Experian Boost

Lightning360

Deleted_User said:

Because there's no reason it would benefit the user.  

Sorry, but you do seem to be making arguments but not actually explain any of them
Your points have boiled down to "giving data is bad" but you haven't explained why it is bad and "this isn't good" but you haven't actually explained why it isn't good. 

[Deleted User]

Sorry, but you're going to need to tell me what the benefits are.  I can't list all the benefits that it won't provide.  The list would be endless. eg it doesn't improve your credit worthiness, it doesn't change how lenders see you, it doesn't increase your chances of credit, it doesn't make you rich, taller, better looking, slimmer, fitter, happier, cooler, faster or stronger.

Giving data isn't bad if there is a purpose.  But you've yet to identify the purpose.

So what is the good stuff it will provide?

Lightning360

Deleted_User said:

Sorry, but you're going to need to tell me what the benefits are.  I can't list all the benefits that it won't provide.  The list would be endless. eg it doesn't improve your credit worthiness, it doesn't change how lenders see you, it doesn't increase your chances of credit, it doesn't make you rich, taller, better looking, slimmer, fitter, happier, cooler, faster or stronger.

Giving data isn't bad if there is a purpose.  But you've yet to identify the purpose.

So what is the good stuff it will provide?

I was the one asking the questions. I asked because I didn't know and your answers didn't exactly help.

[Deleted User]

They help enormously but you need understand them and think through the issue.  

Once you've identified what you think is the benefit, you can analyse it and see it stands up. There's nothing wrong with data - it brings amazing benefits.  But you need to look beyond the headline to see what how and why it's being used.

BJV

Data is a valuable commodity.

Companies spend millions, billions a year buying and harvesting it. The boost headline sounds fab. Who would not want a better credit rating? Mine is good but it can always be better. But no boost sign up, no clever marketing can change the way an underwriter views you. Instead simply make sure you make payments on time. Make sure that the data people hold about you is correct and work on building up a good credit history. Underwriters like to see stable reliable payments.

Personally I can see no benefit other than giving loads of data to a company for free to sign up.

P.s OP the other comments where only trying to help you. You asked a question on a public forum. You will not always get answers you want.

BJV

Lightning360 said:

Deleted_User said:

Because there's no reason it would benefit the user.  

Sorry, but you do seem to be making arguments but not actually explain any of them
Your points have boiled down to "giving data is bad" but you haven't explained why it is bad and "this isn't good" but you haven't actually explained why it isn't good. 

Because data can be used to market you. The more than a company knows about you the more effective there marketing. The more effective there decision making on where and on what to target. Why do you think that every time you get a car insurance quote they want to know when your car and home insurance is due. ????? So they can start to target you on the lead up to renewal. Why do you think Tesco have a price for non club card members and club card members? So they know what you are buying so they can send you offers that appeal to you to get you back in the shop and hopefully spend more money. ???

Good credit ratings take time, regular payments and stability. Nothing more and absolutely nothing less.

Lightning360

BJV said:

Lightning360 said:

Deleted_User said:

Because there's no reason it would benefit the user.  

Sorry, but you do seem to be making arguments but not actually explain any of them
Your points have boiled down to "giving data is bad" but you haven't explained why it is bad and "this isn't good" but you haven't actually explained why it isn't good. 

Because data can be used to market you. The more than a company knows about you the more effective there marketing. The more effective there decision making on where and on what to target. Why do you think that every time you get a car insurance quote they want to know when your car and home insurance is due. ????? So they can start to target you on the lead up to renewal. Why do you think Tesco have a price for non club card members and club card members? So they know what you are buying so they can send you offers that appeal to you to get you back in the shop and hopefully spend more money. ???

Good credit ratings take time, regular payments and stability. Nothing more and absolutely nothing less.

And why is more effective marketing bad?