Credit score - not as good as I'd thought

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Forums › Finance and wealth management › Credit score - not as good as I'd thought

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#2286807 31-Jul-2019 19:51

Not exactly on topic

Equifax' lousy security let almost half of Americans' personal information be hacked, they got off with just a slap on the wrist.

So this scumbag corporation now encourages "free" scumbag credit monitoring services to collect your information, and market not free stuff to you directly.

https://www.cbsnews.com/news/equifax-settlement-2019-that-125-payment-from-equifax-heres-why-you-shouldnt-count-on-it/

Americans getting a US $125 payment from Equifax? They shouldn't count on it

The 148 million consumers impacted by the Equifax date breach can request a $125 cash payment to help compensate for their privacy headaches.

But that $125 offer only covers consumers who either already have credit monitoring and can prove they'll continue with the service for the next six months.

The settlement warns that if enough consumers request the $125 and that the total reaches $31 million in outlays, the per-person cash award will be reduced.

Consumers may be wiser to pick the free credit monitoring for up to 10 years, experts say.

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#2287446 2-Aug-2019 08:03

I've read that $125 is best case.

If every victim asks for money, it's actually 22 cents per person.

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#2310533 4-Sep-2019 11:10

Well, that was unexpected.

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#2310574 4-Sep-2019 12:29

I wonder what has changed? Up from 800

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#2310933 5-Sep-2019 09:24

Yeah, mine has just shot up to mid-high 900's from 800-odd a couple of months ago and nothing has changed...except maybe their algorithms?

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#2310934 5-Sep-2019 09:27

I have a Unicorn score of 1000, and top 1% in every category

The only thing I can see different (I haven't checked for awhile) is all of our mortgages are listed now.

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#2310943 5-Sep-2019 09:36

Contacted Credit Simple with copy of payslips from the company I've been working for for almost six years... They replied asking for copies of the payslips of the company I work for.

They closed the case without updating the entry.

How can you trust this?

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#2310944 5-Sep-2019 09:38

freitasm:

Contacted Credit Simple with copy of payslips from the company I've been working for for almost six years... They replied asking for copies of the payslips of the company I work for.

They closed the case without updating the entry.

How can you trust this?

I did this exact thing last month, after noticing my 'current employer' was one from over 2 years ago. Same deal, attached payslip, and they simply asked for a payslip, and closed the case without action.

I wouldn't trust their rating as far as I could throw it.

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#2310947 5-Sep-2019 09:49

I have raised a case with the Privacy Commissioner on Illion NZ (as Credit Simple) dismissing my request to update private data they hold.

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#2310948 5-Sep-2019 09:52

@evilonenz I suggest you raise a case with the Privacy Commission too, so they see this is affecting more people.

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#2311152 5-Sep-2019 12:59

evilonenz:

I wouldn't trust their rating as far as I could throw it.

Regardless of whether you trust them, the data they have is the same data used when anyone performs a credit check on your right? So even though the system seems incredibly flawed, it's still in your interest to have a high score.

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#2311166 5-Sep-2019 13:19

And still in our interest to have it correct.

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#2311167 5-Sep-2019 13:21

freitasm:

@evilonenz I suggest you raise a case with the Privacy Commission too, so they see this is affecting more people.

Have done so now.

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#2311615 6-Sep-2019 09:57

Earlier in the week I opened an account with a local tyre supplier. We used to use our Farmlands card there but they had a falling out so it is not accepted there. The terms of the account are settlement by 20th of the month following.

The owner did the credit checks etc as part of the application and when he emailed to let me know all was well, he said

"You should be proud of your credit rating ."

I have no idea what it is, but I enjoyed the compliment!

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#2320197 19-Sep-2019 11:28

freitasm:

I have raised a case with the Privacy Commissioner on Illion NZ (as Credit Simple) dismissing my request to update private data they hold.

@freitasm I told them recently I have not worked for Vodafone NZ for over 2 years and this is the response

Current employer: Vodafone New Zealand

Conclusion

The illion team have reviewed your correction request with the Credit Provider and have confirmed that the listing is valid. What type of response is that? I know where I work but they are telling me I am wrong

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