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Tell HN: Equifax free credit report dark patterns

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Re: Tell HN: Equifax free credit report dark patterns

#101

Post by int_19h »

NoblePublius wrote: post #74
cheriot wrote: post #36

Earlier quoted context omitted.

100% agree on the incentives Similar to why cookie accept/deny interfaces are atrocious. They're intended to be! I think a solution will require more creativity than "have the government do it", but the current system is clearly broken.

Every financial institution has its own credit file on you. They don’t need the third party services at all. Credit profiles can be created easily from any number of public data sources. These companies exist because we wrote laws requiring them to exist, and for no other reason.

I feel like at some point we just have to accept that the only system of credit that is actually fair is the one that is explicitly run in the interests of society by said society (i.e. in practice, its government). It's not that private banks shouldn't exist; but there should be a bank that anyone can go to and get a loan on conditions that actually reflect their credit risk, and take into account their life situation etc.

Yes, it does mean that there will be a certain amount of defaults that we will all be paying for. I'd rather pay for that than for another yacht of some rich finance bro.

Re: Tell HN: Equifax free credit report dark patterns

#102

Post by int_19h »

nickff wrote: post #17
nicholasjarnold wrote: post #10

Earlier quoted context omitted.

It's literally out of control. We cannot have a healthy democracy in a systematically surveilled society. When people understand they're being actively and constantly surveilled they tend to self-censor their expression. When we do not have a healthy and honest exchange of expression (something that has arguably been being eroded for a long while now) it will fundamentally erode one of the pillars of our society. Kud…

I’m not sure that these requirements are actually due to Surveillance Capitalism; Government KYC requirements may be the culprits, as they’re steadily on the rise (especially with all the recent sanctions).

These are not contradictory things. Capitalism is something that is maintained by the government in the first place - it exists so long as government continues to operate a property right framework that is in favor of large corporate entities. And, of course, said entities bribe the politicians who run the government to continue this state of affairs.

In short, surveillance state capitalism that strangles actual free markets and reduces choice is the natural form of capitalism.

Re: Tell HN: Equifax free credit report dark patterns

#103

Post by int_19h »

g051051 wrote: post #92
handoflixue wrote: post #88

Earlier quoted context omitted.

g051051? The guy who keeps trying to post porn all over this site? I can't believe you've got the guts to go posting here. I've told everyone about your disgusting behavior. What's that? You never did that? Well, for just $5/month you can sign up for my monitoring service and we can investigate your claims. In the mean time, I'm going to keep warning everyone about your behavior. I feel like most people would conside…

You told a reporter that story. The reporter, _without verifying it_, then tells his newspaper that the story you told is true and he's verified it (which is a lie). Now the newspaper publishes it. Who's responsible?

All three, because the newspaper knows that the reporter lies all the times, but continues to employ him because his stories sell.

Re: Tell HN: Equifax free credit report dark patterns

#104

Post by cheriot »

NoblePublius wrote: post #97
cheriot wrote: post #78

Earlier quoted context omitted.

If you don't like the terms with your current bank, how would you apply for a loan with a different one [that doesn't know you]? People need the ability to shop around.

Plaid

Nobody will volunteer their unpaid debts so terms for those a good credit history will suffer.

Re: Tell HN: Equifax free credit report dark patterns

#105

Post by g051051 »

smaudet wrote: post #77
lolinder wrote: post #68

Earlier quoted context omitted.

> They thought they did, but failed. Oh, never mind then. Clearly since they thought they updated the dependency it's all good. > Impossible to guarantee. A sophisticated enough attack ... It is impossible to so completely segment a network ... While I will acknowledge that this seems to have been Equifax's approach to security (it's impossible to do completely so why bother doing it at all?), this is not widely acce…

And they should have been held accountable, were they? If such an entity demonstrates gross negligence yet there are no repercussions, perhaps it is worse than negligence, it is outright larceny - Equifax could be characterizes as a govt supported cartel. It is not unreasonable then we should actually physically destroy their premises and all related collected information as an active threat to the nation, as well as…

> And they should have been held accountable, were they?

Huge stock hit (since recovered, of course), top executives lost their jobs, fines, had to give away a paid product, extra oversight, cost of fixing security, several rounds of layoffs for the employees, etc.

> It is not unreasonable then we should actually physically destroy their premises and all related collected information as an active threat to the nation

This is why we can't get real, meaningful change. No wonder our "leaders" think so little of us.

Re: Tell HN: Equifax free credit report dark patterns

#106

Post by NoblePublius »

cheriot wrote: post #104
NoblePublius wrote: post #97

Earlier quoted context omitted.

Plaid

Nobody will volunteer their unpaid debts so terms for those a good credit history will suffer.

Give me your checking account login and tax return and I will know who you owe money to

Re: Tell HN: Equifax free credit report dark patterns

#107

Post by cheriot »

NoblePublius wrote: post #106
cheriot wrote: post #104

Earlier quoted context omitted.

Nobody will volunteer their unpaid debts so terms for those a good credit history will suffer.

Give me your checking account login and tax return and I will know who you owe money to

a) I take out a credit card at a new bank, spend the balance, and never make a payment.

b) I bounced a check, don't remedy, and owe money to a furniture store.

c) I move a random amount of money each month to a separate account and make loan payments from there.

d) How far back does someone need to account for their spending in order to get a loan? People complain about mortgage applications, but this is a whole new level.

Access to credit gets more expensive without a 3rd party aggregator.

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