  The only way to get unfair reporting on your credit report removed is not by using dispute, but rather a *compliance standard.* The three main credit bureaus Transunion Equifax Experian the fourth not as well known is Innovis This is from Banks.com **The 4th Major Credit Bureau You Probably Overlooked** https://www.banks.com/articles/credit/credit-score/credit-bureau/ Some history on Innovis, * Innovis began as ACB Services, founded by Associated Credit Bureaus (ACB) in 1970. * In 1989, ACB Services was purchased and renamed Consumers Credit Associates (CCA). * In 1997 First Data Corporation purchased CCA and renamed it Innovis, Inc. * CBC Companies purchased Innovis, Inc. in 1999. * Although they have the same parent company, Innovis is different than CBCInnovis, which merged with mortgage credit-reporting agency, Factual Data, in 2019. * Innovis credit reports contain your personal information and credit history. * It does not include your credit score. * Their reports are most often used for pre-screened marketing offers. * Their services are also used by cell phone service providers. * Innovis also collects non-traditional credit information like rent payments, magazine subscriptions and utility bills. Were you aware, > Each is a "publicly-traded for-profit company" that is subject to some regulations by the government’s Fair Credit Reporting Act? Here is what Banks.com has to say about this fourth little known credit bureau, > In addition to the three major credit bureaus, there is a fourth credit agency that many haven’t heard of called Innovis. This is a company founded in 1970 under the name “Associate Credit Bureaus (ACB)” and given its current name in 1997. > You can do a credit check with Innovis and receive a copy of their credit report, but that isn’t their primary service. For the most part, Innovis deals directly with businesses to authenticate consumer data, sometimes for use in pre-approved credit and insurance offers. One thing that Innovis doesn’t provide that the other credit bureaus do is a credit score. > Innovis credit reports are generally used to verify identity or prevent fraud as part of a pre-screening measure. Final lending decisions are made according to a combination of your credit history with the other bureaus, your credit score, and Innovis combined. To get a copy of your Innovis credit report, call the company at 1-800-540-2505 or request a copy by mail at the following address: P.O. Box 1689. Pittsburgh, PA 15230-1689 Like the three main bureaus, Innovis is required by federal law to provide you with a free credit report every 12 months. Remember the data breath at Equifax in 2017? > When news of one of the largest data breaches in U.S. history hit in September 2017, a shock wave could be felt across the country. More than 145.5 million Americans were victims of Equifax’s breach, which they failed to disclose despite knowing about the issue for several months. Some credit experts recommend that those affected place an alert on their credit files with the three major bureaus. One expert, however, also recommends notifying Innovis. A report put out in 2012 by the government  https://files.consumerfinance.gov/f/201212_cfpb_credit-reporting-white-paper.pdf   NCRA is the National Consumer Reporting Association https://www.ncrainc.org/ On July 20, 2012 the CFPB published its larger participant rule permitting it to supervise companies with annual receipts from “consumer reporting,” as defined in the rule, of over $7 million. Prior to the rule’s effective date, the CFPB’s Office of Deposits, Cash, Collections and Reporting Markets (DCCR) consulted existing reports, industry, and public sources in order to be able to depict key dimensions of, and processes in, the reporting and disputing of information in the U.S. credit reporting system. CFPB = Consumer Financial Protection Bureau. In 1997 these Bureaus all got together and sat a round table and decided to be called the CDIA [the Consumer Data Industry Association] They said they were going to put a standard in place that anything being reported to a consumer credit profile must meet compliance standards to Even Be Reported! Factual nature = do I own the account? is everything verified and complete? So what is being listed and the factual nature. In Compliance Standards and whether the information meets those standards attends to reportability. Does it have the Ability to be Reported? There are 5 points of compliance these Credit Bureaus MUST meet in order to PROVE they meet Compliance Standards. You see, WORDS Are important and one could say Words are KEY! People NOT knowing