6 ms·

They don’t need to ask you anymore. You self-reported it to a credit agency and friends, family, potential employers can get that plus other financial informati

They don’t need to ask you anymore. You self-reported it to a credit agency and friends, family, potential employers can get that plus other financial information from these agencies.

nightski 9y ago
Where are you seeing this? There is zero income information on any of my credit reports. In addition, if it was so easy to obtain how come my credit card bank still constantly begs me to update my income information?
- swamp40 9y ago
  https://krebsonsecurity.com/2017/10/equifax-breach-fallout-your-salary-history/ https://krebsonsecurity.com/2017/10/equifax-breach-fallout-y...
- oddlyaromatic 9y ago
  > In addition, if it was so easy to obtain how come my credit card bank still constantly begs me to update my income information? I suspect this one has more to do with trying to engage you so that they may sell you more credit.
- falcolas 9y ago
  The info is supplemental to what is considered to be a credit report, and thus does not have to appear on your pulled credit reports. Similar to how your FICO score is not part of your credit report; it's a separate paid service that the credit unions pay for so they can charge their own customers.
  - nightski 9y ago
    Right, but this information is easily accessible from family & friends as the parent aluded? If so can you provide a link?
    - ikiris 9y ago
      https://www.equifaxsecurity2017.com/ https://www.equifaxsecurity2017.com/
      - astura 9y ago
        That data has been breached but it hasn't (and likely won't considering it was most likely a nation-state actor who was responsible) be released to the public. Even if it were it takes some sophistication to find the torrent, download it, import it into a database, and query that database. There's nothing easily accessible about it.
- michaelmrose 9y ago
  Basically if this doesn't already exist I could start a business tomorrow recommending salary offers to employers based on position and applicant. Possible sources of salary info include Job sites where people review and report on salary at their employer, even if anonymous its super likely that figuring out exactly who you are could be less than rocket science. Credit reporting agencies. Bullshit surveys where people answer questions like how much money you make. Really smart educated guesses based on analyses of known good data from your own and similar employers/employees. Big employers. As long as the data isn't directly shared with their fellow companies and only in fact with me they stand to benefit from me knowing how much they and their competitor pay so I can recommend the lowest salary an employee is likely to accept so they can minimize cost. In short your employer doesn't know how much you make but I do and recommend based on that info. Further I can even perpetuate racism and sexism! If minorities and women are currently paid less I can let you know to offer less and still get applicants. If I train a computer to make that determination it can even decide such without me explicitly telling it to and we can blame the algorithm instead of me! Go technology and go capitalism. High five! This is of course entirely hypothetical but sufficiently trivial that I find it hard to imagine people not doing it.
  - haldean 9y ago
    That would be illegal under this new law as well: > The bill also would prohibit an employer from seeking salary history information about an applicant for employment and would require an employer, upon reasonable request, to provide the pay scale for a position to an applicant for employment. They're not allowed to try to find out from someone else, either. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180AB168 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...
    - michaelmrose 9y ago
      They don't have to find out they just have to employ someone who can do so because they aren't beholden to california. You contract out to me wanting only to know how much you should offer. I give you a number. You offer your applicant that number. I'm not a lawyer but that doesn't seem to be illegal or even a loophole its out of scope.
- FireBeyond 9y ago
  > In addition, if it was so easy to obtain how come my credit card bank still constantly begs me to update my income information? While they may have that information, federal laws require them to have you self-report income in regards to credit offers.
deleted 9y ago
[deleted]
hota_mazi 9y ago
That's totally false, at least in the US. Credit agencies measure whether you pay your debts, nothing more.
- deleted 9y ago
  [deleted]
- IncRnd 9y ago
  Not sure why you were downvoted. Your answer is correct.
- curun1r 9y ago
  They also know how much credit has been extended to you. Credit card companies and mortgage lenders know your income when making a decision to lend. You can probably work backwards from that info to salary within a +/- 20%.
- matt_wulfeck 9y ago
  As posted above: https://krebsonsecurity.com/2017/10/equifax-breach-fallout-your-salary-history/ https://krebsonsecurity.com/2017/10/equifax-breach-fallout-y...
  - IncRnd 9y ago
    That's not the credit bureau, though. Credit files do not contain salary history.

