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Equihax

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Re: Equihax

#181

Post by ryanlol »

koolba wrote: post #55
jerf wrote: post #53

Earlier quoted context omitted.

"Who would store date of birth as a string?" Enterprise. "If we are stringifying dob why is address still seperated?" Enterprise. "Why are the credit report reasource Ids in the thousands not 1M +?" Enterprise. "Why is the file size null but the file is listed with it's mimeType?" Enterprise. Be grateful you are in a position to be horrified. I'm currently fighting my way through a system that is not currently "Enter…

Exactly. The data model, and particular data typing, being terrible is more indicative of it being legit. Not less.

Yeah, but it'd be easy to repackage from a million other sources.

Re: Equihax

#182

Post by sixothree »

takeda wrote: post #148
sixothree wrote: post #117

Earlier quoted context omitted.

What's your SSN and credit score? Just curious.

You missing the point. A single person exposing their SSN right now will suffer, but if everyone's SSN is accepted the companies would have to acknowledge that SSN is no longer secret (in fact it never was intended to be secret). This whole mess could be trivially fixed by credit bureaus introducing a PIN for every person and require it for opening a new credit line (issue is whether they could keep it safe, but at l…

You forgot your credit score.

Re: Equihax

#183

Post by vaishaksuresh »

spraak wrote: post #179
vaishaksuresh wrote: post #173

Earlier quoted context omitted.

Think of the operational cost involved to satisfy everybody's query.

Couldn't it easily be automated? A lot of upfront work but then just monitoring.

Running servers takes resources too and in this case the servers need to support millions of queries.

Re: Equihax

#184

Post by ensignavenger »

smsm42 wrote: post #174
ensignavenger wrote: post #158

Earlier quoted context omitted.

Because there are lots of different scoring algorithms. There are several different ones from FICO themselves (so there is no single one FICO score), and they have several competitors that have different algorithms. Even when using the same algorithm, you will have a different score for each credit report.

True but my experience they are all within the same range. If you get "good" score on one of them, you'd get the same on others. They may emphasize slightly different things but there's not that much difference. Also, nobody really checks that score with a point accuracy - there are ranges, but I'd be very surprised if the difference within range, say 750 to 765, means too much.

Yeah, they are usually are similar. The thing is, for many underwriters, if you ate even 1 point below their range on even one report, you will be rejected. Usually there are things most consumers can do to boost their score by a few points, though, reasonably quickly.

Re: Equihax

#185

Post by ciex »

blondie9x wrote: post #180

Bitcoin and Etherium are used too much for money laundering. They need to be regulated. There is also so much energy used to mine the coins. More than many countries. We need to really think about what we get out of building a money a laundering technology primarily used on the dark net.

That's over. Now there will always be another cryptocurrency to take over money transfer for criminal activities.

Re: Equihax

#186

Post by int_19h »

blondie9x wrote: post #180

Bitcoin and Etherium are used too much for money laundering. They need to be regulated. There is also so much energy used to mine the coins. More than many countries. We need to really think about what we get out of building a money a laundering technology primarily used on the dark net.

Strong encryption is used too much to coordinate illegal activities, such as terrorism. It needs to be regulated.

Except, how do you actually intend to regulate it? Enacting a law to do so is easy. Actually enforcing that law is another matter.

Re: Equihax

#187

Post by int_19h »

skookum wrote: post #108
hedora wrote: post #87

Earlier quoted context omitted.

That makes sense to me. Having zero debt (and no credit cards) can easily knock your score that low, even if you have a perfect payment record. The whole credit score thing is an extortion game: To the consumer: Want a loan? Buy everything on cash back cards. To vendors: Don't like the fact that we're upping transaction fees? What percentage of your customers use credit cards again? If they actually were worried abou…

It's not the pile of debt that increases the score. It's the history of repaying that debt per its agreed terms that does. While I'm not a fan of the credit bureau system, I understand the reasoning behind it. It's an efficient way for creditors to get access to the needed information. Lacking that, to allow the bank to evaluate your creditworthiness among other things you'd likely have to provide a list of reference…

The point is that the credit score system is utterly dominated by past credit (and its repayment), even though other factors (like current wealth and income) are far more important in practice - and this leads to paradoxical and absurd situations where someone can be filthy rich, but have low credit score because they have zero credit history, never having taken a loan.

Many other countries don't have such a system, and creditors use your past and projected income as a basis for making decisions.

Re: Equihax

#188

Post by zeep »

vadym909 wrote: post #63
robertelder wrote: post #28

Cool, this is good news as it means I might actually be able to find out my credit score. I recently sent in an application to Equifax to get my credit score along with all the security documents, proof of address, passport, drivers license, registered mail etc. and they rejected my application because I didn't provide a hydro bill. Unfortunately, I live in an apartment and I don't pay hydro, so I sent in a copy of t…

If its only the score you want, cant you get that from creditkarma for free?

Bank of America now offers it for free too...

Re: Equihax

#189

Post by haimez »

makmanalp wrote: post #176
vadym909 wrote: post #63

Earlier quoted context omitted.

If its only the score you want, cant you get that from creditkarma for free?

Does creditkarma sell your credit information to people when you sign up with them?

How else would they make enough money to exist?

Re: Equihax

#190

Post by xena »

3JPLW wrote: post #151

Note the new edit on the blog post: They silently corrected the sample data for Bill Gates, changing his state from WI to WA. Major red flag; if it was wrong in the original data just keep it that way and release a few more samples for verification.

i mean to be fair it got fixed on the onion site.
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