post with the same URL somewhere. If I posted the same article in a community multiple times, it would have multiple “crosspost” labels for that community. I agree that this could be done in a better way

I assume there was a bug or loading issue where the user posted this post twice. Maybe their app thought it didn’t go through the first time and tried posting it again.

Since there is discussion on both posts, I might leave them both?

How did you get it back?

Except ours is based on our ability to repay debt. Which is fucked.

Not saying China’s is any better, but at least you’re rated on your actions and words. Not some capitalist view of a person’s worth.

Both are fucked.

Anyway, credit scores should be abolished.

Except ours is based on our ability to repay debt. Which is fucked.

How so? It seems to be exactly what lenders want to know before lending. Are you judging a system by its exceptions?

Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

Except ours is based on our ability to repay debt. Which is fucked.

Not saying China’s is any better, but at least you’re rated on your actions and words. Not some capitalist view of a person’s worth.

Both are fucked.

Anyway, credit scores should be abolished.

Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

Except ours is based on our ability to repay debt. Which is fucked.

How so? It seems to be exactly what lenders want to know before lending. Are you judging a system by its exceptions?

That’s an interesting concept but standards are different, so what does a social score mean anyway? For example, I value high eq/empathy above all. Lacking that but being a billionaire won’t increase my score toward you even though you might be rated high because you own a house, car, business etc.