Re:Ask HN: Why doesn't Equifax, and services like that offer...
by dpeck on Monday August 31, 2015 @04:02PM
(#10148754)
They aren't really in the business of limiting access to your credit report, thats just a bug in the system that they have to work around.
Their value revolves around keeping and generating reports on your credit history to sell to people asking. What incentive is there to put in more restrictions on access?
Re:Ask HN: Why doesn't Equifax, and services like that offer...
by dragonwriter on Tuesday September 01, 2015 @10:11AM
(#10152412)
> They aren't really in the business of limiting access to your credit report
That's exactly the business they are in: limiting access to your credit report to people that have paid them for that access.
> Their value revolves around keeping and generating reports on your credit history to sell to people asking. What incentive is there to put in more restrictions on access?
Unauthorized access is people getting their product without paying for it.
Re:Ask HN: Why doesn't Equifax, and services like that offer...
by Someone1234 on Tuesday September 01, 2015 @10:05AM
(#10152369)
Credit agencies are in a monopolistic position, end users are the product not the customer. There have absolutely no reason to be less terrible than they are.
Their value revolves around keeping and generating reports on your credit history to sell to people asking. What incentive is there to put in more restrictions on access?
That's exactly the business they are in: limiting access to your credit report to people that have paid them for that access.
> Their value revolves around keeping and generating reports on your credit history to sell to people asking. What incentive is there to put in more restrictions on access?
Unauthorized access is people getting their product without paying for it.