Comment by kube-system
3 years ago
Credit card companies do ask for permission to pull financial information from brokers when you sign up.
3 years ago
Credit card companies do ask for permission to pull financial information from brokers when you sign up.
What if you say no?
It's not really consent if declining affects your chances of getting credit or, worse, employment.
Yes it is, this is literally how credit works. You convince them you're credit worthy, they give you credit. If you don't like the particular information a credit company needs to trust you, then you try a different credit company.
I don't follow how declining a credit company would affect your employment, is there something I'm missing there?
Having credit is not optional in modern society.
3 replies →
If this data is available to some parties, it will eventually be available for everyone interested. Especially when we are talking about Equifax, there should be no doubt.
You simply don't get approved for a credit card if you say no. They won't even accept your application without permission to pull your data.