Comment Re:Dumb. (Score 1) 513
When I was working as a consultant in it/finance in Scandinavia, some customers started to demand that they would be allowed (it requires the approval of the subject of the query) to request a credit report. I decided to find out what the potential downside would be. It turned out that one of the criteria for being classified as a risk was that an excessive number of credit reports had been requested for a person.
After hearing this, I refused.
As my clients were all banks, I found it incredibly easy to convince them that what they were asking for was unreasonable, using this argument:
If all of my current customers did this, then that in itself would bring down my credit rating so low that I would not qualify for a mortgage or even a credit card.
Would they be prepared to lose all people i my position as potential customers?
None of my customers persisted in their demands.
If us based credit ratings use similar criteria, and they do not have to ask permission - then you are truly screwed.