If they cannot, what can I do about it, if they did?
2006-07-01 10:37:07 · 4 answers · asked by Rick 2 in Business & Finance ➔ Credit
Only if they have permissible purpose to pull a hard.
Purchasing the debt, or already owning the debt is examples of permissible purpose.
Unfortunately, some collection agency's feel it is their duty to pull a hard inq. every month. I guess they get their jollies in screwing up your credit even more by pulling as often as they can.
2006-07-01 11:07:17 · answer #1 · answered by echo 7 · 0⤊ 2⤋
Yes, absolutly, that is the reason there is such a thing as credit bureaus & credit history. It was created to protect lenders.
Your best defense is to keep a good, clean record.
2006-07-01 17:58:16 · answer #2 · answered by rpf5 7 · 0⤊ 1⤋
A collection is 'permissable purpose' per the FCRA. That means they do not need your permission. However, repeated hard pulls meant to deliberately hurt your score further is called 'file poisoning' and THAT is NOT legal.
2006-07-01 19:00:25 · answer #3 · answered by SciFiDiva 2 · 1⤊ 0⤋
Yes. If they think you are a skip risk, they'll pull it more often.
2006-07-01 18:33:27 · answer #4 · answered by Anonymous · 0⤊ 1⤋