3 ms·
Who is selling the salary data to equifax?
by WatchDog 5y ago
Who is selling the salary data to equifax?
- jf 5y agoMy understanding is that employers provide this data in exchange for getting access to the database
- fisherjeff 5y agoI’m not sure that’s quite correct. My company doesn’t directly provide this information at all, for example: We use ADP to run payroll, and they’re the ones who have provided my data. This is (I think) more intended as a replacement for the current process a, say, mortgage underwriter uses to verify employment: (1) send email to a company-wide email account (info@company.com, in our case…) saying “please verify person X is employed as a Y making $Z as soon as possible” (2) hope email is received, (3) hope email is from the borrowers actual employer.
- sofixa 5y agoCan't they just ask for a pay stub or a letter from the employer? That's how they do it in France ( a signed and stamped "certificate" from the employer you've worked there since X, last 3 pay stubs and last two year's last ones(which have a recap for the whole year) and it seems to work fine.
- Cerium 5y agoCompanies "share" the data with Equifax in order to get some services, such as employee verification outsourced. https://theworknumber.com/partner-with-us https://theworknumber.com/partner-with-us
- fisherjeff 5y agoAt least ADP, it would appear
- capital_guy 5y agoJust curious how you figured that? If my employer uses ADP, how can I verify that ADP is the one giving this data to Equifax?
- a1371 5y agoQuickBooks
- chrisjc 5y agoBy the sounds of it, they're not selling it... they're paying for it. :O