[LA Times on Experian's "dark Web" service - read the terms of service]

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[LA Times on Experian's "dark Web" service - read the terms of service]

Post by RudyS » Mon Oct 02, 2017 9:26 pm

JMacDonald wrote:
Sat Sep 23, 2017 8:42 pm
Experian is trying to cash in on this leak:
LA Times: Credit agency Experian says it can protect you from the 'dark Web' — sort of
http://www.latimes.com/business/lazarus ... story.html
This was buried on page 13 of another Equifax thread; I think it deserves the visibility of its own thread.

Alex Frakt
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Re: [LA Times on Experian's "dark Web" service - read the terms of service]

Post by Alex Frakt » Tue Oct 03, 2017 12:14 pm

from the article:
Experian is here with a free scan of the dark Web on consumers’ behalf. All you have to do is enter your email address.

The search box makes a stab at transparency by stating that inputting your email means you’re giving Experian permission to pitch its own products as well as “other products that may be of interest.” It also says you’re agreeing to Experian’s terms of service.

But that hardly comes close to a full disclosure of what’s transpiring. I clicked on Experian’s terms of service and found a densely written, nearly 17,600-word document — a contract the length of a novella.

Not surprisingly, this is where you’ll find an arbitration clause preventing you from suing the company — an increasingly common aspect of consumer contracts nowadays. That’s the least of your worries, though.

It turns out running a free dark-Web email scan opens you up to “advertisements or offers for available credit cards, loan options, financial products or services, or credit-related products or services and other offers to customers.”

It also exposes you to “the ability to track and collect certain consumer information specific to you,” including your credit score, loan and credit card payments, and interest rates.

The terms reveal that Experian “receives compensation for the marketing of credit opportunities or other products or services available through third parties,” which is exactly what it sounds like. You’re giving permission for the company to sell you out.

And if you make it to the very bottom of the contract — no small feat, I assure you — you’ll find this little cow chip: Even if you cancel any Experian service, your acceptance of the arbitration clause “shall survive.”

For the rest of your natural life? That seems to be the presumption.

Almost there
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Re: [LA Times on Experian's "dark Web" service - read the terms of service]

Post by Almost there » Tue Oct 03, 2017 12:38 pm

Falls under: buyer beware

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