Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack
by dragonwriter on Friday September 08, 2017 @06:41PM
(#15204476)
> Yet, without credit rating agencies, you'd get no loans.
Loans existed for millenia before credit rating agencies, so that seems unlikely. It's more likely that the people getting the best loans terms today would pay a higher cost for borrowing without credit rating agencies, and that credit references would be more important, though.
Loans existed for millenia before credit rating agencies, so that seems unlikely. It's more likely that the people getting the best loans terms today would pay a higher cost for borrowing without credit rating agencies, and that credit references would be more important, though.