Credit Scores, Credit Reports & Credit Check Services Market Outlook, Demand, Key Player and …

‘The primary purpose of the report is to highlight the many important global Credit Scores, Credit Reports & Credit Check Services market dynamics …

‘The primary purpose of the report is to highlight the many important global Credit Scores, Credit Reports & Credit Check Services market dynamics like important facets, drivers, trends, along with restraints which are influencing the industry.’ This Credit Scores, Credit Reports & Credit Check Services report has provided an indicator to the readers with the economy current status.

The analysis on the Credit Scores, Credit Reports & Credit Check Services Market provides complete data. Components, as an instance, the situation of the small organization enterprise, significant players size, SWOT analysis, and also patterns on the market are within the study. Along with that, the Credit Scores, Credit Reports & Credit Check Services report tables, numbers on growth, figures, and graphs offering a view of this market.

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Prominent Key Players Credit Scores, Credit Reports & Credit Check Services Insight Report:

Experian, Equifax, Trans Union, Identity Guard, IdentityForce, PrivacyGuard, Credit Sesame, MyFICO, Credit Karma

Segment by Type:

  • Credit Scores
  • Credit Reports
  • Credit Check

Segments by Application:

  • Private
  • Enterprise

Leading Geographical Regions in Credit Scores, Credit Reports & Credit Check Services Market:

North America, Asia-Pacific, UK, Europe, Central & South America, Middle East & Africa

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Key Questions Answered in this Report — Credit Scores, Credit Reports & Credit Check Services Industry, Status, and Forecast from Players, Types, and Applications

  1. Which all Credit Scores, Credit Reports & Credit Check Services organizations are profiled from the report?
  2. What all segmentations covered?
  3. Which would be global Credit Scores, Credit Reports & Credit Check Services market opportunities and restraints with producers in the industry?
  4. Which will be the Credit Scores, Credit Reports & Credit Check Services trending variables currently impacting the market shares?
  5. What will be the global Credit Scores, Credit Reports & Credit Check Services market size in 2025?
  6. Who will be the top vendors in Credit Scores, Credit Reports & Credit Check Services market?
  7. What’s going to be the growth speed?
  8. Which will be the significant Credit Scores, Credit Reports & Credit Check Services market trends?
  9. Which industry regions are currently affecting on Credit Scores, Credit Reports & Credit Check Services market’s development?
  10. Which will be the trending factors of Credit Scores, Credit Reports & Credit Check Services Market?

The analysis on the Credit Scores, Credit Reports & Credit Check Services market also provides a chronological fact-sheet concerning this mergers, acquirements, activities, along with partnerships widespread from the market. Great tips by pros on spending in Credit Scores, Credit Reports & Credit Check Services advanced work will help in usefulness in class contestants as well as also trusted associations for the predator that is improved at the building parts of their Credit Scores, Credit Reports & Credit Check Services market players may attain an apparent comprehension of the major competitions along with their prospective predictions.

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Customization of this Report: This Credit Scores, Credit Reports & Credit Check Services report could be customized to the customer’s requirements. Please contact our sales professional (sales@marketresearchglobe.com), we will ensure you obtain the report which works for your needs.

Bug reveals your credit info to strangers on the web

One of the most well-known names in the credit monitoring industry is Credit Karma. It’s a free service that millions of Americans use to check their …

A well-known credit monitoring company experienced what it’s calling a glitch. That “glitch” allowed people to see strangers’ credit reports and in some cases personal information.

The information was more of a mashup. A person’s proper credit score would appear but when they clicked another tab they would see no personal information on the stranger.

Keep reading and we’ll tell you more about the problem and how the company is responding to the issue.

Bad karma for Credit Karma

One of the most well-known names in the credit monitoring industry is Credit Karma. It’s a free service that millions of Americans use to check their credit scores.

Customers on Twitter have been telling tales of logging in to their Credit Karma account only to find someone else’s credit information.

@creditkarma when I use your account overview it keeps showing me random peoples account history and balances instead of my own #databreach#equifax#equifaxdatabreach#creditkarma

— Quinn™ (@QuinnLife) August 14, 2019

Some people took the news in stride.

