Article: A Major Change To Who Views Your Financial Information!
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A Major Change To Who Views Your Financial Information!
If you?ve seen the news today you?ll have seen that there is going to be a major change in how credit card companies issue their credit cards. In the past your financial information has been available out there, but for the most part one company didn?t know your financial situation as it exists between you and other credit companies.
Now, however, credit card companies will be sharing your information.
As well as this, credit card companies will be given information from your bank account. So, a credit card company will now be given your details from other credit card companies, as well as from your bank.
The information was always available to financial institutions when a borrower has exceeded their limit, or has outstanding balances to be add...
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