Do Credit Card Companies legally have the right to keep my personal information?
Credit Card
Michael T asked:
I recently paid off ALL of my CREDIT CARD DEBT. Was over $40k just a few years ago. . . So I called to cancel my credit cards and close my accounts. I also asked them to remove my name from their databases. They said they have to keep my personal info for tax purposes? I want my name out of their SERVERS! Help!
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I recently paid off ALL of my CREDIT CARD DEBT. Was over $40k just a few years ago. . . So I called to cancel my credit cards and close my accounts. I also asked them to remove my name from their databases. They said they have to keep my personal info for tax purposes? I want my name out of their SERVERS! Help!
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February 5th, 2009 at 9:22 am
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Unfortunately, that won’t happen. Banking rules and the Patriot Act require keeping that information for at least 10 years.
February 5th, 2009 at 9:25 pm
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I think they have the write to keep your information. Since you had a credit card with them then they can keep your info but not hand it out. Also if its for tax purposes they have to keep your info for that reason and then i assume they will delete it after they do their taxes
February 6th, 2009 at 6:04 pm
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Beat them up.
February 10th, 2009 at 2:50 am
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Sorry, it does not work that way. Businesses don’t delete their customer information the moment the customer stops dealing with them.
February 12th, 2009 at 4:32 pm
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The information will legally remain in their data base and in the data bases of the credit reporting agencies for at least 7 years.
February 15th, 2009 at 11:16 am
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yes they have right to it. is for security issues stolen credit card and other stuff.
February 17th, 2009 at 10:22 am
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If you tell the companies to keep you info confidential, they will.
February 18th, 2009 at 8:34 am
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Sure. After all, you gave it to them