SCAM WARNING FOR EQUIFAX USERS!

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Algenon5
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SCAM WARNING FOR EQUIFAX USERS!

Post by Algenon5 »

If you have used the the massively hacked Equifax to monitor your credit score, you MUST read this item regarding a new Equifax scam that eliminates your legal right to sue or collect damages.

http://www.huffingtonpost.com/entry/equ ... mg00000009

Al
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smudger
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Re: SCAM WARNING FOR EQUIFAX USERS!

Post by smudger »

Clauses in consumer contracts which seek to negate your legal rights are not lawful in this country.
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Re: SCAM WARNING FOR EQUIFAX USERS!

Post by Algenon5 »

I wish it was true in the US. Here no-suit clauses are legal if arbitration is allowed as a substitute, which is total bullshit. The lesson is ALWAYS READ THE FINE PRINT!

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Re: SCAM WARNING FOR EQUIFAX USERS!

Post by smudger »

Yes, we have (supposedly) independent arbitration systems for a lot of industries. The system is biased in favour of the consumer, in that you are not obliged to use them but can go straight to legal action if you wish; the company has to pay the fee whatever the result and the consumer never pays; and if you use them but are dissatisfied with the outcome, you can ignore it and proceed to court; whilst the company must accept the result and cannot appeal.

In practice, not many people will take it to court unless it has proved to be a really serious problem. But the company cannot stop you.

Maybe you need to exhume Ralph Nader as it appears that whilst America may have brought in consumer rights it is now a very long way behind Europe.
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Algenon5
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Re: SCAM WARNING FOR EQUIFAX USERS!

Post by Algenon5 »

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Algenon5
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Re: SCAM WARNING FOR EQUIFAX USERS!

Post by Algenon5 »

smudger wrote:Maybe you need to exhume Ralph Nader as it appears that whilst America may have brought in consumer rights it is now a very long way behind Europe.
Nader’s heart was in the right place. Unfortunately he also was an unstable loose cannon which resulted in his hopeless run for the presidency that took votes from Gore and elected Bush.

Al
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