
Originally Posted by
yebo
information is a commodity. it is traded and sold, it has a monetary value. for example, if the marketing division of a company wants to buy 1,000 names of filipinos 30-45 years old, living in MM, single, owns a car, living in a condo, etc etc and who just went on an overseas vacation in the last 180 days all they need is to send an email to the keepers of that information (like credit card companies, airlines, travel agencies) and they will get it within the day, for a fee of course.
so if you have at one time in your life filled up a form stating your personal information, especially if that form was submitted to a bank, credit facility (e.g., credit card company) or any other kind of financial institution, or a marketing agent/firm, or insurance, then that information is already in a pool that is for sale to whomsoever needs or wants it. so if you get a letter from a credit card company, get a call from a phone marketing firm, or get offers of "free" vacations do not be surprised anymore where they got your name, address, telephone numbers, etc. those information came from you! they know everything you had written down, they may even be looking at your picture at that moment. so next time you fill up an application form for a loan make sure you read the fine print, there is a privacy clause like "the company reserves the right to use the information entered herein blah blah blah...". the saving grace is that some of those forms will have a non-waiver, like ticking a box if you do want the information to remain confidential. but since most of us are just too eager to get the loan we often become too polite to deny them our privacy.