>If could practically avoid having my information sent to bad actors they would be incentivized to treat my data with care. IMO the biggest differences are the lack of having to "build credit", the incidental lack of an SSN that can be leaked, and the lack of companies allowing someone to wrongly take out a loan in your name and somehow making it your issue instead of theirs.
#Equifax data breach settlement 2021 free#
Until data protection laws came along, they even charged you to see your own data, nowadays at least you get it free once per year. If they don’t know you at all (= no contact with the banking system whatsoever), you are rated higher risk, but just having a bank account for some time is enough to have a good score. > which suggests the same dynamic would exist in Belgium. Though in the end that doesn’t change much because it’s not as if you have a choice (outside of saying no thanks to the whole thing) That’s luckily not allowed (as many other burial tactics) and has to be very visible and explicit. > somewhere buried in the terms and conditions is a consent for a credit check. I can only speak of Germany, where we have the equifax-like SCHUFA. But areas with higher tax base (Hebron area in Carollton, TX, part of Austin, TX, etc.) you get in and out quickly.įor government services you get what you pay for when you put appropriate monitoring in place.
#Equifax data breach settlement 2021 license#
I got lucky the second day I took off of work to get my license changed. Wait time after their screwup would have put getting services after closing (i.e. We showed up 1.5 hours before opening and were in the line that wrapped around the block. At one of these, I waited over 5 hours in line only to find they skipped my number and wouldn't let me come back. Others one could reasonably point to and say getting an ID there is so difficult that it must be the goal (like voter suppression).
Some areas are like the general Ohio BMV. Texas, on the other hand, funds offices relative to the proportion of tax base in the area (this also disproportionately affects minorities, I've seen). Staff was competent, offices were laid out logically, and time to completion was measured in minutes. Ohio BMV is basically a pleasure and a joy to visit every time I interacted. Your own linked article says "Later, it added positive marks as well, allowing “no credit” and “good credit” to be distinguished", which suggests the same dynamic would exist in Belgium.įirsthand experience: DMV experience comes down to funding.
I don't see why the same dynamic wouldn't exist in Belgium. In the US at least, the reason why it's commonly advised for students (and other young adults) to "build credit" is to build up a history of credit usage and repayments. >There isn't such bullshit as in the US where you practically have to push your student to get a credit card "to start building up a credit score." When you open a bank account/apply for a credit card, somewhere buried in the terms and conditions is a consent for a credit check. >The data is not for sale to just about any company that is willing to pay for it, the individual has to give permission to share it when they apply for a loanĪFAIK that's also the case in the US. DMV), I'm skeptical that waving a "government" wand would magically fix stuff. So basically the same as credit bureaus in the US, but it's a government monopoly? Given how well other government agencies work at least in the US (eg. >They have a public credit bureau hosted by the national bank that records all the loans and credit.
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