Social Credit Score is Here (Experian) (legal, wisdom, rating, program)

[BlakeJones]

Actually seems likes it's even worse, not only do they want credit card
account access but they also want BANK ACCOUNT access:

https://usa.experian.com/member/credit/boost/onboarding

Experian Boost works simply, and we walk you through the steps one-by-one when you start your boost:

1. Agree to give Experian read-only access to your bank account payment history.
2. Connect the bank or credit card account you use to pay your utility bills, so we can verify your electronic payment records.
3. Using world-class encryption to keep your data secure, we'll look for at least three months of payments within six months for each bill.
4. Then, we show you what we found, so you can verify it's right and add it to your Experian credit file for a boost

Here are the bill types that should qualify for Boost:

• Mobile and landline phones
• Internet
• Cable and satellite
• Gas and electric
• Water
• Power and solar
• Trash
• Video streaming services

[TexasLawyer2000]

Originally Posted by BlakeJones

We urgently need laws to stop this

No we don't need liberal overregulation. You liberals will try to regulate everything.

[gailjnh]

Originally Posted by BlakeJones

If you check your FICO scores from the 3 big credit bureaus you will notice something strange - your Experian score is always
significantly lower than Trans Union or Equifax. This is not an accident

Experian is intentionally dropping your score so that people will use their boosting system...

Experian "BOOST":
https://www.experian.com/consumer-pr...ore-boost.html


Boost is advertised as a way to raise your Experian credit score, when in practice it just raises the score back up to the same level as the other 2 credit bureaus. When you opt in to Boost, you agree to give Experian the passwords to your credit card accounts so they can analyze your spending patterns:

Your score goes up if you subscribe to partner vendors like Netflix and other big tech companies.

It's not hard to see where this could go:

• - Score goes up if you donate to planned parenthood or BLM
• - Score goes up if you buy electricity from an EV fast charger station
• - Score goes up if you sign up to the New York Times
• - Score goes down if you sign up to Infowars or Gab.com
• - Score goes down for donating to GiveSendGo
• - Score goes down for donating to the Trump campaign
• - Score goes down for buying meat at a butcher shop

etc etc

It's already here folks, the social credit system is already here

It's also not true. I checked my three bureau report and score just this morning. Experience is 796, Equifax 798 and Tranunion is 795. Sounds like someone is just unhappy with their scores.

[The Philosopher]

Didn't the mafia do something like this? It sounds like you're being blackmailed to get your score up.

[Freak80]

Credit scores have been around since money lending. Nobody wants to lend money to someone with dubious prospects for repayment.

[Redflag71]

Originally Posted by TexasLawyer2000

No we don't need liberal overregulation. You liberals will try to regulate everything.

We need to intervene.
I would love to loan out my dead presidents, like a bank but on better terms.

[Taratova]

Originally Posted by ResistTheReset

While this is not yet the Social Credit Score system, they are clearly laying the groundwork for it. And using coercion does not at all surprise me. Non-financial behaviors such as which companies you do business with should have no bearing on one's score.

They already evaluate people . Homeowners get a higher score. Debt analysts give a lower score with higher debt. How many credit cards you have. They look at all aspects of your life. And it will get worse , must worse as one is evaluated.



After Canada froze those bank accounts, I do not trust our government . If Canada did this , they of course the lefties will run with this one . They want power and this is how they will get more.

[AfriqueNY]

Originally Posted by BlakeJones

If you check your FICO scores from the 3 big credit bureaus you will notice something strange - your Experian score is always
significantly lower than Trans Union or Equifax. This is not an accident

Experian is intentionally dropping your score so that people will use their boosting system...

Experian "BOOST":
https://www.experian.com/consumer-pr...ore-boost.html


Boost is advertised as a way to raise your Experian credit score, when in practice it just raises the score back up to the same level as the other 2 credit bureaus. When you opt in to Boost, you agree to give Experian the passwords to your credit card accounts so they can analyze your spending patterns:

Your score goes up if you subscribe to partner vendors like Netflix and other big tech companies.

It's not hard to see where this could go:

• - Score goes up if you donate to planned parenthood or BLM
• - Score goes up if you buy electricity from an EV fast charger station
• - Score goes up if you sign up to the New York Times
• - Score goes down if you sign up to Infowars or Gab.com
• - Score goes down for donating to GiveSendGo
• - Score goes down for donating to the Trump campaign
• - Score goes down for buying meat at a butcher shop

etc etc

It's already here folks, the social credit system is already here

Tin foil alert . So you are telling me that Fox isn't a Corp that makes money and has partners? Come on. Experian doesn't care about your political views. They care about you spending money. That's all credit scores are. An incentive to spend money and go into more and more debt that's profitable to the banking industry. It's dumb to reward somebody for NOT spending money and saving every dime. There is NO profit in that for the credit industry. Stop pretending like corporations are not in it to make money. They always chase the profit not the ideology.

[newtovenice]

I've looked for some of the commercials.

Basically if you join -- right now -- if you have a bunch of streaming services your score goes up?

Is that it?

[AfriqueNY]

I cannot believe that people in 2022 still think that credit score companies are there to help or reward them. It's a for profit business. If I make 200k a year and never buy anything with credit and save save save I'm not putting any money in their pockets. The whole system is pure genius. Make people think they are hot $#@+ for having high credit score. How do you get a high credit score? Amass debt. And pay down on it on time making sure you pay interest. No matter how how little. Debt debt debt. Those that don't need credit well they don't matter cause they can't pay you interest.