Credit score in the United States - Wikipedia
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I always assumed credit scores were an integral and historic part of the American financial system.

They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.

  • COASTER1921@lemmy.mlEnglish
    9·
    10 months ago

    The first time I saw this I was shocked. Every single paycheck of mine is there and there’s basically nothing you can do about it without having negative credit impacts for having manually disabled it. Why on earth is this opt-out rather than opt-in? Then it wouldn’t look like you’re trying to hide something if you value your privacy at all.

    It’s crazy this is legal. So dystopian.

    • 🐍🩶🐢@lemmy.worldEnglish
      4·
      10 months ago

      I disabled that shit the moment I found out a few years ago. As far as I know it is only potentially an issue if a landlord or something wants to see it and isn’t tied to your credit score. I don’t give a shit right now anyways as my credit is good enough. If I need to give someone access to it, and it makes sense, sure, but I would rather hand over a copy of my W2 or paystubs personally.

      It is entirely messed up that it exists and most people don’t even know about it. Dystopian nightmare indeed.

        • 🐍🩶🐢@lemmy.worldEnglish
          4·
          10 months ago

          When you opt-out with Experian, your information is not deleted from the Experian marketing database. Experian will mark your record as “Do Not Online Target” for a period of five years. You can renew your opt-out request after this five-year period. If Experian removed your information completely, we would have no way to know your preference.

          What the fuck kind of bullshit is that? No way to know my preference? How about never! Thank you for letting me know that I have to write another email today and try not to lose my shit. Maybe I will setup an automated message to go out every year or something to “remind” them.

          • COASTER1921@lemmy.mlEnglish
            1·
            10 months ago

            They should write it as “you must allow targeted advertising at least once every 5 years before submitting a new opt-out request for the next 5 year period”.

            So dumb this is legal, I just sent my email.

        • intensely_human@lemm.eeEnglish
          1·
          10 months ago

          This is how I knew I had somehow passed back into the land of credit worthiness: I started seeing tons of credit cards ads

        • Socsa@sh.itjust.worksEnglish
          1·
          10 months ago

          Also keep in mind that there are far more than three of these companies. There are dozens of not hundreds of less visible companies doing the same kind of consumer data brokering. The “big three” are just the face of the industry. They only make it easy to opt out because they know you’re captive to 20 other feed through companies.