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You yourself provide this info voluntarily to a bank when applying for a loan. The same bank verifies it by asking your paystubs before giving you a loan. As a
by slt2021 5y ago
You yourself provide this info voluntarily to a bank when applying for a loan. The same bank verifies it by asking your paystubs before giving you a loan.
As a rule of thunb - anything you provide to a bank for credit will be reported to credit bureau and they will sell all your personal info to the highest bidder. Or get it stolen by hackers in yet another data breach
- yunohn 5y ago> You yourself provide this info voluntarily to a bank when apply for a loan. The same bank verifies it by asking your paystubs before giving you a loan. This is really harmful phrasing - blaming the individual. > when apply for a loan This seems like general population data, nothing specific to people who’ve taken loans.
- slt2021 5y agoI was not trying to blame the individual, sorry if it appeared that way. Mostly it is the unique messed up american system of credit information exchange where consumers have no control over how their data gets collected/used/sold. I have never signed up an agreement with Equifax to store my personal data only to get it stolen occasionally. I wish US adopted more european centric models for personal data.
- est31 5y agoDo you know where I can buy this information? It might be interesting to know how much to expect from various companies. Or do they only sell to employers?
- est31 5y agoReplying to myself, there's a front page story about it now: https://news.ycombinator.com/item?id=29834753 https://news.ycombinator.com/item?id=29834753