ClearScore

[jzw95]

@anon23935806

To be honest this whole credit history industry is really scammy. How is it even legal to hold personal information about someone and not even give them access without paying? (And even if you pay you never get the raw data)

I feel the same, it seems like one big scam. One thing I was wondering, is what is the incentive for banks/utilities/etc. to report to the CRAs? In the Overdrafts post, Venkat said the following:

@venkat

We are currently using Callcredit, over the long run we would like to share this with more agencies.

It made me wonder why it’s in Monzo’s interest to share this information with more agencies? Do institutions that report to the CRAs get paid to do so?