Hot answers tagged

84

The simple answer is that their underwriting models show that customers with higher credit scores are less expensive to insure. The general argument is that credit score is a reasonable proxy for responsibility, not wealth. Someone that religiously pays their bills on time is likely to be quick to address small maintenance issues rather than letting them ...


46

I received exactly the same letter (in email form) from Discover Card about 9 months ago, so I immediately called them, thinking that someone was doing some very convincing phishing -- the email had zero suspicious headers, the mail relays looked right, the stylesheets looked exactly like Discover Card's, etc. Once I got a knowledgeable rep on the phone, ...


36

Property ownership in the U.S. (or at least the places I'm familiar with in the U.S.) are public record. That includes tax assessment information which, necessarily, includes the value of the property. Contact your county assessor/recorder for more information. You could obfuscate ownership through the use of trusts.


31

Some (most) credit cards have a way to get a one-time use number. If that is an available option for one of your cards, that is probably the way to do the very risky transaction. These numbers can be good for only one purchase, or for multiple purchases with a single vendor. This will limit your exposure because they won't have access to your entire account....


25

Buy a prepaid gift card, such as a MasterCard or Visa gift card. You can find them at the grocery store, a pharmacy, or your local bank. Provide this on their online form. If anyone steals your gift card information, you will have already used the funds for your purchase and there is no further risk to you.


21

I recommend you take a look at the Card Act of 2009's amended "ability to pay" regulations: http://files.consumerfinance.gov/f/201304_cfpb_credit-card-ability-to-pay-final-rule.pdf There's a lot of literature here, mostly discussing the recent changes to the rules. The highlights are: "Ability to Pay" rules differ based on whether or not the consumer is age ...


21

Land purchase is typically recorded by the county recorder and becomes public domain at that point. If all this was kept private how could you know that someone didn't scam you and sell you land they don't really own. When you buy the house the bank files paperwork to say they loaned you some money and how much when you'll pay it off etc. Then companies ...


16

Here's one option: Telephone is a lower-tech yet relatively more secure means for transmitting your payment information when a secure web site isn't available. And yet another option: You could send them an encrypted email, but this would require tools (e.g. GPG), setup (public keys), and expertise on their end which they are unlikely to already have. ...


16

I know for a fact that this is happening as I helped implement such a solution for a merchant that has multiple brands. For the one that I worked on actual credit card numbers were not used, but tokens that represent credit card numbers. Without getting into too much security stuff, it is was a one way thing. A customer's credit card number would always ...


14

This was discussed in an article in Consumer Reports in June 2017. The explanation given was that people with higher credit scores have the means and inclination to pay for issues out-of-pocket, rather than by making a claim. But Alldredge says insurance companies wouldn’t use the scores if they weren’t useful in assessing risk. “Maybe the person ...


12

When I went to purchase a car, I refused to give them any of this information. I told them I'd bring a certified bank check, but would not agree to give my SSN, or sign off on a credit report. I told them if they didn't agree to that, I'd find a dealer who was happy to take cash (check) to sell a car off the lot. A strange business, where I walk in, spell ...


11

For an American it's nearly impossible to open a Swiss bank account. Even as a Swiss person, you have to fill out a document, which asks you if you have a greencard or other relationships with the united states...


10

Advantages Here are some reasons why it is advantageous to hold a portion of your savings in other countries: Banks in other jurisdictions may be safer than banks in your home country. For example, they may keep larger reserves, have more balanced loan portfolios, etc. Banks in other countries may offer better rates than in your home country. Did you ...


10

All land transactions in the United States are a matter of public record and are recorded by the Registrar of Deeds. Many registrars offer these records online; a typical example from my state, Massachusetts. Data companies hire deed information collectors to go to each and every registrar and collect this information. In the old days you could see these ...


