mortgage brokers have been pulling my credit without my authorization who do I report them to?

Question

In all the cases that they pulled my credit report is when I specifically declined to authorize a new pull. I would fax them my most current report with a contigency that I will authorize a new pull only if I was satisfied with their loan prequalification. this wasn't done and yet they proceeded .

Answer 1

You can put a "hold" or "freeze" on your report with the bureau but that will also slow down your applications for credit because you will have to authorize a release for them first.

Also, a hold won't stop delinquent account collections/creditors and businesses that you already do business with or have credit with.

Always Opt-Out of sharing info with "business partners" on privacy releases.

When they pull your credit, it is marked as "marketing" and it will NOT effect your credit score. Applying for an auto loan with 5 different companies will though.
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Answer 2

Despite what most people are told, there is very little information verification needed for a business to get your credit report. The amount of information they recieve varies depending on what they provide during the pull. None should pull your credit report without your authorization, but if they indicate during the pull that it is for pre approval screening and request the report with the least amount of information, you may not be able to stop them. