The credit score system is broken, critics say

Re:The credit score system is broken, critics say by robcohen on Sunday August 14, 2022 @08:48PM (#32464628)

I literally just had a huge problem for my credit score. Apparently I cancelled a credit card for the water company which supplies water to a small property I own. They sent mail to the address telling me to pay, but no emails or texts. By the time I retrieved the mail I was four months in debt and they had already called collections on me.

Now I have a major negative event on my credit report that won’t go away for seven years. Over $150 of total late fees. My credit score dropped nearly 70 points. All because I didn’t check my mail for a few months while traveling.

I really hate this system with a passion. A deep and profound passion.

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Re:The credit score system is broken, critics say by tuankiet65 on Monday August 15, 2022 @12:45AM (#32465985)

This is my #1 fear going to a doctor. I change my address every 6 months or so for work/study purpose, and I have to specifically ask the clinic to send me unpaid bills over email instead of mail. Sometimes I wish the US could swear off sending bills over the mail and just do it electronically.

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Re:The credit score system is broken, critics say by warriormonk5 on Sunday August 14, 2022 @09:00PM (#32464701)

Have you already paid? Ask for a "pay for delete agreement" if you haven't

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Re:The credit score system is broken, critics say by robcohen on Monday August 15, 2022 @01:52AM (#32466297)

When I spoke to collections they assured me it wouldn’t end up on my credit report, so I payed.

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Re:The credit score system is broken, critics say by hansvm on Monday August 15, 2022 @11:17AM (#32470788)

Sounds like fraud. Do you have the communications?

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Re:The credit score system is broken, critics say by robcohen on Monday August 15, 2022 @09:31PM (#32478199)

Unfortunately not, because it was over the phone.

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Re:The credit score system is broken, critics say by hansvm on Monday August 15, 2022 @11:15PM (#32478816)

I vaguely recall that even in 2-party consent states recording lawlessness is still legal. Are there a y lawyers here who could chime in?

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