the laws and standards works against them, because as I told someone trying to target me once and criticize me for having a degree and grad degree. . . Knowledge is POWER! The person targeting me claimed that, that was against God and the Bible, but I put to you the verse found in Hosea 4:6 My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children. The difference between factual disputes and compliance. The law is set up so the only way to repair credit is by Factual Dispute. This means everything else is illegal. This means the only other way creditors, i.e. civilians. i.e. humans can fight against this entity, or make a move against what appears to be a much larger existing entity is. . . to use the Compliance Standard to state "I want these items removed!" This is not using dispute, but rather Compliance Standard. If a data furnisher wants to report even someone being late on their bill there are 5 points of compliance. Many get away with not meeting them because consumers are not aware that these entities are NOT following the standards. If a consumer sends in a letter stating that these items need to be in compliance to be reported, they must send carbon copies that are handwritten copies through USPS and the MUST send it to everyone involved with that account that is being reported. Most do not want that headache, time and feel it is not worth the money to be in compliance so they must REMOVE it! So you are no longer working in their realm where the entity's have the upper hand from the consumer having a Lack of Knowledge, you are now operating under protection where the consumer points out the Obvious. . . it Doesn't Even have the ABILITY to be reported as per. . . **CONSUMER CREDIT REPORTING: COMPLIANCE GUIDELINES** From CDIA [Consumer Data Industry Association] See the Consumer Compliance Handbook: Fair Credit Reporting from the Federal Reserve found here, https://www.federalreserve.gov/boarddocs/supmanual/cch/200611/fcra.pdf Reportability vs the factual nature of what they are reporting. See the word play and how they use it to their advantage if you are Not aware of the Standards? The bottom line is. . . So the consumer sending a letter to the credit bureaus that states, "These items do not have the ability to be reported because they are not in compliance with the Compliance Standards for Credit Reporting Agencies." Therefore, anything not being reported under Metro 2 compliance jeopardizes The Integrity of WHAT is being reported which Makes it Mandatory to be deleted! What is Metro 2?  > Metro 2 is a file format used by credit bureaus to report credit information to lenders. The format is established by the Consumer Data Industry Association (CDIA) and it is used to report credit information on consumers, including credit accounts, payment history, and public records. #CreditBureaus, #TransUnion, Equifax, #Experian, #Innovis, #ComplianceStandards, #RepairYourCredit, #IncreaseYourCreditScore More Sources, https://www.innovis.com/ https://www.nerdwallet.com/article/banking/3-reports-havent-frozen-yet
在2017年的时候，信用机构Equifax发生了大规模的数据泄密事件。这件事件有多严重呢？总共1.47亿人的用户信息（包括姓名、社保号码、出生日期、居住地址甚至是一部分民众的驾驶证件号码与信用卡号码）被泄密。这可是一半美国人的数量！ 不知道是不幸还是幸运，我也在被泄密的名单上。 不幸的是，我的个人信息可能会被不法份子盗用，用于不法的事情。 幸运的是，Equifax拿出了4.25亿美元的赔偿金给信息被泄密的用户。被泄密的用户每人可选择长达10年的免费信贷监控或者拿到$125赔偿金 <img src="https://cdn.steemitimages.com/DQmVzaaTrdgtQCx1RjzgywwfwNFdYtzyE8pDCUgzoLxLXDA/image.png" alt="" /><br/> 我当然毫不犹豫的选择了后者，拿$125赔偿金,毕竟他们家出事了，我还怎么用他们家的信贷监控。 除了上面2种赔偿方式外，如果因Equifax而支付了费用，可以进行现金赔偿（最多每人2万美元） 如果你想确认自己是否符合索赔要求，点击下面链接查看（只限美国居民）： https://eligibility.equifaxbreachsettlement.com/en/eligibility?fbclid=IwAR3_KlDYNBlrEvqzC64xCKFE2lofzk-3XlQqW8-N4I5t8CAW0aLrMhwZdNI 登录网站测试后符合要求可以在线填写表格。 www.equifaxbreachsettlement.com/file-a-claim
Credit score agency Equifax has agreed to pay up to $700m (£561m) as part of a settlement with a US regulator following a data breach in 2017.  The Federal Trade Commission had alleged the Atlanta-based firm failed to take reasonable steps to secure its network. The records of at least 147 million people were exposed in the incident. At least $300m will go towards paying for identity theft services and other related expenses run up by the victims. This sum will expand to a maximum of $425m, if required to cover the consumers' losses. The rest of the money will be divided between 50 US states and territories and a penalty paid to the Consumer Financial Protection Bureau. It represents the FTC's largest data-breach settlement to date, topping a $148m penalty Uber agreed to last year. "Equifax failed to take basic steps that may have prevented the breach," said the FTC's