Credit score firm merger could be 'negative' for customers, says competition watchdog - MSE News

Former_MSE_Callum

Experian’s takeover of fellow credit score firm ClearScore is likely to result in less intense competition and could harm the development new products, the competition watchdog has said...

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'Credit score firm merger could be 'negative' for customers, says competition watchdog'

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redux

New products?

Credit score competition? :rotfl: What an odd concept.

It's trading on the basis of earning affiliate referral commission for other products. Are the credit cards and loans themselves likely to change as a result of this? I doubt it.

Edit: Was an equivalent amount of fuss or attention created when TransUnion sold Noddle to Credit Karma earlier this month?

PRAISETHESUN

If the scores actually meant anything this might be a problem, but since they aren't...

[Deleted User]

Development of what new products?

Useless (borderline fraudulent) "score" boosting products?

All people should look at is the data on their reports, and they can request free statutory report when they need one direct from the CRA.

"ClearScore CEO and co-founder Justin Basini said: “We’re disappointed in the CMA provisional findings, but remain confident the deal will be approved, not least because of recent developments in the UK’s dynamic financial comparison market."

In other words he's waiting for his payoff...