4 ms·
My biggest concern are insurance companies and potential employers.
by crobertsbmw 8y ago
My biggest concern are insurance companies and potential employers.
- astura 8y agoIf insurance companies and employers use that information (as well as creditors) it become subject to the FCRA; as well as subject to state, local, and federal laws about lending, insurance underwriting, and employment. This information merely existing (for advertising purposes) doesn't suddenly make it legal to use it in specifically illegal ways. For example, it's a standard practice to use a person's credit history and credit score during insurance underwriting - data shows people who are responsible with credit have less claims, so they have lower premiums. However, say you live in Massachusetts. In Massachusetts it's illegal for insurance companies to take your credit history and credit score into account when determining policy premiums. So insurance companies are not allowed to access your credit if you live in Massachusetts even though that information is widely available and used in other states.