Sagestream / LexisNexis - AMEX

[fittiger]

After coming across the CRA Sagestream on MyFICO boards, I requested my own report.  It appears AMEX has been pulling my Sagestream report monthly for the last 2 years (which I'm guessing is the timeframe the inquiries fall off).

I'm used to them pulling my Experian, but it feels creepy knowing they've been pulling information I didn't know they had access to; like a lover stalking my social medias or work emails.

There's quite a bit in here that I didn't know would be accessible to lenders, like property insurance, auto insurance, claims details.

There's also a non-insignificant amount in here is that inaccurate so I'm freezing this report.  I really wish one had more control of personal data that is put out there or made accessible to anyone with a few dollars.

What other shadow CRA's do I need to be aware of?  

EDIT:  I see someone else just asked about the shadow CRA's 

[FireMedic1]

There's a whole bunch of CRA's. When you gave permission to check a CRA for a product. They can go wherever they want. And they really do. Cap1 uses Innovis for an example with the Big 3 CRA's. Check the list.......

https://files.consumerfinance.gov/f/documents/cfpb_consumer-reporting-companies-list.pdf 

[fittiger]

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@FireMedic1 wrote:

There's a whole bunch of CRA's. When you gave permission to check a CRA for a product. They can go wherever they want. And they really do. Cap1 uses Innovis for an example with the Big 3 CRA's. Check the list.......

https://files.consumerfinance.gov/f/documents/cfpb_consumer-reporting-companies-list.pdf 

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I get that you grant permission for them to distribute and check data aggregated on you but it's just shady that there are all these relatively unknown entities that  are acquiring and selling your data as a product. 

I also checked my Clairity report yesterday, which didn't have much data, but they did have a notice that mentions they are a reseller and regularly acquire data from other CRAs and resell it without it being on their report they are required to provide to consumers.  Considering this could change at any point and if one doesn't have regular access to these reports, they could resell incorrect info from unknown bureaus?

Banks, marketing agencies & data brokers make billions off of our personal data and work in the shadows to do it. Just because accepting their terms is currently the only way to do business doesn't mean we should just accept it. 

[K-in-Boston]

If there is inaccurate information, I would definitely dispute it.  Since you mentioned freezing, one thing to note is that with some lenders if they rely on data from these other reporting agencies it may impact your ability to apply for new or additional credit with those lenders, and many times identity verification (which of these people are you related to, which of these streets did you live on in 1976, etc.) is done via information in these reports.

[fittiger]

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@K-in-Boston wrote:

If there is inaccurate information, I would definitely dispute it.  Since you mentioned freezing, one thing to note is that with some lenders if they rely on data from these other reporting agencies it may impact your ability to apply for new or additional credit with those lenders, and many times identity verification (which of these people are you related to, which of these streets did you live on in 1976, etc.) is done via information in these reports.

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Good to know