Proof that Experian ILLEGALLY sells consumer credit data for less than $1
Today I got some junk mail from IMC List Services.
From http://www.imclistservices.com/listsvcs/:
Since all successful campaigns start with good data, IMC List Services provides what is considered to be the best data available. Our Experian relationship enables us to offer Trigger Data, Advanced Select Prescreen Data and much more by using their repository. We are able to offer all of this data with no long term contracts or setup fees. Even a small office can now “run with the big dogs” by having access to the most sophisticated and responsive data on the market.
From http://www.imclistservices.com/listsvcs/trigger.html :
How many of your prospects would turn into funded loans if you knew before talking to them that they met this criteria!Within the last 24-36 hours the prospect had one of these events occur:
1. Mortgage inquiry
2. HELOC inquiry
3. 30 days late on current mortgage
4. Over the limit on a credit card
5. Bank or credit card inquiry
From http://www.imclistservices.com/listsvcs/Select.html :
Proven over the years Experian’s Advance Select credit and demographic database can deliver qualified and interested borrower’s for your loan officers to close. There are over one hundred criteria to select from and the actual Experian credit score appears on the lead. Typical criteria selects include:Homeowner has credit score of 525 or higher
Homeowner has $10,000 in revolving debt
$75,000 minimum mortgage balance
Mortgage seasoned at least 1 year
View a sample “lead”
The FCRA allows creditors to obtain this info for a FIRM offer of credit to consumers who did NOT opt out of promotional offers. This has NOTHING whatsoever to do with a firm offer of credit:
Experian is selling LEADS.
They don’t even pretend anymore that they comply with the FCRA, they feel so safe in our corrupt system. An offer to extend credit is not mentioned ANYWHERE on this site.
The bought and paid for Congress removed the private right to sue for these FCRA violations with the FACT Act and the corrupt regulators who are now the sole enforcers do NOTHING to enforce the FCRA.
Do I need to point out that the LOW SCORERS are targeted?
People with financial problems are the banksters’ most profitable customers. That’s why Experian does whatever it can to ensure that the credit reports contain as much false data as possible.
If any readers have access to more info (is IMC an Experian company?) and especially PRICING, please post a comment or contact me privately.
UPDATE:
I had a closer look at the bizarre e-mail, almost everything is in “strike-out” and it’s hard to read. The leads are sold for “as little as $1” and apparently they are RESELLING the credit data.
Each month, we ask Experian to monitor all of the people in a given region who fit all of the criteria above. Once monitored, we then ask them to immediately deliver any people who have had a mortgage inquiry.
We pay so you don’t have to
We pay extra so you can get trigger records faster than most
We pay more for the appended phone search to help improve your chances of contacting them
We scrub all records against the Federal & State DNC lists.
We challenge you to compare our trigger data and price (as low as $1) with anyone else in the m arketplace.
So they buy the data from Experian, scrub it and then sell the leads to ANYONE who wants to buy. Just WONDERFUL!
Here is the junk mail, apparently sent by a very low budget spammer: http://creditsuit.org/images/uploads/2-14-07--IMC-junkmail.pdf
This is so illegal. I’m sending this URL to Experian’s attorney Marc Carlson with Jones Day at and Michael McCaughan at for comments. Mr. McCaughan is the sole contact for the IMC domain registration.
And if I don’t get a satisfactory response, I’ll post this issue at http://creditlegislation.org/ and I’ll send my complaint to the FTC. Not because they’ll do anything, but to be able to DOCUMENT their corruption when I contact legislators.
Posted by Christine on 02/14/2007 at 05:09 PM
2008 - 2009 FCRA - FDCPA violations • Illegal sale of consumer credit data • 2003 Suit (appealed, Experian filed credit reports on PACER) • Experian - countless violations • Privacy - what happened to it? • (0) Comments • Permalink