10

The other answers incorrectly state that all real estate sales in the US are a matter of public record. In fact, this depends on the state. From REALTOR.com®'s Home Values FAQ (courtesy of the Internet Archive): Where does the free recent home sales data come from? Home sales data is obtained from public records sources provided to us by Onboard, LLC. ...


9

I have 2 PayPal accounts for this purpose (with different email addresses). The first account is tied to my real email address, and has my real name, phone and home address associated with it. This account is also connected to my bank account and credit cards. For riskier transactions where I don't need physical delivery (or will accept delivery to my ...


6

Your biggest risk with a vendor like this is not that your Credit Card Number will be stolen in transit, it is that it will be stolen from the vendor. I agree with @mhoran that using a one-time number is the best plan, provided you have a bank that offers such numbers. Bank of America calls it "Shop Safe" while Citibank calls it "Virtual Account Numbers". ...


6

There was a story of a store, Target, that started sending a 16-17 year old girl advertisements geared toward a pregnant woman. The father got upset and talked to the local store manager. Ultimately, she was pregnant. But still, creepy story. They profiled her based on purchases. (See Ben's comment below, with link to the story. I recalled the anecdote ...


6

It's possible to be a low-key billionaire, sure. Unknown as in not a public figure, of course. Unknown as in no one including the government has any idea what you're worth, no. There are tons of private companies and partnerships owned by and invested in by hundred millionaires and billionaires and the companies they own. There will be some paperwork ...


6

Car dealerships always want you to fill out credit applications. I am not sure why, but they do. I have a feeling it is because they may be able to finance you in a car, and the finance room is the most profitable square footage in the dealership. You can combat this in one of two ways, simply flat out refuse. If it breaks the deal, then get up and ...


5

Future job offers can go up or down depending on your disclosure, people can interpret it as bragging... maybe you could just use a percentage?


5

Set up a business account (an LLC, for example). Buy a post office box for your business. If you're running a website, get private registration for your domain. That should obscure your name and home address fairly well.


5

Staying anonymous is important to me, so I don't want my name or address disclosed to buyers. Yes, the first question is always who you are trying to stay anonymous to. Buyers? Thats easy! Tax authorities and state actors? Much harder and don't matter. A properly formed business entity will hide your name and address, substituting them for a different one ...


4

The answers depends from country to country. Custom's duty / declaration etc is specific to the country of export and country of Import. If its physical goods being purchased, then the shipment has to have an invoice from the seller. This should would show the value of the goods being imported. PayPal is one of the mechanism to settle the payment ... the ...


4

Most people cannot use pgp/gpg and setting it up would, in order to do that correctly, require voice fingerprint verification. Don't. Just write a word doc and either encrypt it when saving using the "save as" function or encrypt it using zip and email that to them. Then call them and tell them the password. Done.


4

Abine has a product for iOS and Android (and desktop), now called called Blur, that provides credit card masking (alias credit card numbers), along with other privacy services. It's subscription-based. I've used it successfully for a number of transactions over the past year or so. To the merchant, you supply any name, Abine's address, and the specific ...


4

If that is what you insist upon, don't use PayPal. This is one of the supposed justifications for the existence of cryptocurrencies


4

The buyer discloses the financing arrangements to the seller because it makes his offer more attractive. When a seller receives and accepts an offer, the deal does not usually close until 30 to 60 days later. If the buyer cannot come up with the money by closing, the deal falls apart. This is a risk for the seller. When a seller is considering whether or ...


4

All land records are public in the US, so if you choose to purchase land, you can expect that the documents for purchase will be available for anyone who is determined to find them. This information is public for the benefit of banks who might make a loan on your property (they can see if there are other mortgages or liens) for people you might sell the ...


4

Worst case: It's a scam. You left them a signed loan application. So they take your cash, and then they put through the loan paperwork, and now you have to pay finance charges on the loan. More likely: The loan application gives them all sorts of information about your finances. If they decide you are buying a much cheaper car than you can afford, they can ...


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