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Equifax used records it collects from companies to fire employees with 2nd jobs

businessinsider.com

81–90 of 408 posts

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#81
I have three children. It is literally impossible for me to survive on any salary companies are willing to pay. I work multiple jobs.

Idk the solution. It costs me $3,000 a month just for school. That’s a second mortgage.

Either they increase pay 50%. Which they don’t want to do. Or I work three jobs. If they don’t like it, pay more.

I actually don’t even have a choice, it isn’t even an option. School must get paid for. It isn’t a lifestyle expense. It is a necessity.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#82

Earlier quoted context omitted.

I was in car sales. Top performers were caught borrowing used cars for nights out, secretly loaning cars to favorite customers for long period of time, buying tradeins secretly off the books, crashing cars while basically driving recklessly while transporting company cars to customers or off-site facilities, and not fired. Low performers were fired because they answered incoming calls poorly twice in a week. So it IS…

100%. This is an excuse. But, interestingly, it was an excuse for 2% of the people they investigated. So apparently being a poor performer at Equifax, but NOT moonlighting, is not a fireable offense, since the other 98% weren't let go. Or they were, and this is just a propaganda piece in service to corporations (it is Business Insider after all). Either way, I feel, not exactly a great look for Equifax (like they hav…

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Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#84

I have three children. It is literally impossible for me to survive on any salary companies are willing to pay. I work multiple jobs. Idk the solution. It costs me $3,000 a month just for school. That’s a second mortgage. Either they increase pay 50%. Which they don’t want to do. Or I work three jobs. If they don’t like it, pay more. I actually don’t even have a choice, it isn’t even an option. School must get paid f…

> That’s a second mortgage.

Sounds like student loans.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#85
post #19

Do you want shitty publicity? Because this is how you get shitty publicity.

Yeah I think this article is just irony of how poor decisions have no impact on financal institutions, and they still are eating your cake. The sad part is not enough are wise enough to understand, and it is likely even less would care.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#86

I have three children. It is literally impossible for me to survive on any salary companies are willing to pay. I work multiple jobs. Idk the solution. It costs me $3,000 a month just for school. That’s a second mortgage. Either they increase pay 50%. Which they don’t want to do. Or I work three jobs. If they don’t like it, pay more. I actually don’t even have a choice, it isn’t even an option. School must get paid f…

Instead of paying $12,000/kid/year you could just send them to public school.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#87
post #19

Do you want shitty publicity? Because this is how you get shitty publicity.

This is great publicity. It's Equifax talking about how their new product removed double-dipping employees. Don't you also want to find your distracted employees? For a modest fee to Equifax, you can too.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#88

"Equifax flagged 283 contractors for potential 'dual employment,' documents show." Would this not be a big flag to reclassify these contractors as employees? Being able to have multiple clients is one of the factors to determine if you're a contractor...

A lot of the time 'contractor' is used to refer to a W-2 employee of a staffing company rather than an independent contractor.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#89
post #33

Earlier quoted context omitted.

I once missed a $10 payment on my credit card and lost 100 points on my credit score. I swear on my life.

> I once missed a $10 payment on my credit card and lost 100 points on my credit score. I swear on my life. Is it an option to not use CC in your life? I don't but I understand people in the city may have a different experience.

CCs are usually the safest option in the US. When it comes to loss or fraud, they beat the pants off debit cards, ATM cards, cash or checks in terms of limiting losses.

Re: Equifax used records it collects from companies to fire employees with 2nd jobs

#90
> Equifax is now receiving records every pay period from 2.5 million companies. Information in the reports comes from employers and payroll processors.

But why do employers and payroll processors give any data to Equifax? I can understand that credit card issuers, and mortgage and auto lenders want to know the credit worthiness of people they'll give credit to, and those types of businesses are likely required to share their own customers' info if they want to participate. But what benefit does the typical employer get by talking with Equifax at all? And why wouldn't an employer demand that their payroll processor not share anything with Equifax? (Their executives and founders presumably want some privacy for themselves.)

I'm going out on a limb here and try to guess the reason: Is it because typical employees want their employer to share the info so they'll be seen as having income and therefore it's easier for them to get credit cards and mortgages and auto loans? And if this is the reason, how did this situation arise; did some employees petition their company to share info? Or did the company think it was doing a favor for its employees by giving them an employment history on Equifax?

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