Highlight from last night’s dinner with friends… when we all pulled out our phones and opened the credit karma app to look at our scores. #adulting#creditkarma

— Rachel Soria (@rachels209) August 10, 2019

Other Twitter users reached out to warn the public.

Anyone with a #CreditKarma account?

Get in touch please.

— Paul Moore (@Paul_Reviews) August 15, 2019

A spokesperson for CreditKarma told Komando.com there was no evidence of a data breach but rather a technical issue that the company believes has been fixed. The spokesperson added that the problem affected 0.5% of Credit Karma members and “we have confirmed that no Social Security numbers or individual account numbers were exposed.”

The company said it is investigating between 1,000 and 2,000 instances where “personally identifiable information could have been exposed, and if confirmed we will, of course, notify any affected individuals as soon as possible.”

Related: 5 critical settings so hackers can’t access your bank accounts

Equifax’s major data breach

Along with offering free credit score monitoring and reports, Credit Karma also allows users to check their scores against other credit agencies such as Transunion and Equifax.

Equifax, of course, is trying to emerge from a data breach in 2017. And this was a major breach, not just in size but also in the type of information stolen.

More than 145 million Americans’ information was exposed, including Social Security numbers, dates of birth, home addresses, driver’s license and credit card numbers, tax identification numbers, phone numbers, email addresses, credit card expiration dates and issuing states for driver’s licenses.

This year, the U.S. Federal Trade Commission fined Equifax $575 million, which included up to $425 million to help people affected by the data breach.

Free credit report and score

If you’re trying to get a mortgage, take out a car loan, open a new credit card, rent an apartment or find a new job, there’s one thing that can make or break the whole deal. Yep, we’re talking about your credit report.

Click or tap here to read more on how you can fid your credit score.

Please share this information with everyone. Just click on any of the social media buttons on the side.

Please share this information with everyone. Just click on any of the social media buttons below.

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Equifax Cash Settlement Backtracking Leaves a Bad Taste

The FTC should have known that the mere existence of firms like Credit Karma shows the monetary value of credit monitoring to consumers to be $0.

Last month, the Federal Trade Commission, in conjunction with the Consumer Financial Protection Board and all 50 US states, announced a settlement of up to $700 million with Equifax over that company’s 2017 data breach exposing personal information on 147 million Americans. This settlement was different from some previous ones, where the main benefit to victims—if there was any at all—was free credit monitoring. In this case, victims could opt for a cash payment of up to $125 instead of credit monitoring and could apply for additional financial restitution for time wasted dealing with Equifax’s negligence. The FTC said the settlement included up to $425 million to help those affected by the breach.

Unsurprisingly, this was big news, and we in the media responded by publicizing the heck out of it (see “You May Be Entitled to $125 or More in the Equifax Breach Settlement,” 26 July 2019). People responded, with millions signing up for their cash payments: $125 if you already had credit monitoring and $25 per hour for up to 20 hours that you spent dealing with the breach, plus coverage of your out-of-pocket losses up to $20,000. Sounds good, right? Finally, the people who are actually harmed in a data breach are recompensed for their trouble!

That was when the fine print got big. It turns out that the actual settlement caps the $125 alternative reimbursement payments at $31 million, and it caps the claims for lost time at another $31 million. In both cases, if the claims exceed the cap, all payments will be reduced on a prorated basis. So much for that $425 million number.

Within a few days, Robert Schoshinski, Assistant Director in the Division of Privacy and Identity Protection at the FTC, was bluntly encouraging everyone to take the free credit monitoring instead of the payments because millions of people had already signed up for the cash. The FTC also updated the FAQ in its informational page about the settlement to clarify the payment caps and the likelihood that you’d get much less than was promised.

That may be the reality of the situation, but it leaves a bad taste in the mouth for a variety of reasons.

Denial Isn’t Just a River in Egypt

Back in 2017, Equifax’s then-CEO, Richard Smith, apologized in an op-ed in USA Today. But apparently, once such an apology has been published (and the CEO who made it has been sent packing along with the chief information officer and chief information security officer), the company can negotiate a different reality.

