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@longtimelurker wrote:
@Anonymous wrote:Sorry about the loss of your credit lines. But it came down to the choice of keeping those or having your tax info. shared with a third party company. So in this case, you made the right decision.
I wonder if this is being over-emphasized on this forum. How do we quantify the actual harm of Lexis-Nexus selling your data (in addition to whatever they have anyway)? Is this harm greater than the benefit of keeping the cards?
2009 - http://www.scmagazine.com/lexisnexis-admits-to-another-major-data-breach/article/136140/
2013 - http://krebsonsecurity.com/2013/09/data-broker-giants-hacked-by-id-theft-service/
Why should people share their tax returns with this company? I won't if I were in their shoes.
Interestiung thread....I'll toss my 2 cents in to the mix.
I have 3 GE/Sync cards, Lowes $30k, Sams MC $10k. Amazon $8k - having closed all other GE/Sync cards as not necessary. I would hate to lose any of these as the extended no or low interest options I use a lot. If I had to give up one it would be Sams (I belong to BJ's too) and I suppose I could get the Chase Amazon Visa, but the 6-12-18 month zero APR through Amazon "store card" would not be replaced by a Chase version (I don't believe) and of course I could always use Blispay. The Lowes I really value and yes I have a Home Depot at $20k, but the project financing with Lowes is important to me.
Having had my Comenity Total Rewards ($10,500) closed after almost two years of perfect payments, usually PIF, and no high utility - that still stings because I really liked that card and it was my only Comenity card, so I understand the feelings with a card company coming back at you and closing cards for "no good reason". Would I provide GE/Sync with access to my tax returns - no I would NOT and I have 18 other bank cards with over $200k in credit limits not counting GE/Sync credit lines, but I sure would miss at least two of the three GE/Sync cards I have and use on a regular basis (Amz and Lowes).
Here is hoping I don't get the blue letter in the mail....
Just say no to Synchrony.
It's pretty sad that this Synchrony mess started last August and still continues. Synchrony is a mess.
It bothers me that everyone is so up in arms about banks requesting this.
Fraud is at an all-time high.
Blame the people who steal peoples' identities or lie about their income and verify with fake documents.
@longtimelurker wrote:OK, I have to ask again! What is the *actual* harm in having your information sold by LN, assuming that they don't have most of it already. I can see iincreased marketing perhaps but what other dire consequences do people expect.
ETA: mister-endowed beat me to it
I ordered my LN reports, there was a lot of invasive information in it. Information about things I've ordered for my 9 year old child, for example.
I don't mind the tax form personally, I do mind how easy it is to find out every single thing I've purchased on the internet, my child's name, and etc.