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Is it a conflict of interest for the credit bureaus, Equifax/TransUnion to act as sole gatekeepers of credit scores using their own rules, then profit selling products to “fix” them?
Is it a conflict of interest for the credit bureaus, Equifax/TransUnion to act as sole gatekeepers of credit scores using their own rules, then profit selling products to “fix” them? Their products only improve their own bureau’s scores, so people trying to improve their credit get suckered all the way around by both companies or risk one score being even more out of sync with the other than they often already appear. Essentially Equifax and Transunion determine their own algorithm that is used to determine everyone’s scores...
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