How do credit reporting bureaus know THIS about me?

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BTWalker
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How do credit reporting bureaus know THIS about me?

Postby BTWalker » Wed Jun 13, 2012 6:36 pm

I was pulling my current CRs from the three CRAs when upon log-in they asked additional security questions. They asked me to verify, asking if yes indeed this was my license number and the make and model of my car. Which indeed it was! I did recently buy a new car but there was never any financing or credit check done pertaining to this purchase. I bought the car simply by writing a check.

Am I safe to assume that they acquired this information from my insurance company?

Does this mean my creditors know the make and model of the car I drive?

Additionally what always surprised me was I simply pulled out my checkbook and wrote a check at time of purchase, got in my car and drove off. They never even contacted my bank which they had no prior knowledge of until I handed over the check. This was a brand new luxury car and the check was, to say the least, quite substantial. They only had a copy of my driver’s license. They did not have my SS#.

With only a driver’s license, is there information they were able to pull on me that would warrant this?
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MemberSince99
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Postby MemberSince99 » Wed Jun 13, 2012 8:31 pm

Dunno, I would guess it's your insurance company in action.

jeffysdad
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Postby jeffysdad » Wed Jun 13, 2012 8:38 pm

Or the title bureau.
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DavidNY
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Postby DavidNY » Wed Jun 13, 2012 10:18 pm

It was cool the dealer accepted your personal check and let you drive off the lot with a new car.

Once I paid for repairs to my car with a check (a few grand) and they had to "check with a manager" about it.

Moneytalks
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Postby Moneytalks » Thu Jun 14, 2012 8:03 am

Honestly, credit bureaus probably know a lot more than that haha
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namvet
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Postby namvet » Thu Jun 14, 2012 11:03 am

DMV = public info

Crashem
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Postby Crashem » Thu Jun 14, 2012 2:26 pm

For security check, CRAs might use third party id product from Lexis Nexis or someone like that. L/N has a lot more data on you including DMV records.
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2percentPlus
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Postby 2percentPlus » Fri Jun 15, 2012 1:57 am

namvet wrote:DMV = public info


far from it

LKGG18
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Postby LKGG18 » Sun Jun 17, 2012 3:47 am

Just to let you know that credit bureaus has more on their arsenal to verify your identity. They will be able to pull everything from your checking accounts to your DMV Records. Credit Bureaus has access to all of this information. They even probably have access to the checks you write or even better your debit cards. (Yes they do.)

Credit Report website Identity Guard has this type of reporting information where they report your car, car registration, criminal history, public record information, checking account info, and other types of information that you don't normally see. This is how much Credit Bureaus has access to your information.

Don't be scared about it because they take Identity Theft very seriously when you pull credit reports and they do not waste time reporting fraud to the police either. The Credit Reporting Agencies has everything in your background about yourself but they don't access it everyday. They are required to keep this info on file required to the FTC.

BTWalker
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Postby BTWalker » Tue Jun 19, 2012 12:37 pm

Though I'm a new member here, I've been a lurker for some time and have read hundreds of posts. It's quite obvious to me that credit card companies must use additional information to gauge approval other than just FICO score and income. I'm also curious as to what would initiate an AmEx F/R. I wonder what access they have to checking, savings, and investment account information as well as current balances.

Do you think they know this Information?
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