topic Re: Conspiracy Theory in Credit Cards

Conspiracy Theory

youngman1234 — Wed, 21 May 2014 14:58:31 GMT

Hello,

On a serious note I seriously feel that putting too much information about ourselves on the forum hurts us more than helps. I used to post multiple times a day, but now have stopped. I just simply read and observe now and look for advice.

Don't think I'm paranoid trust me I don't give a **bleep** about creditors watching me on the forum. But I seriously think "Chase " refers to this forum alot.

Everytime I would talk about credit information or advice with chase they would refer me to these forums.

If any credit rep/ risk analyst/ lending department came to these forums they could easily identify which user we are. Under most people signatures are their current cards. They just have to cross reference that with your credit report which they have and their you go they know everything your talking about on these forums.

Do you think this really happens ?? I'm not taking about when you go for CLI, apply for a new card, soft pulled my creditors AR, non of that normal stuff.

I mean when they like dig into you like crazy, usually this happens if something out of the ordinary happens. Like for example chase closes your credit cards. This has happened to a few people on the forum. But do you think when they close your cards they actually look at what we talk about on these forums ??

Please don't think I'm paranioid I was just starting a topic on the forum and that I personally feel does happen, but not to a crazy extent like every creditor trying to do a search on the forum to identify all their clients, but I feel it is really easy to a creditor to look at our signatures and see our current cards and then match that against credit report and bam you know exactly which user we are.

Re: Conspiracy Theory

PlasticOrPlastic — Wed, 21 May 2014 15:01:56 GMT

Do you by chance wear an aluminum foil hat? LOL JK!

I guess anything is possible but what would Chase gain from combing through these forums, and cross refencing to find out who is who? If it is true I hope they read my posts about how they wont give me a Freedom card lol. I just dont think there would be enough gain in paying someone to "manage" these forums.

Re: Conspiracy Theory

youngman1234 — Wed, 21 May 2014 15:14:23 GMT

I don't think they actually pay people that would freaking amazing and would explain alot why these banks needed a bailout..lol I'm saying that once your put under their microscope do you think that really happens.

Risk departments at big banks like Chase BOA are only 30-40 people. Now there mught be multiple risk departments but still the group is pretty small. These are the guys that once your accounts gets flagged by the computers they do the manual review looking into any financial info u have, cross reference your deposit accounts if you any with them and then make a decision to close you, cld you, or take any AA against you.

Re: Conspiracy Theory

Genkeim — Wed, 21 May 2014 15:45:58 GMT

Not sure that would hold up. There's no verification that what individual posters post is accurate. I can make up whatever cards/limits I want and put it in my sig. Doesn't make it real. Even assuming the data is legit they'd have hundreds/thousands of matches with the limited data points given.

When dealing with millions of records/people and limited data points you're not the unique snowflake you think you are

Re: Conspiracy Theory

Dw4250 — Wed, 21 May 2014 16:03:47 GMT

@EndlessRoad wrote:
Do you by chance wear an aluminum foil hat? LOL JK!

I guess anything is possible but what would Chase gain from combing through these forums, and cross refencing to find out who is who? If it is true I hope they read my posts about how they wont give me a Freedom card lol. I just dont think there would be enough gain in paying someone to "manage" these forums.

Exactly. What would Chase, BOA or AMEX gain from "monitoring" this site? These banks are about dollars and sense. Investing either considerable man hours or investing in highly sophisticated, NSA-type data mining software just to monitor the "activities" on here seems highly unlikely.

If there were an obvious gain for these banks (or if we were somehow giving away Colonel Sanders' secret formula!), I'm sure they would monitor. But there isn't...so they don't.

Sleep well, my friend.

Re: Conspiracy Theory

Anonymous — Wed, 21 May 2014 16:36:13 GMT

I think very few posts actually give info an issuer would care enough about (to change a decision). So I don't talk about my plan to suddenly max out my cards and leave the country on June 6th for example, or that the majority of the cards in my sig are obtained under stolen SSNs.

Most other things really aren't worth their attention, even things that might seem significant to us, like ways to get a second CSP bonus.

