I love how the "little known policy" is that they can do whatever the fuck they want because there are no regulations on credit scores. So great!

It is kinda funny how often people will give shit to China for it's social credit score but we're not too fucking far off from it here in the west. When you can't even get housing because of a credit score... it's kind of a fuckin' problem.

We're so powerless in situations such as this. In the USA, I made a bank transfer to my landlord (around a decade ago) that never hit his account. Every day for about five days, I called my bank to get help. Each person said they'd released the funds for transfer. Each day, nothing changed.

On or around the fifth day, someone finally told me that OFAC (Office of Foreign Assets Control) had seized the funds. The best I can guess is that this was due to my landlord having an Arabic-sounding name (you know, cause "terrorism").

I went on the OFAC website and downloaded a form to contest the issue and documented everything. The letter I received in response said they had no record of the case number that I submitted. I realized, in that moment, that I would have to invest far more time, energy, and emotional hit points than I was willing to spend for $1500. I changed how I paid rent and got money orders that I then manually deposited in the landlord's account at a local bank branch for the rest of the time I was there. I didn't pursue the case. I wrote it off as a loss.

This is when it really, truly hit me (though I'd known viscerally for years) that I could not stand up to the government. I'm not advocating not fighting back. I'm advocating picking your battles. I felt very small and meek when this happened. I only gave up because I value money less than I value privacy or speech or time (I'm privileged to be able to say this, I know). In terms of fighting bureaucracy, we're completely alone and have to be extremely dedicated or basically cornered, as this guy is, to make it worth it to fight back. And even then, it's highly likely that, like this guy, you won't be able to get justice.

Remember when a few democratic reps wanted to pass laws for better oversight on credit bureaus and got shot down by both parties? Pepperidge Farms remembers: https://www.congress.gov/bill/117th-congress/house-bill/4120

there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Gee whiz, I'm sure these companies that carry so much responsibility will take that responsibility with pride and do their absolute best on giving honest and accurate data, and protect that data in the best way possible right? Like for example, they wouldn't use some ex music teacher to become CTO which would lead to the biggest loss of US customer data (including social security numbers), ever, right?

RIGHT?

Fuck equifax, literally everybody working at that company should be jailed.

I think it is hilarious that people aren't more scared of where this path inveitably leads and has already lead, I passed the point of being scared long ago and now all I have left is to laugh.

Keeping people in perennial debt: Those who won't work for the carrot get the stick.

I'm in the US but had a similar thing happen to me when I was first getting credit and had no history. I figured it would be a safe bet to apply for a card with my bank at the time, and they denied me citing my credit score: 0. At the time I just laughed and applied for another card elsewhere, who did actually accept me. After a few months I checked and saw I was assigned a real score somewhere in the low 700s.

I'd understand dropping a score after 10 years without credit, but the 2 in this case is very low.

How can this post created in the 'Canada' community be cross posted into the 'Canada' community? Somehow the same post got 'created' twice in the same community.