chairman Joe Simons. "This settlement requires that the company take steps to improve its data security going forward, and will ensure that consumers harmed by this breach can receive help protecting themselves from identity theft and fraud." The agency added that among the stolen information, the hackers copied: at least 147 million names and dates of birth about 145.5 million Social Security numbers a total of 209,000 payment card numbers and expiration dates The UK's Information Commissioner's Office has already issued the company with a £500,000 fine for failing to protect the personal information of up to 15 million UK citizens during the same attack. Unpatched system Equifax had been warned in March that one of its databases - the Equifax Automated Consumer Interview System (ACIS) - suffered from a critical vulnerability, the FTC said. The ACIS was used by members of the public to check their own credit reports. But because of the way that Equifax's IT systems had evolved, it also provided a means for hackers to access other unrelated records stored by the firm. The FTC alleged that Equifax's security team ordered that the vulnerable systems be patched within 48 hours after being informed of the discovery in March 2017. But the watchdog added that the firm failed to check that this was done, and that as a consequence multiple hackers were able to exploit the flaw and steal consumers' personal details over a period of several months. To make matters worse, it said, much of the sensitive information had been stored unencrypted in plain text. As part of the settlement the FTC said that Equifax had also agreed to: carry out its own annual audit of security risks submit to an external assessment of its security efforts once every two years ensure that third-parties given access to personal data stored by the firm also have adequate data protection measures in place
https://www.equifaxbreachsettlement.com/ 
<figure> <img src="https://compote.slate.com/images/19eb5736-61cb-4953-bbec-01dd21819a3a.jpeg?width=780&height=520&rect=1560x1040&offset=0x0" alt="" /> </figure> <p><a href="https://slate.com/technology/2019/07/equifax-settlement-money-how-to-claim.html">From Slate</a>: </p> <blockquote> <p>Go claim your $125 from Equifax. Right now. Even if $125 isn’t a sum of money that matters to you, even if you don’t feel you were really directly affected by the breach. Even if the prospect of filling out a relatively brief online form fills you with more dread than the theft of all your personal data.</p> </blockquote> <p>I don’t know about “moral obligation”, but you have already paid for this, so you might as well claim it.</p> <blockquote> <p>You may be thinking, But I don’t want to give Equifax the last six digits of my Social Security number and my birthdate and mailing address after it’s demonstrated just how much it can’t be trusted! Believe me, the company already knows all that information—and so much more.</p> </blockquote> <p>Pretty much. Not only them, but everyone else knows this info too. </p> <p>Anyway, go <a href="https://www.equifaxbreachsettlement.com">claim your money</a></p> <figure> <img src="https://steemitimages.com/0x0/https://gateway.ipfs.io/ipfs/QmYmLfiGAQz7y769RwaUdKWCTVdXh46bEhHet1GgLU7iks" alt="" /> </figure> <table> <colgroup> <col style="text-align:left;"/> <col style="text-align:left;"/> </colgroup> <thead> <tr> <th style="text-align:left;" colspan="2"></th> </tr> </thead> <tbody> <tr> <td style="text-align:left;"><img src="https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmPJfqXs2ju3Nky79MgUCENqdSTzLVYVUooTEwdGmYFY1U/japandave_11245072_791234417630515_1874739560_n.jpg" alt="Hi there" id="profile_states" /></td> <td style="text-align:left;"><a href="https://steemit.com/introduceyourself/@dbooster/konnichiha-steemit-hello-for-japan">David LaSpina</a> is an American photographer lost in Japan, trying to capture the beauty of this country one photo at a time. <a href="https://steemit.com/about/@dbooster/about-david-laspina">More?</a></td> </tr> </tbody> </table> <hr /> <p>If this blog post has entertained or helped you, please follow/upvote/resteem. Also, consider a small donation. Even a little helps. </p> <p>BTC: 1Gvrie5FDBNBb6YpGBiaTvA5AyvsP814BN<br/> ETH: 0x2Ce5c2b5F3f1a888b50A7bA9002E4F742784dF9c<br/> LTC: LUVLvatsFqCubrJAVmCNQaoUdFAdnUCysU<br/> BCH: qrzdazep5xfxax0ydppun89cxfts2vup9q4wnfn025<br/> EOS: gyydsnbshege<br/> Tron: THNbSGNMkWjdnTniRqMuEfc9vkdszWas8o</p> <center>Thank you :)</center>
