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In a letter to the Federal Trade Commission (FTC) last week, Senators Ron Wyden and Edward Markey urged the FTC to investigate several car companies caught selling and sharing customer information without clear consent. Alongside details previously gathered from reporting by The New York Times, the...
One thing I like to point out to those people is that they are assuming it’s accurate data collecting. If for some reason the data broker thought you totaled a car, you can’t do squat about insurance agencies raising their rates because of it. You’d never know, you’d just see prices going up. Heck, everybody I know who has checked their credit has seen something that needed correcting. No way data brokers are 100% accurate.
One thing I like to point out to those people is that they are assuming it’s accurate data collecting. If for some reason the data broker thought you totaled a car, you can’t do squat about insurance agencies raising their rates because of it. You’d never know, you’d just see prices going up. Heck, everybody I know who has checked their credit has seen something that needed correcting. No way data brokers are 100% accurate.