Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Equifax Settles Charges it Improperly Sold Lists

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Equifax Settles Charges it Improperly Sold Lists

    Thursday, October 11, 2012

    Credit reporting firm Equifax Inc. will pay $393,000 to resolve allegations it broke the law by selling lists of consumers who were late on their mortgage payments, the Federal Trade Commission said Wednesday.

    The lists of consumer names, credit scores and details about late mortgage payments were sold to Direct Lending Source and its affiliates, who then sold the data to companies that marketed loan modification and debt relief services to the people on the lists, the FTC said.

    Direct Lending Source agreed to pay $1.2 million to resolve the allegations, the FTC said.

    In the two separate actions, both Equifax and Direct Lending Source were charged with violating the FTC Act and the Fair Credit Reporting Act (FCRA).

    According to the FTC, Equifax sold more than 17,000 prescreened lists of consumers to companies including Direct Lending Source Inc., which subsequently resold some lists to third parties, who used their data to pitch loan modification and debt relief services to people in financial need.

    Along with the monetary settlement, Equifax is banned from: furnishing prescreened lists to anyone that it does not have reason to believe has a permissible purpose to receive them; failing to maintain reasonable procedures to limit the furnishing of prescreened lists to anyone except those who have a permissible purpose to receive them; and selling prescreened lists in connection with offers for debt relief products or services and mortgage assistance relief products and services, when advance fees are charged, with limited exceptions.

    Direct Lending Source is barred from using or selling prescreened lists without a permissible purpose, or in connection with solicitations for debt relief or mortgage assistance relief products or services.

    The FTC alleged that between January 2008 and early 2010, Equifax sold Direct Lending Source and its affiliates lists of people who met selected criteria – known as prescreened lists. According to the agency’s complaint, the lists contained information about millions of consumers, including sensitive information such as credit scores and whether they were 30, 60 or 90 days late on their mortgage payments.

    According to the FTC, neither Direct Lending Source nor its affiliates, Bailey & Associates Advertising Inc. and Virtual Lending Source LLC, had a legally permissible purpose to obtain the prescreened lists.

    Under the FCRA, the only permissible purpose for obtaining a prescreened list is to make “firm offers of credit or insurance” – which are offers that will be honored if consumers meet pre-selected criteria. Using a prescreened list for general marketing purposes is not allowed.

    The FTC alleged that, in addition to providing the lists to entities without a permissible purpose and having inadequate procedures to prevent this from happening, Equifax failed to properly investigate when it learned Direct Lending Source was violating Equifax’s internal policies on prescreening.

    The FTC also alleged that Equifax knew or should have known that in many cases Direct Lending Source resold the lists without telling Equifax who would end up using the information. Despite these failures, the FTC alleged Equifax continued selling the prescreened lists.

    Equifax said it is not admitting any wrongdoing or violations of the law as part of the agreement. It said it stopped doing business with Direct Lending Source and its affiliates during the summer of 2011.

    By Darren Waggoner

    http://www.collectionscreditrisk.com..._101212_101212
    All information contained in this post is for informational and amusement purposes only.
    Bankruptcy is a process, not an event.......

  • #2
    good one!!!!!!! those no good people. i'm just sorry they didn't get slapped harder. now, if it were me or you we'd have been slammed to the ground. how low is low?

    one of the saddest realities of situations like this are the poor consumers really believing some of those pitches they were getting in the mail, giving them false hopes they may have been able to save their homes.
    8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

    Comment


    • #3
      Contrary to what a lot of people think, the credit reporting agencies (Equifax, Experian, TransUnion) are not on our side. They actively work against us and will try to screw us every chance they get.
      The world's simplest C & D Letter:
      "I demand that you cease and desist from any communication with me."
      Notice that I never actually mention or acknowledge the debt in my letter.

      Comment


      • #4
        Originally posted by GoingDown View Post
        Contrary to what a lot of people think, the credit reporting agencies (Equifax, Experian, TransUnion) are not on our side. They actively work against us and will try to screw us every chance they get.
        so TRUE! usually they have such misinformation and it takes a while (not as long as it used to because of the new laws). but when i saw ours it was so off the wall it was totally unreal and effected our scores with a great impact to the neg. they are certainly NOT on our side!
        8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

        Comment


        • #5
          Certainly not our friends

          Originally posted by GoingDown View Post
          Contrary to what a lot of people think, the credit reporting agencies (Equifax, Experian, TransUnion) are not on our side. They actively work against us and will try to screw us every chance they get.
          I'm not sure they're actively trying to screw anybody over. I don't think that's where they think they're going to make their money. Their business is that of collecting and selling information for, basically, advertising purposes. They get away with it because they do provide a certain service in the business niche. Unfortunately, I don't see much alternative. Is there a better way to establish credit worthiness? I'm sure someone smarter than I has thought about it.

          Comment

          Unconfigured Ad Widget

          Collapse
          Working...
          X