 --- #### _In my opinion this is a step in the right direction! The only thing that can ensure sufficient funding of infosec in organizations is a monetary incentive not to drop the ball/not to get fined!_ --- Equifax will dish out as much as $700 million on the heels of its infamous 2017 data breach that impacted 150 million customers. Equifax will pay as much as $700 million to settle federal and state investigations on the heels of its infamous 2017 breach, which exposed the data of almost 150 million customers. The consumer credit reporting agency on Monday said it will dish out $300 million to cover free credit monitoring services for impacted consumers, $175 million to 48 states in the U.S, and $100 million in civil penalties to the Consumer Financial Protection Bureau (CFPB). If the initial amount does not cover consumer losses, the company may need to pay an additional $125 million. “Companies that profit from personal information have an extra responsibility to protect and secure that data,” said Federal Trade Commission (FTC) Chairman Joe Simons in a statement. “Equifax failed to take basic steps that may have prevented the breach that affected approximately 147 million consumers. This settlement requires that the company take steps to improve its data security going forward, and will ensure that consumers harmed by this breach can receive help protecting themselves from identity theft and fraud.” Equifax, which handles data associated with more than 820 million customers and 91 million businesses worldwide, has been under public scrutiny since September 2017 when it disclosed a data breach that impacted almost 150 million Americans. The attackers managed to access information containing Social Security numbers, birth dates, addresses, and some driver’s license numbers. Equifax said it discovered the intrusion on July 29, meaning attackers apparently had access to the company’s files for nearly 12 weeks. After the data breach, Equifax was hit by multiple lawsuits, as well as investigations by the FTC, the CFPB, the Attorneys General of 48 states, and more. Equifax FTC Lawsuits claimed that Equifax failed to patch its network in March 2017 after being alerted of a critical security flaw (an Apache Struts vulnerability, CVE-2017-5638) in its Equifax Automated Consumer Interview System database (which handles inquiries from consumers about their personal credit data). This vulnerability was ultimately exploited by bad actors, leading to the data breach. As part of the agreement, Equifax also said it will take steps to enhance its information security and technology program, as well as make payments totaling $290.5 million to state and federal regulatory agencies to pay attorneys’ fees and costs in the multi-district litigation. In the past month, a slew of fines and penalties have been imposed that were tied privacy and data breach incidents. Earlier in July, the FTC slapped a $5 billion fine on Facebook for privacy violations following its Cambridge Analytica incident. Also hit with security-related fines in July were Marriott ($123 million) and British Airways ($230 million). While opinions are mixed about the appropriate penalty for these companies and Equifax, security experts for their part hope that other companies will take note of the fines when it comes to data security and privacy. “I’m far from an Equifax apologist, but the truth is it could have been anyone,” Adam Laub, chief marketing officer at STEALTHbits Technologies said in an email. “It’s not an excuse, but rather the reality we live in. The best outcome isn’t Equifax making the situation right – although that is important for all of those affected – it’s everyone else learning that the price to be paid outweighs the inconvenience of ensuring proper measures are taken to secure the data that puts them at risk in the first place. And it’s got to be from the ground up too. There’s no silver bullet.” [Link to original article](https://threatpost.com/equifax-to-pay-700-million-in-2017-data-breach-settlement/146579/)
https://upload.wikimedia.org/wikipedia/commons/thumb/2/24/Equifax.svg/langfr-1920px-Equifax.svg.png [News just came in:](https://www.nytimes.com/2019/07/22/business/equifax-settlement.html) Equifax will pay $650 Million fine for their negligence in computer security that lead to exposing sensitive information of 148 million Americans (YES, you read that right, that's half the US population!). In 2017 Equifax failed to patch a vulnerability know for 2 months, compromised HALF of the total US population, and simply gets a slap on the wrist, and of course, no one goes to jail. This is why we need decentralization and open source software. This is why we need to make the current monetary system obsolete.