The breach settlement site now says:

Equifax denies any wrongdoing, and no judgment or finding of wrongdoing has been made.

It grates to have Equifax—whose negligence resulted in information about 147 million Americans being exposed to criminals—pretending that it did nothing wrong. If it had done everything right, the breach never would have happened in the first place. Hackers are not an “act of god” equivalent to an earthquake or tornado. Equifax should be saying:

We messed up. We manage a vast amount of confidential, potentially damaging information about nearly all Americans, and we failed to protect it. For that, and for any inconvenience, emotional distress, or financial hardship that our negligence caused, we are truly sorry. Here’s how we’re going to make it up to you.

Making the bad taste worse is the fact that those Equifax executives got to “retire” (rather than being fired), which means that they’ll keep their unvested stock compensation. For ex-CEO Richard Smith, that was worth over $90 million.

Fines and Restitution

In the law, there is a difference between a fine and restitution. Fines go to the government prosecuting the crime, whereas restitution goes to the victims of the crime. Since we’re talking about a settlement in which Equifax gets to deny all wrongdoing, there’s apparently no crime in play. Regardless, the settlement includes both. The fines include $175 million to the states and $100 million to the Consumer Financial Protection Bureau, and the restitution is the $425 million directed to repay consumers.

Many of us are angry with the FTC’s settlement because the $31 million caps mean that the initial promise that consumers could get significant cash damages has proven to be false. The FTC should have known that the mere existence of firms like Credit Karma shows the monetary value of credit monitoring to consumers to be $0. Plus, although the credit monitoring also provides identity theft insurance and identity restoration services, Credit Karma suggests that those are not generally worth purchasing on your own. (Happily, Equifax will have to pay other companies to provide these services and can’t benefit in any way from them. So at least the fox’s failure to guard the henhouse isn’t being punished with a chicken dinner.)

The massive interest in those payments shows that the FTC utterly underestimated what consumers actually want in compensation. Perhaps the FTC will adjust its formula the next time this happens, but for now, we just have to swallow our bitter medicine.

We Are the Sausage

The final sour aspect of this situation is the fact that most people never asked to do business with Equifax. We’ve all become concerned about the spread of our personal information and how it can be used against us, but collecting and sharing data about us is Equifax’s core business (as it is for competitors Experian and TransUnion too).

At least the likes of Google and Facebook provide us with services we choose to use in exchange for our data. In comparison, the credit reporting agencies sell our data to other companies with whom we want to do business. They couldn’t care less about us because we’re just raw materials to them. It’s easy to find examples (Equifax, Experian, TransUnion) of them being sued for failing to remove incorrect information, concealing charges, and other violations of the Fair Credit Reporting Act. Dealing with pesky consumers is just a cost of doing business.

As the saying goes, if you’re not paying for it, you’re not the customer; you’re the product being sold. And if we’re not customers, there’s certainly no need for customer service.

Of course, the final reason the Equifax breach settlement leaves a bad taste in the mouth is that there’s nothing we can do about any of this other than letting the FTC know that we’re unhappy with how things worked out. Perhaps leave a comment on the agency’s blog post. I can’t see it making any difference, but it might make you feel a little better.

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Global Credit Scores, Credit Reports & Credit Check Services Market Analysis 2019: Experian …

… throughout the globe are: Experian, Equifax, Trans Union, Identity Guard, IdentityForce, PrivacyGuard, Credit Sesame, MyFICO, Credit Karma.
Credit Scores, Credit Reports & Credit Check Services Market

Market Research Place presents a new market research analysis titled Global Credit Scores, Credit Reports & Credit Check Services Market Size, Status and Forecast 2019-2025 which delivers valuable and actionable insights into the global Credit Scores, Credit Reports & Credit Check Services industry covering market performance, history, scope, as well as the market size and share. The report traverses through the historic and current phase of the market and provides reliable and trustworthy market predictions based on market size, share, demand, sales, and revenue. It is composed by using proficient standardized tools like S.W.O.T analysis and judgment of the global Credit Scores, Credit Reports & Credit Check Services market.

The major players who are leading the market throughout the globe are:Experian, Equifax, Trans Union, Identity Guard, IdentityForce, PrivacyGuard, Credit Sesame, MyFICO, Credit Karma

Get Free Sample Copy of Report/Sample Request @ https://www.marketresearchplace.com/report-detail/83492/request-sample

The report deeply analyzes market competitive landscape, crucial segments, sub-segments, industry environment, market fluctuations, and economic impacts to offer a comprehensive lookout of the industry. The report has included each and every characteristic of the global Credit Scores, Credit Reports & Credit Check Services market that involves the basic fundamental info of the market as well as important aspects. It further offers analysis on the key chunks of the market and their geographical diversification.

The geographical regions data will help you in targeting all the best-performing regions. The section covers:North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Spain, Russia, Central & South America, Brazil, Rest of Central & South America, Middle East & Africa, GCC Countries, Turkey, Egypt, South Africa

Report Covers:

  • Regional context with market size and trends in the global market
  • The economic, demographic and political context in the global market.
  • Analysis as well as historical figures and forecasts of revenue from the markets.
  • A look at changes in the breakdown of overall revenue between 2014 to 2025
  • An examination of key trends in competition and in the performance, revenue market shares and expected moves of service providers over the next few months.
  • A quantitative analysis of service adoption trends by technology and by consumers, as well as of average revenue client and revenue through the end of the forecast period.
  • The report provides the near-term opportunities for operators, vendors and investors in Global Credit Scores, Credit Reports & Credit Check Services markets.

Browse the complete report and table of contents @ https://www.marketresearchplace.com/report/global-credit-scores-credit-reports-credit-check-83492.html

Global Market Report Enfolds:

Essential properties of the global market covered in the report are upcoming aspects, limitations, and growth factors related to every segment of the market. Additional properties featured in the study include supply and demand, the chronological presentation, and manufacturing capacity. The report then underscores market dynamics, driving forces, limitations, and restraining factors. Precise segmentation analysis has covered by types, applications, regions, and others. It also figures out futuristic estimations for market demand, production, and sales volume, and market development rate after examining historic and current market occurrences at a minute level.

Moreover, the report figures out futuristic estimations for market demand, sales volume, production, market development rate, historic and current and market occurrences. Distinct ranges of elements such as production capacity, price, demand, supply chain/logistics, profit/loss, material parameters/specifications, and the growth factor have been reviewed in the report.

Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@marketresearchplace.com), who will ensure that you get a report that suits your needs.

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Identity verification startup Truework raises $12M from Sequoia and others

The Series A round was led by Sequoia Capital and included Stanford University, Khosla Ventures, Menlo Ventures and Founder Collective. Founded …

Identity verification startup Truework today said it has raised $12 million in new funding to scale up its product and engineering teams and expand the scope of its identity platform for consumer and enterprise users.

The Series A round was led by Sequoia Capital and included Stanford University, Khosla Ventures, Menlo Ventures and Founder Collective.

Founded in 2017, Truework, formally called Zethos Inc., is building a network for verified identity that is claimed to put consumers in control of their sensitive personal information. The company is primarily focused on verifying employment and income data for the lending and housing markets.

The company does so by digitizing data for human resources departments, banks and others to make it easier for employees to be verified when apply for things such as loans and apartment rentals. Described by some as being an alternative to the likes of Equifax Inc., Truework doesn’t so much act as a traditional credit reporting agency but at the same time offers not-dissimilar services in terms of proving financial capacity data to lenders and those who rent homes and apartments.

Trueworks’ platform integrates with human resources and payroll systems to automatically process employment and income requests. With an emphasis on privacy and permission use, employees are given the power to approve or deny any request for their information while also allowing those requesting the information easier access to it when approval is granted.

The company claims more than 3,000 financial institutions as customers with Truework’s platform already verifying data for over $2 billion in home loans.

“We are working to fundamentally change the data economy, in which credit bureaus continue to squeeze profits by abusing the privacy of consumers,” Ryan Sandler, co-founder and chief executive officer of Truework, said in a statement. “When third parties receive access to private data, it is often a complete black box for individuals. Truework is bringing these processes front and center, putting more control into the hands of the consumer.”

Including the new funding, Truework has raised $14.9 million to date.

Image: Truework

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