61–70 of 459 posts
Earlier quoted context omitted.
I would like to bet $1,000 that the payment ends up being $1 or more per claimant. You in?
LOL - no. I did not mean it literally. Did you have a point on the substance?
I was hoping to make $1,000 while making this point, but alas. Next time maybe don't make a prediction you aren't willing to stand behind.
We're all supposed to take it as just a fact of life now that we need a monitoring service for a service none of us opted in to. And who runs these monitoring services? Why of course, it's the credit reporting companies! Who else would it be. So not only do they know when fraud is happening to you, but they will happily ruin your life while knowing and charge you for the privilege of knowing this is happening to you.…
Unfortunately, most of us did opt in. If you look at the credit agreements we sign when we buy cars, open credit accounts, enter into a mortgage, we give the lender the privilege to share our data with these credit reporting companies.
I find them to be highly unethical and to generally result in a contract negotiated without compensation and any communication in good faith.
well.. when individuals lose a court battle, they owe the winning party money from their future earnings, in case their current balance does not cover the sum owed. Why don't they make companies do that. It would only seem fair for the amount of damage they did :|
Because they would just go out of business and the debt would disappear.
Surely the FTC and Equifax saw this coming? 150m people were included in the breach. Only 31m USD was allocated to give anyone who claimed 125 USD? How on earth did they do this math?
Maybe they didn't expect most people to follow up on this?
Surely the FTC and Equifax saw this coming? 150m people were included in the breach. Only 31m USD was allocated to give anyone who claimed 125 USD? How on earth did they do this math?
The FAQ is really condescending and almost sounds deliberately written to make people angry.
> The free credit monitoring provides a much better value
> You can still choose the cash option on the claim form, but you will be disappointed with the amount you receive and you won’t get the free credit monitoring.
The wording is just so... it seems to be coming directly from Equifax's PR department.
why do we even use these companies?
Earlier quoted context omitted.
LOL - no. I did not mean it literally. Did you have a point on the substance?
My point is that your prediction is very likely wrong. I was hoping to make $1,000 while making this point, but alas. Next time maybe don't make a prediction you aren't willing to stand behind.
Earlier quoted context omitted.
Your statement is interesting but does not constitute nor provide any substantive information that is backed by evidence. Backup your 'anecdotal' claims.
Banks and credit card issuers all pay hefty sums of money to the reporting agencies to use in underwriting their loans. They wouldn't do this if they weren't helpful in modeling risk.
Large organizations are astoundingly good at finding inefficient ways to spend money.