Competition watchdog raises concerns over Experian's purchase of ClearScore - MSE News

Former_MSE_Megan_F

The competition watchdog is set to investigate Experian's purchase of fellow credit reference service ClearScore, due to fears it may reduce competition for those who want to check their credit score...

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'Competition watchdog raises concerns over Experian's purchase of ClearScore'

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[Deleted User]

MSE_Megan_F wrote: »

.... due to fears it may reduce competition for those who want to check their credit score

Also worth mentioning there's so few places where you can buy unicorns these days.

badmemory

Well it would give us one less lot of info (not score obviously as totally meaningless) to check to ensure that they haven't messed up (yet again!).


What competition? We as individuals have no choice, we are stuck with the whole shower.

binaryuniverse

How are they going to resolve this in a way that satisfies all parties?

Scenario: Experian change Clearscore to use Experian data.
Outcome: Watchdog not happy.

Scenario: Experian continue to use Equifax.
Outcome: Equifax not happy about their data going to a competitor? Likely to turn the tap off, once current deal expires? Experian having to pay for other CRAs data.

Scenario: Experian budge a wedge Watchdog's way.
Outcome: What problem?

chanz4

when your file is screwed up and Experian says no we don't care

antrobus

I'm inclined to think that the consideration here, in terms of competition, relates to the people who actually pay for the CRAs services. Banks, lenders, mobile phone operators, those sort of people.

Us dweebs can access our credit records for free.

PixelPound

antrobus wrote: »

I'm inclined to think that the consideration here, in terms of competition, relates to the people who actually pay for the CRAs services. Banks, lenders, mobile phone operators, those sort of people.

Us dweebs can access our credit records for free.

But surely businesses can use Experian and equifax directly. Clearscore, like Noddle, etc are companies that offer services and access the CRA data. Unless the fear is that they will allow Clearscore to use Experian data and thus offer the service of combined data - though other companies already check more than one file.