<center> "Former #Equifax executive sent behind bars for insider trades, profiting on data breach" ─ #share2steem <br /><br /> </center>External Link : https://www.reddit.com/r/privacy/comments/c7vo64/former_equifax_executive_sent_behind_bars_for/<center> **r/privacy - Former Equifax executive sent behind bars for insider trades, profiting on data breach** 666 votes and 35 comments so far on Reddit   </center><br /> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><a href='https://twitter.com/btsfav/'><img src='http://pbs.twimg.com/profile_images/908964561226780672/q5YNLbIr_normal.jpg'> fav</a></center> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><sup>Posted from <a href='https://twitter.com/btsfav/status/1145948670321397761'>Twitter</a> via <a href='https://share2steem.io/?ref=ash'>Share2Steem</a></sup></center>
 <center> Equifax Has Spent Nearly $1.4bn on Breach Costs #share2steem #infosec #breach #equifax <br /><br /> </center>External Link : http://disq.us/t/3eo1ujo<center> **Equifax Has Spent Nearly $1.4bn on Breach Costs** Cautionary tale as credit agency pays heavily for 2017 incident   </center><br /> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><a href='https://twitter.com/do_i_feellucky/'><img src='http://pbs.twimg.com/profile_images/1116892786320605184/d0jAQhaz_normal.png'> doifeellucky</a></center> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><sup>Posted from <a href='https://twitter.com/do_i_feellucky/status/1128270604262674433'>Twitter</a> via <a href='https://share2steem.io/?ref=doifeellucky'>Share2Steem</a></sup></center>
Identity theft is one of the fastest growing crimes in America. Since 2012, 1 in 3 Americans have been victims of identity theft. In 2017 alone, there were over 16.7 million victims of identity fraud, leading to $16.8 billion in financial damages. Victims of identity theft must deal with the destructive nature of data breaches firsthand, whether their credit has been demolished by card fraud, bank accounts emptied, or lives upturned by all kinds of other criminal activity. Read the rest of this post here: http://bit.ly/2G6CufS
<center><img src='https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBTyvBE.img?h=630&w=1200&m=6&q=60&o=t&l=f&f=jpg' alt='share-with-dlike.jpg' /></center> ##### <p>Equifax's data breach happened over a year ago. The company came clean but the problem is the data completely disappeared. There are thoughts that there is a spy ring.</p> ##### <center><br><a href='https://www.msn.com/en-us/money/companies/the-stolen-equifax-data-has-never-been-found-and-experts-suspect-a-spy-scheme/ar-BBTyvBF?ocid=spartanntp'>Source of shared Link</a><hr><br><a href='https://dlike.io/submit.php'><img src='https://dlike.io/special/dlike-logo.jpg'></a></center>
<center> #Equifax #EquifaxHack Vulnerable software that helped cause Equifax breach still being used by major U.S. corporations | <center><img src='https://pbs.twimg.com/media/DyF3Q3PUwAAckF3.jpg'></center><br /> <br /><br /> </center>External Link : http://dlvr.it/Qxl4kZ<center> **Vulnerable software that helped cause Equifax breach still being used by major U.S. corporations** Come on, just update your software!   <br /><br /> </center>External Link : http://bit.ly/etsydeals<center> **Daily bargains! FAST USA Shipping! Shop Happy! by eBargains** You searched for: eBargains! Discover the unique items that eBargains creates. At Etsy, we pride ourselves on our global community of sellers. Each Etsy seller helps contribute to a global marketplace of creative goods. By supporting eBargains, you’re supporting a small business, and, in turn, Etsy!   </center><br /> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><b> Follow our rewarding curation trail @estream.studios on https://www.steemauto.com </center></b> <center>[Crypto Loans](https://www.bitbond.com/small-business-loans?a=3CK7CF84FN)</center> <center>[Provably fair blockchain based dice game!](https://magic-dice.com/?ref=estream.studios)</center> <center></center> <center></center> <center><b>[Share your social media posts to Steem and EARN!!!](https://share2steem.io/?ref=estream.studios)</b></center> <center></center> <center>https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmX2xLyaKdvb67hSqDwBHAFn9PpLY6eoBQvaxZTfqkgDWj/upvote%20follow%20gif.gif</center> #gaming #cryptocurrency #share2steem <center><sup>Posted from <a href='https://twitter.com/eStream_Studios/status/1090283718265040898'>Twitter</a> via <a href='https://share2steem.io/?ref=estream.studios'>Share2Steem</a></sup></center>
<center> Equifax can still be better. Its customer service representatives failed to understand even the content of my dispute. #Equifax #share2steem #disputes </center><br /> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><a href='https://twitter.com/rhettrites/'><img src='http://pbs.twimg.com/profile_images/979436451984162816/C8mn7ps6_normal.jpg'> Rhett Wilkinson</a></center> <center><img src='https://i.imgur.com/SAXfzqa.png' /></center><br /> <center><sup>Posted from <a href='https://twitter.com/rhettrites/status/1087539406632771584'>Twitter</a> via <a href='https://share2steem.io/?ref=rhettrites'>Share2Steem</a></sup></center>
<center><img src='https://dlike.io/upload/0511-Share-grphic-v211f25d5ff3f53d52febc00535b1887acd.png' alt='share-with-dlike.jpg' /></center> ##### <p>The House released it's report on the equifax data breach.</p> ##### <center><br><a href='https://oversight.house.gov/report/committee-releases-report-revealing-new-information-on-equifax-data-breach/'>Source of shared Link</a><hr><br><a href='https://dlike.io/submit.php'><img src='https://dlike.io/special/dlike-logo.jpg'></a></center>