I remember a while back there was a person who reported to NFCU postings where people implied/stated that they had managed to obtain membership through invalid means, but even then it seemed like they weren't that interested, presumably because tracking down the individual was too much work.

So I wouldn't worry! There are other forums which would be of more concern first.

Re: Conspiracy Theory

eddie84 — Wed, 21 May 2014 16:36:40 GMT

Last time I mentioned on here about my US Bank Visa card being one of my lowest CL and that I'm boycotting it by SD the darn thing, a couple days later I got an increase on that particular card (so now out of the drawers it goes lol). Things like this make me stay up at night wondering what not to say on these forums.

Re: Conspiracy Theory

ambivalent — Wed, 21 May 2014 17:21:14 GMT

That's an interesting thought. I think I'd like to work in that department. I'd be paid to spend my days on here and it would be my actual job instead of my being here surfing and trying to fit work in hahaha.

Re: Conspiracy Theory

thom02099 — Wed, 21 May 2014 17:27:09 GMT

@youngman1234 wrote:
Hello,

On a serious note I seriously feel that putting too much information about ourselves on the forum hurts us more than helps. I used to post multiple times a day, but now have stopped. I just simply read and observe now and look for advice.

Don't think I'm paranoid trust me I don't give a **bleep** about creditors watching me on the forum. But I seriously think "Chase " refers to this forum alot.

Everytime I would talk about credit information or advice with chase they would refer me to these forums.

If any credit rep/ risk analyst/ lending department came to these forums they could easily identify which user we are. Under most people signatures are their current cards. They just have to cross reference that with your credit report which they have and their you go they know everything your talking about on these forums.

Do you think this really happens ?? I'm not taking about when you go for CLI, apply for a new card, soft pulled my creditors AR, non of that normal stuff.

I mean when they like dig into you like crazy, usually this happens if something out of the ordinary happens. Like for example chase closes your credit cards. This has happened to a few people on the forum. But do you think when they close your cards they actually look at what we talk about on these forums ??

Please don't think I'm paranioid I was just starting a topic on the forum and that I personally feel does happen, but not to a crazy extent like every creditor trying to do a search on the forum to identify all their clients, but I feel it is really easy to a creditor to look at our signatures and see our current cards and then match that against credit report and bam you know exactly which user we are.

Highly unlikely, based on the very limited info available here. They don't know your name, DOB, SSN, location, gender. Just because you use "youngman1234" as your identifier...doesn't necessarily make you a "young man". You could be mid 60s and female for all the credit card company(ies) know.

Credit card companies are in business to make money. If they can't make money off a particular function within the company, it's chances are practically nil.

Your chances of winning PowerBall are probably greater!

Re: Conspiracy Theory

Anonymous — Wed, 21 May 2014 17:38:15 GMT

@prettylady wrote:
That's an interesting thought. I think I'd like to work in that department. I'd be paid to spend my days on here and it would be my actual job instead of my being here surfing and trying to fit work in hahaha.

It's probably like working in a chocolate place or whatever is currently desirable. Once it becomes work, "Oh God, it's Monday and I have to get back on the [expletive deleted] MyFico site and read all those stupid posts. I HATE my job!"

Re: Conspiracy Theory

SunriseEarth — Wed, 21 May 2014 17:41:00 GMT

@Dw4250 wrote:
@EndlessRoad wrote:
Do you by chance wear an aluminum foil hat? LOL JK!

I guess anything is possible but what would Chase gain from combing through these forums, and cross refencing to find out who is who? If it is true I hope they read my posts about how they wont give me a Freedom card lol. I just dont think there would be enough gain in paying someone to "manage" these forums.
+1

Exactly. What would Chase, BOA or AMEX gain from "monitoring" this site? These banks are about dollars and sense. Investing either considerable man hours or investing in highly sophisticated, NSA-type data mining software just to monitor the "activities" on here seems highly unlikely.

If there were an obvious gain for these banks (or if we were somehow giving away Colonel Sanders' secret formula!), I'm sure they would monitor. But there isn't...so they don't.

Sleep well, my friend.

+1. This is a finger lickin' good post!

Re: Conspiracy Theory

Anonymous — Wed, 21 May 2014 17:47:02 GMT

Parsing what people say on forums? Nah, too much effort. As shady head of loans at Acme Bank, I need precise, actionable data. 2 words my friend, public records.

Re: Conspiracy Theory

CreditCuriosity — Wed, 21 May 2014 17:44:45 GMT

Not going to happen OP. I use to work for a major CC company writting software for them. More so on the database side. If anyone tried to query up peoples info for any reason other then a work related issue they would be fired and monitoring forums wouldn't qualify for that and you would have to have back end SQL access to do alot of what you mention. That is what Database auditing is for to keep people from doing stuff they aren't suppose to do. I use to work for the IRS as well and if people looked up peoples info for any other reason then work related welcome to possible prision time.

Re: Conspiracy Theory

ambivalent — Wed, 21 May 2014 17:45:48 GMT

@Anonymous wrote:
@prettylady wrote:
That's an interesting thought. I think I'd like to work in that department. I'd be paid to spend my days on here and it would be my actual job instead of my being here surfing and trying to fit work in hahaha.
It's probably like working in a chocolate place or whatever is currently desirable. Once it becomes work, "Oh God, it's Monday and I have to get back on the [expletive deleted] MyFico site and read all those stupid posts. I HATE my job!"

LOL! But then you get to read the entertaining threads and that makes it all worth it.

Re: Conspiracy Theory

Anonymous — Wed, 21 May 2014 17:58:45 GMT

@CreditCuriousity wrote:
Not going to happen OP. I use to work for a major CC company writting software for them. More so on the database side. If anyone tried to query up peoples info for any reason other then a work related issue they would be fired and monitoring forums wouldn't qualify for that and you would have to have back end SQL access to do alot of what you mention. That is what Database auditing is for to keep people from doing stuff they aren't suppose to do. I use to work for the IRS as well and if people looked up peoples info for any other reason then work related welcome to possible prision time.

But the OPs concern wasn't about unauthorized employees doing this, it was about a team who would have this as their primary job function.

So in telecomm, we do indeed fire employees who look up the call records of their SO, or ex-SOs, or those who get a friend to do it, basically you need a valid business purpose to do this. But we do indeed have a team authorized to do this in [cases where it needs to be done]

Not that I think what the OP proposes does happen (because of lack of worth) but it's not the case you are talking about.

Re: Conspiracy Theory

CreditCuriosity — Wed, 21 May 2014 18:07:19 GMT

I can only speak for the CC company I worked for as I would be one of the people that pulled up auditing reports for upper-management and we didn't do any such thing. I just really can't see any justifcation or practical need for OP's possible theory. Everyone is entitled to their own opinion though. Who knows maybe there are banks that do, but we weren't one of them

Re: Conspiracy Theory

TRC_WA — Wed, 21 May 2014 18:14:19 GMT

Great... Now I'm gonna have to stop using my real name on these forums.

Ugh.

Re: Conspiracy Theory

Anonymous — Wed, 21 May 2014 18:22:49 GMT

@CreditCuriousity wrote:
I can only speak for the CC company I worked for as I would be one of the people that pulled up auditing reports for upper-management and we didn't do any such thing. I just really can't see any justifcation or practical need for OP's possible theory. Everyone is entitled to their own opinion though. Who knows maybe there are banks that do, but we weren't one of them

As if you'd say anything else but what you just said. LOL. Me and OP are on to your game, Mr. Man.

Re: Conspiracy Theory

CreditCuriosity — Wed, 21 May 2014 18:28:41 GMT

LOL

Re: Conspiracy Theory

Anonymous — Wed, 21 May 2014 18:37:32 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
I can only speak for the CC company I worked for as I would be one of the people that pulled up auditing reports for upper-management and we didn't do any such thing. I just really can't see any justifcation or practical need for OP's possible theory. Everyone is entitled to their own opinion though. Who knows maybe there are banks that do, but we weren't one of them
As if you'd say anything else but what you just said. LOL. Me and OP are on to your game, Mr. Man.

Come on! No-one is monitoring your posts and matching you up to a real customer, it's just not cost-effective.

BTW, we are a little concerned by your recent Walgreens charge for $36.77, this is the third visit in a week. Something wrong?