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Equifax calls for free credit locks. Experian’s reply? Nope.

Source: Ron LIeber, N.Y.Times (Paid Registration)

When Equifax’s recently retired chief executive, Richard F. Smith, appeared before a panel of the House Energy and Commerce Committee Tuesday, he held himself out as a changed man.

After decades of maintaining high walls between the credit data that his company collects and the citizens like you and me who simply want to know what it says and means, he claimed that he and his former company now want to put us in control. We should have the ability to lock any new creditor out of our credit files, he said, and the forthcoming service that makes it possible will be free forever.

Experian’s response came about six hours later: Go pound sand.

Read Full Article: Equifax calls for free credit locks. Experian’s reply? Nope.