The credit system in the United States is broken. Okay, that sounds a little hyperbolic so I'll walk it back a step - the credit system is weighted against you so that it is easier to fail than it is to succeed. There is a pervasive imbalance between positive and negative incentives which leaves the average person severely disadvantaged, and it is causing real harm. It is not hyperbole to state that the credit system is objectively unfair in its current state, and is ill-equipped to provide an objective and accurate record of a person's financial commitments. Transunion, Equifax and Experian - the three pillars of the U.S credit system, or as I like to call them: The Three Masters of your economic future. Every job you've had, every lease you've ever signed, ever residence you've ever lived at - they know it. Every loan you've received, every payment you missed, every rent check that was late - they know it. They even know when you've missed payments to your phone provider, your energy retailer, your water company (granted the fact that these companies report missed payments, which they have been known to do). These 3 private bureaus understand you better than you probably understand yourself. Or is it that they understand only a cropped version of the full picture? Why is it that a utility company can report a late/missing payment to the credit bureaus when you don't even have a line of credit with them? I didn't take a loan out from the Gas company, why is it that they can damage my credit score, and jeopardize my future borrowing potential? It could even effect where I can live, or what jobs I can have. (Eg, police often reject candidates with low credit scores) Shouldn't it make sense that, if I owe the Gas company, or my land lord money - that they should deny me the service they were rendering and seek compensation either privately or publically through the courts? This punishment (let's be honest, that's what it is) of "negative reporting" does not make sense in regard to services, it serves no real purpose other than punishment, and as I have explained, the effects of such punishment are severe and can last a disproportionate amount of time. You fall behind on 2 months of electricity bills, yet it gets used against you for up to 7 years? This seems like an extreme and destructive approach to policing the economic habits of individuals. Short term mistakes balloon into ambition crippling obstacles, kneecapping your future potential. Dreams die in under 500pt credit scores, and it's a long... long way back. The climb upwards takes 10x the effort. What makes it so easy for your credit score to plummet is that a negative report can come from any source, and they are accumulative and remain on your record for the better part of a decade, and to top it off they are almost impossible to remove. So what makes it hard for you to build credit? Why is a negative report so hard to mitigate? Simple. The total lack of positive reporting. Companies that are quick to negatively report delinquency NEVER report on time payments. In fact, the only institutions that do report positively are companies legally obligated to do so. If you have a loan with Bank of America, they MUST report on-time payments as well as delinquent ones. Let me ask you this: When was the last time AT&T reported to Equifax that you made your monthly payment on time? $100 says NEVER. They have NEVER positively reported your payments, and because they haven't, proof of your honored commitment will never be present on your credit report. If you applied for a loan, a bank would see that you missed 3 phone bill payments, but they will not see the 30 on-time payments or the 6 early payments you've made, and their decision will be not include these positive objective variables. They won't see that you've never missed a rent payment, or that you've never missed a Netflix subscription, or whatever. The negative incentives are not counterbalanced by equal positive incentives. Because of that, your application is less likely to be accepted. Because of that, anyone who views your credit history is only seeing an ugly skewed version of reality. - On the topic of positive incentives. Do you think you would be more willing to pay your utility bills if utility companies reported your on-time payments to the Three Masters? Do you think that people would be more willing to settle accounts in collections if those debt collectors reported positively when you pay? If your credit report included EVERYTHING you've done with your money, would your score really be as low as it is? I doubt it. And lastly: Why don't companies that you use report positively, yet they WILL report negatively? Here's the kicker. The bureaus charge a fee per report. It costs a business time and money, and reporting on-time payments just isn't cost effective for anyone - so it doesn't happen. If reporting fees didn't exist and companies were rewarded and lauded for positive reporting, we would see far more higher scores, and far more economic freedom in this country. Thanks for reading, this was my first blog entry - please let me know if you would like me to write more blogs like this. If you enjoyed it please leave feedback, and I'd love to read your comments. Thanks again.
