« Previous Post | Blog Home | Next Post »
CRAs Sell Your Information
Posted on Jul 7, 2007 by Michelle Pastor
Do you know that credit reporting agencies (CRAs) can sell your information when you apply for a mortgage? The practice is legal and the product the CRAs sell is called “24 Hour Trigger Data”.
According to an article in the District Chronicles:
When someone applies for a home loan, credit bureaus can sell that person's contact information to middle men who sell it to lenders. The lenders will then call you and to solicit your business away from the lender who pulled your credit report.
Tags: CRA, creditreport
Comments
Post a Comment