Re: Ford, Experian, illegal file access
From the article: The people contacted also were advised to obtain credit reports from the three primary credit reporting agencies
VERY interesting ... 13,000 persons contacted and 'advised' to order their credit reports from "the three primary credit reporting agencies". And that's because one of the CRA's contacted Ford to "tell" them about some inquiries.
Now, that's 13,000 people. If each person heeded the advice and obtained a credit report and/or credit manager services (i.e, CreditExpert), here's the net result (approximate figures):
EQU: $ 117,000
Reports WITH scores:
EXP: $194,000 (same - couldn't find 'report only')
Credit Manager services:
EQU: $ 909,000
On the LOW end, it's $415,000 worth of revenue for the CRA's.
On the high end, it's over $2,100,000. TWO MILLION BUCKS!
Kinda makes you wonder if the CRA's aren't fabricating these types of stories (or actually adding inquiries to credit reports) JUST TO GENERATE REVENUE FOR THEMSELVES !!
- As you wander through this life, no matter what your goal,
Keep your eye upon the donut and not upon the hole.