| Credit Bureau Sabotage
I have recently heard about the credit bureaus SELLING private customer information to brokers RIGHT after a mortgage credit report is pulled. It is called buying "trigger data" INFORMATION. A broker buys the lead from the credit bureau and then calls on the customers to steel them away from the original agent giving them a quote. The information is "fresh" because the bureaus can tell that the credit report was recently pulled.
IT HAS HAPPENED TO ME SEVERAL TIMES RECENTLY! I have lost potential customers by this pirating practice. So far it is still legal but I am hoping that enough people will complain and get this practice reversed. If you give a client a quote and they say that within a few days they get "attacked" with phone calls - well then guess what.... your client has been hijacked! Hold on tight cuz it's gonna be a wild ride!
I am in the process of getting legal counsel regarding this matter. So far my stories of "data war" has been recieved with complete shock and horror from every attorney I speak with. HOW CAN THIS BE LEGAL? (It won't be for long!!!) How can my customer's private information be sold? -And without their consent??
Buyers beware. ORIGINATORS BEWARE!
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