They don’t need to ask you anymore. You self-reported it to a credit agency and friends, family, potential employers can get that plus other financial information from these agencies.

nightski 9y ago

Where are you seeing this? There is zero income information on any of my credit reports. In addition, if it was so easy to obtain how come my credit card bank still constantly begs me to update my income information?

swamp40 9y ago
https://krebsonsecurity.com/2017/10/equifax-breach-fallout-your-salary-history/ https://krebsonsecurity.com/2017/10/equifax-breach-fallout-y...
oddlyaromatic 9y ago
> In addition, if it was so easy to obtain how come my credit card bank still constantly begs me to update my income information? I suspect this one has more to do with trying to engage you so that they may sell you more credit.
falcolas 9y ago
The info is supplemental to what is considered to be a credit report, and thus does not have to appear on your pulled credit reports. Similar to how your FICO score is not part of your credit report; it's a separate paid service that the credit unions pay for so they can charge their own customers.
- nightski 9y ago
  Right, but this information is easily accessible from family & friends as the parent aluded? If so can you provide a link?
  - ikiris 9y ago
    https://www.equifaxsecurity2017.com/ https://www.equifaxsecurity2017.com/
    - astura 9y ago
      That data has been breached but it hasn't (and likely won't considering it was most likely a nation-state actor who was responsible) be released to the public. Even if it were it takes some sophistication to find the torrent, download it, import it into a database, and query that database. There's nothing easily accessible about it.
michaelmrose 9y ago
Basically if this doesn't already exist I could start a business tomorrow recommending salary offers to employers based on position and applicant. Possible sources of salary info include Job sites where people review and report on salary at their employer, even if anonymous its super likely that figuring out exactly who you are could be less than rocket science. Credit reporting agencies. Bullshit surveys where people answer questions like how much money you make. Really smart educated guesses based on analyses of known good data from your own and similar employers/employees. Big employers. As long as the data isn't directly shared with their fellow companies and only in fact with me they stand to benefit from me knowing how much they and their competitor pay so I can recommend the lowest salary an employee is likely to accept so they can minimize cost. In short your employer doesn't know how much you make but I do and recommend based on that info. Further I can even perpetuate racism and sexism! If minorities and women are currently paid less I can let you know to offer less and still get applicants. If I train a computer to make that determination it can even decide such without me explicitly telling it to and we can blame the algorithm instead of me! Go technology and go capitalism. High five! This is of course entirely hypothetical but sufficiently trivial that I find it hard to imagine people not doing it.
- haldean 9y ago
  That would be illegal under this new law as well: > The bill also would prohibit an employer from seeking salary history information about an applicant for employment and would require an employer, upon reasonable request, to provide the pay scale for a position to an applicant for employment. They're not allowed to try to find out from someone else, either. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180AB168 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...
  - michaelmrose 9y ago
    They don't have to find out they just have to employ someone who can do so because they aren't beholden to california. You contract out to me wanting only to know how much you should offer. I give you a number. You offer your applicant that number. I'm not a lawyer but that doesn't seem to be illegal or even a loophole its out of scope.
FireBeyond 9y ago
> In addition, if it was so easy to obtain how come my credit card bank still constantly begs me to update my income information? While they may have that information, federal laws require them to have you self-report income in regards to credit offers.

deleted 9y ago

[deleted]

hota_mazi 9y ago

That's totally false, at least in the US. Credit agencies measure whether you pay your debts, nothing more.

deleted 9y ago
[deleted]
IncRnd 9y ago
Not sure why you were downvoted. Your answer is correct.
curun1r 9y ago
They also know how much credit has been extended to you. Credit card companies and mortgage lenders know your income when making a decision to lend. You can probably work backwards from that info to salary within a +/- 20%.
matt_wulfeck 9y ago
As posted above: https://krebsonsecurity.com/2017/10/equifax-breach-fallout-your-salary-history/ https://krebsonsecurity.com/2017/10/equifax-breach-fallout-y...
- IncRnd 9y ago
  That's not the credit bureau, though. Credit files do not contain salary history.