Debt Collectors Verify Employment Through Equifax

Debt Collectors Verify Employment

The Debt Collector (novel) (Photo credit: Wikipedia)

Debt Collectors Verify Employment Through Equifax

Always make debt collectors prove their ownership of the debt.  These debts are sold and resold so frequently that many times it is impossible to prove who really owns the debt.

Debt collectors verify employment through Equifax.  That’s right.  If you ever wondered how debt collectors know where you work and how much you make the chances are very good that they took advantage of a service Equifax offers to them located at the site TheWorkNumber.com.  This may explain how you got that most unwelcome call at work.

Debt Collectors Have Access to the Same Information as Employers

It may not be widely known among workers but there is a service employers use to verify employment known as TheWorkNumber.com.  This service is owned by Equifax…the same Equifax that is one of the three leading credit reporting agencies.  Employers verify former employment through this service. Debt collectors verify employment through this service too.  Thousands of companies sign up for this service.  In effect employers are outsourcing  verification of employment claims on job applications.  Verification includes not only the fact that you worked where and when you claim but also the position you held and your salary.

Taps Right Into Human Resources Department

This service routinely taps into the human resources department.  This opens a whole Pandora’s box of information including the employee’s health insurance provider, unemployment claims and yes, debt collectors have access to your salary.  Mortgage companies and finance service companies can use this information to find out about a job loss before you tell them or even miss a payment.

Sensitive Salary Information

It’s bad enough that debt collectors verify employment through this service, but salary?  Salary information is and always has been considered to be sacred to the individual receiving it.  One of the first questions asked when meeting a new person is: “What do you do?”  When was the last time you met someone new and asked them “How much do you make?”  Such a question is unheard of.  How not to win friends and influence people.  It’s bad enough that debt collectors verify employment through Equifax but an adverse party getting your salary without your consent is so intrusive that the possibility should be banned.  Strong legislation should be passed to forbid this practice and impose steep punishment for violations.

Get Your File!

You are entitled to a free annual disclosure of what’s in your file at TheWorkNumber.com.  Go to their site and demand it.  Debt collectors verify employment through it as well as companies you may apply to.  You’re entitled to see it.

UPDATE:  Consumer Financial Protection Bureau Sues Lawsuit “Factory”

The CFPB has sued Frederick J. Hanna & Associates, a Georgia based debt collection law firm claiming it operates a lawsuit “factory” filing more than 350,000 suits in Georgia alone.  The suit asks for fines, victim compensation and an injunction to stop the abuse.  he firm also has offices in Florida and Missouri.  It’s clients include Bank of America, JP MorganChase, Capital One and Discover.  Most of these cases go unanswered and result in defaults.  If you are sued file a denial…the Court clerks will show you how to do it.  You may win or at least make a deal to pay less.  You can then enter a dismissal without a judgment in the court file so it won’t show on your credit reports.

Good luck getting any errors fixed.  If you want to give that a try, drop me a line and let me know how you made out.
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After practicing law for 37 years Edward F. St. Onge, Sr. now devotes all his time to helping consumers achieve a high credit score with amazing speed. Learn the counter-intuitive secrets to credit scoring through his down to earth instructions backed by extensive knowledge of the laws and trends. All of the latest tricks and techniques that they don't want you to know now at your disposal. At last a level playing field for the consumer!

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