4 ms·

Their "Verify" branding sounds like an attempt to redirect people from how it actually works. https://www.experian.com/content/dam/marketing/na/assets/im/consu

Their "Verify" branding sounds like an attempt to redirect people from how it actually works. https://www.experian.com/content/dam/marketing/na/assets/im/consumer-information/product-sheets/experian-verify-for-financial-services-product-sheet.pdf https://www.experian.com/content/dam/marketing/na/assets/im/... > Experian Verify Plus > Returns income and employment information found within the last 90 days > • Experian Verify Core data > • Basic income information (gross pay, pay frequency, etc.) > Experian Verify Premium > Returns income and employment information found within the last 90 days + multi-year lookback > • Experian Verify Plus data > • Detailed income information (income breakdown, deductions, deposite information, etc.)

gruez 4y ago
https://www.experian.com/blogs/insights/2021/05/introducing-experian-verify/ https://www.experian.com/blogs/insights/2021/05/introducing-... >With a consumer’s consent, lenders can request the information from Experian and an income and employment report can be delivered to lenders [...] emphasis mine
- markdown 4y ago
  "In order to qualify for this loan, you must consent to a body cavity search which we outsource to Experian."
  - gruez 4y ago
    How's that any different than "In order to qualify for this loan, you must consent to a body cavity search which will be conducted by the guy we hired in the next room"? I suppose you can make the argument that Experian is doing a bad here by being a part of a system that helps employers get private information about you, but that seems somewhat different than the OP which implied something like "experian is gossiping about you behind your back!". It's the difference between providing cavity search as a service (with consent) compared to selling your nudes on the darkweb.
    - markdown 4y ago
      The point is that the bank has no way to perform this body cavity search itself. If Experian didn't exist, it would have to use other means of assessing risk, like all the banks in countries that don't have an Experian do.
      - gruez 4y ago
        >The point is that the bank has no way to perform this body cavity search itself. You can. They'd just ask for your payslips/tax returns.
    - selfhoster11 4y ago
      The point is that perhaps it shouldn’t be necessary to submit to a cavity search just to get a loan like that. Maybe it should even be made illegal to require something like that.
  - happyopossum 4y ago
    We're not talking about loans, we're talking about employment negotiations...
    - markdown 4y ago
      So insert "employment negotiations" and "prospective employer". The principal is the same.
      - asimpletune 4y ago
        How are they the same? One is evaluating your risk, the other your leverage.

gruez 4y ago

https://www.experian.com/blogs/insights/2021/05/introducing-experian-verify/ https://www.experian.com/blogs/insights/2021/05/introducing-... >With a consumer’s consent, lenders can request the information from Experian and an income and employment report can be delivered to lenders [...] emphasis mine

markdown 4y ago
"In order to qualify for this loan, you must consent to a body cavity search which we outsource to Experian."
- gruez 4y ago
  How's that any different than "In order to qualify for this loan, you must consent to a body cavity search which will be conducted by the guy we hired in the next room"? I suppose you can make the argument that Experian is doing a bad here by being a part of a system that helps employers get private information about you, but that seems somewhat different than the OP which implied something like "experian is gossiping about you behind your back!". It's the difference between providing cavity search as a service (with consent) compared to selling your nudes on the darkweb.
  - markdown 4y ago
    The point is that the bank has no way to perform this body cavity search itself. If Experian didn't exist, it would have to use other means of assessing risk, like all the banks in countries that don't have an Experian do.
    - gruez 4y ago
      >The point is that the bank has no way to perform this body cavity search itself. You can. They'd just ask for your payslips/tax returns.
  - selfhoster11 4y ago
    The point is that perhaps it shouldn’t be necessary to submit to a cavity search just to get a loan like that. Maybe it should even be made illegal to require something like that.
- happyopossum 4y ago
  We're not talking about loans, we're talking about employment negotiations...
  - markdown 4y ago
    So insert "employment negotiations" and "prospective employer". The principal is the same.
    - asimpletune 4y ago
      How are they the same? One is evaluating your risk, the other your leverage.