Banks spying on your bills, rent payments, paychecks: report

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Banks spying on your bills, rent payments, paychecks: report
Anonymous Coward User ID: 1154630 United Kingdom 11/07/2010 12:01 PM Report Abusive Post Report Copyright Violation	Banks spying on your bills, rent payments, paychecks: report The age of the plain old credit score is gone, says a report at the Wall Street Journal, and it's been replaced by ever more intrusive efforts by banks and credit agencies to gauge exactly what you're worth, and what you can pay. To that end, financial firms are now tracking their customers' bank deposits, rent payments or home values, and even utility bills to figure out who may soon become a financial risk, reports WSJ's Karen Blumenthal. So, for example, if your employer pays you through direct deposits and those deposits stop, financial institutions can now have warning that your money situation is likely to tighten, and may deny you credit on that basis. More: [link to www.rawstory.com]

BRIEF AND TO THE POINT User ID: 1155081 United States 11/07/2010 12:04 PM Report Abusive Post Report Copyright Violation	Re: Banks spying on your bills, rent payments, paychecks: report The age of the plain old credit score is gone, says a report at the Wall Street Journal, and it's been replaced by ever more intrusive efforts by banks and credit agencies to gauge exactly what you're worth, and what you can pay. To that end, financial firms are now tracking their customers' bank deposits, rent payments or home values, and even utility bills to figure out who may soon become a financial risk, reports WSJ's Karen Blumenthal. So, for example, if your employer pays you through direct deposits and those deposits stop, financial institutions can now have warning that your money situation is likely to tighten, and may deny you credit on that basis. More: [link to www.rawstory.com] Quoting: Anonymous Coward 1154630 Smart people don't depend on credit...if you barry from the bank you are willingly and voluntarily becoming their slave...fuck the credit score for the credit store! Poor people do poor people things, and rich people do rich people things. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation. You cannot multiply wealth by dividing it! when you rob Paul to give to Peter ... ... ... you will always get Peters support! :Brieffromnativea:
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