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All financial institutions sell your information, electronic or not. In my company we use services that allow us to pull tax data on every resident in the state
by CorvusCrypto 10y ago
All financial institutions sell your information, electronic or not. In my company we use services that allow us to pull tax data on every resident in the state (of CA) and we get their social, phone numbers, owned/rented properties, outstanding loans, etc. While I totally get the uneasiness of giving info to a third party, we all do that anyway in the analog world as well.
and yes, this means Mint probably sells your info, though they cover it in the privacy statement they have. [guess not actually (see reply from georgeglue1)]
EDIT: If your first statement is true, that tbh is a bit more of an alarming thing to know... oO
- georgeglue1 10y agoActually, Intuit is one of those mega-companies that could run a successful hedge fund (or sell data/access to one), but has too much to lose in their core businesses to allow them to sell data. The Mint data set might be worth, say, 8 figures a year, but if you risk a user revolt on Quickbooks, it's not worth it.
- sukilot 10y agoThe data you describe is a standard credit report and public records, not personal consumption data.
- CorvusCrypto 10y agoThis is very true. Keeping this in mind it's easier yet to get into why someone would want to shy away from 3rd party online services.
- FT_intern 10y agoWait what? It's possible to pull up random people's social, loans, etc.? As in data with PII and not anonymized data?
- db48x 10y agoPretty much, yea (they usually look you up by SSN though). Its supposed to only yo the "right" people (some kind of accreditation process), but there was that story recently where a credits reporting agency was selling the data directly to some identity thieves...