 **It was the summer of 2017 and the customer acclaim advertisement bureau Equifax was advancing to advertise a massive abstracts aperture that compromised acute advice of 148 actor of its U.S. customers. “Bonthu, who was entrusted with arcane advice by his employer, abolished that advice to achieve that his aggregation had suffered a massive abstracts aperture and again approved to illegally profit,” said Richard Best of the SEC’s Atlanta Regional Office. Earlier this year addition Equifax executive, Jun Ying, was answerable with cabal trading stemming from the abstracts breach. In a statement, Equifax said that “upon acquirements of abeyant trading action by Mr. Bonthu, we anon launched a analysis of his trading action and afar him from our aggregation afterwards he beneath to abet with our inquiry.** ## This is news summary. Read full News [here](https://abcnews.go.com/Business/equifax-executive-troubled-consumer-credit-rating-agency-charged/story?id=56234016)
<center>https://latesthackingnews.com/wp-content/uploads/2018/06/JESSAMYN-FLICKR-LIZWEST-20160519.jpg</center> <br/>Last year the consumer credit bureau Equifax was hacked and consequently the personal data of more than 150 million people was leaked. Many Americans in the country felt let down by the company. After this event, a Librarian named Jessamyn West from Vermont sued Equifax in court and won $600 dollars for damages. When Equifax disclosed the breach West filed a claim with the local Orange County, asking the judge for $5000. She told the court that her mother had just died and it has added a lot of work sorting out her mom's finances whilst also having to act on the entire credit card information of the family being exposed to hackers and identity thieves. The judge finally agreed to award the victim the amount of $690 with a $90 dollars court fee. An interview with KrebsOnSecurity she said that winning will make everyone aware that everyone should question companies if their data is leaked. “I just wanted to change the conversation I was having with all my neighbours who were like, ‘Ugh, computers are hard, what can you do?’ to ‘Hey, here are some things you <em>can </em>do’,” she said. <span class="pullquote pqleft">“A lot of people don’t feel they have agency around privacy and technology in general. This case was about having your own agency when companies don’t behave how they’re supposed to with our private information.” only a small fraction of Americans are worried about how their date of birth, address and other personal data was stolen. She also said that “The paperwork to file the claim was a little irritating, but it only cost $90,” she said. “Then again, I could see how many people probably would see this as a lark, where there’s a pretty good chance you’re not going to see that money again, and for a lot of people that probably doesn’t really make things better.” Equifax was the primary target of many class action lawsuits in 2017 before the breach disclosure. In January, data privacy enthusiast Christian Haigh wrote about getting an $8,000 judgment in a small claims court over Equifax for its 2017 breach (the amount was reduced to $5,500 after Equifax appealed). Take your time to comment on this article.<br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://latesthackingnews.com/2018/06/15/librarian-sued-equifax-and-won-600-after-data-breach/</em><hr/></center>
https://i0.wp.com/media.boingboing.net/wp-content/uploads/2018/05/This-is-Equifax.png.jpg?w=768&ssl=1 "Freezing your credit report has no effect on NCTUE; what's more, NCTUE operates in a careless and incompetent fashion, with invalid SSL certificates and other glaring errors. NCTUE has a separate system for freezing your credit report there, but it doesn't work -- filling in the form and submitting it just returns obscure errors. You may be able to freeze your report by calling NCTUE, but they might charge you a separate fee, and there's no guarantee you'll get through." https://krebsonsecurity.com/2018/05/another-credit-freeze-target-nctue-com/
https://www.youtube.com/watch?v=h45gNngiHko&index=6&list=UUueLJ4vLHTwMpYILmdBjRlg
 There is some good news for those 2.4 million, however. Unlike the earlier breach victims, whose birth dates, addresses, names, driver’s-license numbers, and Social Security numbers were accessed — a few hundred thousand people also had their credit-card numbers stolen — Equifax says the only personal data breached for the latest victims were driver’s license numbers. Which isn’t great, but certainly preferable to somebody making off with your Social Security number and your credit-card number. The company did not initially identify these victims because it was focusing solely on the Social Security breach, the AP reports. To see if you were affected, check with Equifax here