Friday, February 02, 2018

UGH!!

Not my boat and a photo from this summer.
I have just spent over an hour waiting for a response on the phone...they warned me with their robotic answering machine when I got the connection that efficiency was not in their mission statement! I have lost my pin number for the Experian Credit account and I want to check that no one has stolen my ID and I want to freeze my account and I want my free annual report. You know, Experian is one of three companies that make money by collecting all of your financial data without having to ask you for permission, storing it on their servers without having to guarantee it will not be stolen by hackers, and then they can make you waste your time on the phone while running ads to sell you one of their products to protect this data that they have now compromised.  Days like these make me wish Elizabeth Warren was President.  She would have all three of these companies before the court and make them pay to obtain and keep our data...pay us, that is.  She would also make them do the reporting to the law officers and us when there was unusual activity, and do it for free.

I am sure that the average consumer would be willing to collect needed information for a loan for their bank when needed without this.

Our Consumer Financial Protection Bureau is being stripped of its enforcement powers by this administration...because Lord knows we do not need more laws and regulations to protect us from big business and big banks!   (And it is really a hassle for those small real estate offices to prove they are not being discriminatory in their sales to minority folks.)  SNARK!  As another jab, my bank just informed me last month they are charging me a monthly $25 fee on an average balance of over 7K!!  But that is another challenge as I am now looking for a new bank. 

I did check with Equifax right after the breach, but since millions of accounts were stolen it will take the "dark web" crooks a while to get to my name.   I also was putting this off for Experian, because I knew it would be a mountain to climb not being able to find my password on this in any file I have.  

Sorry for the rant, but I just had to explode while listening to lousy jazz on my phone right now.

I do need a trip.


18 comments:

  1. not just the consumer financial protection bureau but all consumer and job protections. and I thought the Shrub was a disaster.

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  2. The bank fee is outrageous!
    The rest of this is Greek to me.
    I guess I live life a bit too naively...

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  3. Sorry you have to deal with the problems
    As far as your name on the queue...Methinks, scammers troll blogs looking for personal information. They might get to you sooner than you think.
    As for the politician...without too much of a rant...bugs me in the face of facts she didn't fess up to her ancestry mistake. I was also brought up thinking we have Native American ancestors, but never did I use that information to gain advantage like Warren did. I didn't have the factual proof to support declaring my heritage, and without it, it is a no brainer not to use. As it turns out, our ancestor isn't the grandmother we thought. She's an aunt that never had children.

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    1. Snopes does indicated that this ancestry claim was not used in the way the rumor purported. It was perhaps similar to yours in that she thought she had an ancestor, but never used it for gain. "The legitimacy of Warren’s claims to Native American heritage has certainly been challenged by many critics, and it is true that while Warren was at U. Penn. Law School she put herself on the “Minority Law Teacher” list as Native American) in the faculty directory of the Association of American Law Schools, and that Harvard Law School at one time promoted Warren as a Native American faculty member. But specific evidence that she gained her position at Harvard (at least in part) through her claims to Native American heritage is lacking. Warren denied applying for special consideration as a person of Native American heritage during her career, and when the matter was examined in 2012 in response to Brown’s claims, people with whom Warren had worked similarly denied her ancestral background’s factoring into the professional opportunities afforded her:" I certainly think this does not impugn her character in any significant way...its not like she paid hush money to a porn star.

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    2. I did the 'freeze all of them' thing. Was pleased to find that being over 65 meant I didn't have to pay for it; not so pleased to find out how hard it was to 'unlock' when I wanted to buy something that required a credit check. Not impossible, but tedious.

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  4. That’s a huge bank fee. We changed bank for lower fees too.

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  5. I would not keep a bank with fees like that. Credit unions are good alternatives, I think.

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  6. A bad experience at Experian.

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  7. Credit unions are good. We've been with one for decades, fees are very reasonable.

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  8. It is getting scary all of this though, having to live on the internet and bank, because local banks are closing everywhere here in this country. Now they are talking about reducing the numbers of ATMs in towns. Will we become a cashless society and does all this 'tracking' online from cookies, etc mean that eventually someone will open our identities on the net?

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  9. Having been a banker for 32 years I can tell you that it is an industry filled with crooks. In their final efforts to make me one too, I quit. How dare they charge $25 fees for high balance accounts. Yikes, what will I do when it happens to me here? Currently we have free services.

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    1. AS you probably know, all is negotiable. I am going to attempt that on Monday and will move my account to a smaller local bank, if this does not work.

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  10. Life has gotten just too darn complicated.

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  11. I wonder if they man/woman the phones at midnight?
    There has to be an easier way to reach a real person. I am so sorry about this.
    Try a savings and loan? Why not. If our bank gives us a problem, we have several we can move our accounts to. What a mess.

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  12. The whole thing is a tangled web and i am afraid we are the ones caught.

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  13. I know...frustrating! I really hate to have to call any company. We froze all our credit at the 4 credit agencies...the 3 major ones and also Innovis. My son also recommended us freezing a banking one but this was good enough for me. Every agency had different things to do (we did all online except Innovis had to be done via snail mail). Hopefully that will hold! Andrea

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    1. P.S. I like reading the website krebsonsecurity to keep up with what is going on. On his Sept 17 posting he has the links for the 4 major credit agencies to freeze credit, along with other info and Q & A. Andrea

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