Wednesday, October 04, 2006

Another Reason Open Creditcard Accounts Can Ruin You

Consumer Report’s reveals things you might want to know about your financial privacy:

  • Data brokers are willing to sell even your most sensitive information to paying customers, some of them crooks.
  • When credit bureau employees asked to see their own files, they received scant information. One report contained 31 errors.
  • The federal government is a steady customer of the data collectors, but there’s no way to know what it collects or exactly how much it pays.
  • Pretexters, who lie to get information about you and sell it to anybody, operate largely free of regulation.

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