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How Goldman Sachs Made More Than $1B with Credit Scores

wsj.com

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Re: How Goldman Sachs Made More Than $1B with Credit Scores

#21

Post by killbrad »

superquest wrote: post #5
patrickmn wrote: post #2

It's pretty terrifying how much information CreditKarma (TU- and Equifax-backed,) Mint and such have, and what that turns into when it's shared and combined.

True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...

What's surprising to me is how many people are surprised by this. You gave them the credentials to all of your accounts, and then are shocked that they used them? What's more incredible is that you haven't changed the credentials for any of your critical accounts in that time.

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#22

Post by killbrad »

trendia wrote: post #14
superquest wrote: post #5

Earlier quoted context omitted.

True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...

This is why I don't trust cloud services. I track my budget using PearBudget [0], an Excel (or LibreOffice) spreadsheet. [0] https://pearbudget.com/

Doesn't really explain why you don't trust third parties. If you opted in......?

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#23

Post by ajdlinux »

xbmcuser wrote: post #12
floatrock wrote: post #4

Like, a solution that doesn't involve paying for journalism that you enjoy and find useful?

Personally I wouldn't mind a global $20-25 newspaper subscription where my views are paid to the newspaper like it is done for music with Spotify.

I'm interested in trying out https://launch.blendle.com/ at some point...

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#24

Post by trendia »

fuckemem wrote: post #16
trendia wrote: post #14

Earlier quoted context omitted.

This is why I don't trust cloud services. I track my budget using PearBudget [0], an Excel (or LibreOffice) spreadsheet. [0] https://pearbudget.com/

It says 4.95 a month so I am guess this is some kind of SaaS?

They have two versions: an Excel doc and a cloud service. I have no idea what the cloud service is liek because the Excel doc is free.

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#25

Post by caseysoftware »

superquest wrote: post #5
patrickmn wrote: post #2

It's pretty terrifying how much information CreditKarma (TU- and Equifax-backed,) Mint and such have, and what that turns into when it's shared and combined.

True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...

Since they store the actual passwords and lose the connection as soon as you change them, I'm shocked that you went years without changing those passwords..

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#26

Post by zitterbewegung »

superquest wrote: post #5
patrickmn wrote: post #2

It's pretty terrifying how much information CreditKarma (TU- and Equifax-backed,) Mint and such have, and what that turns into when it's shared and combined.

True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...

Why are you disturbed ? The whole point of Mint is to track your spending so that you have a unified dashboard of your money ? If it didn't import all of those things you wouldn't have much use of it. Also you can remove accounts from it if you don't want it to track.

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#27

Post by zitterbewegung »

FTA wrote: post #17

People are always terrified of the Big Brother from government, but any time I have to verify my identity with questions like "What street of the listed have you lived on?" or "Which of these banks do you have a loan with?" it makes me realize how much aggregated data private (especially financial) companies have. I can imagine these corporations selling that info for good money, like how many transactions you make a…

A recent HN post about four square is that they pivoted to an API that tells you who is shopping and where. They use Instagram data . https://news.ycombinator.com/item?id=14052444

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#28

Post by aidenn0 »

greenleafjacob wrote: post #19
trendia wrote: post #14

Earlier quoted context omitted.

This is why I don't trust cloud services. I track my budget using PearBudget [0], an Excel (or LibreOffice) spreadsheet. [0] https://pearbudget.com/

I have been looking to use GNUCash myself as a replacement for YNAB. Part of my general drive to text based scriptable systems over GUI.

GNUCash is scriptiable (in fact IIRC much of the out-of-the-box functionality is written in guile), but http://ledger-cli.org/ is much more of a text-based system than GNUCash.

Re: How Goldman Sachs Made More Than $1B with Credit Scores

#30

Post by techsupporter »

xbmcuser wrote: post #12
floatrock wrote: post #4

Like, a solution that doesn't involve paying for journalism that you enjoy and find useful?

Personally I wouldn't mind a global $20-25 newspaper subscription where my views are paid to the newspaper like it is done for music with Spotify.

That sounds like PressReader to me. I pay them $30/month and can read all of the newspapers from around the world that I want. (A lot of libraries also offer access with a library card; another good reason to visit your local library.)
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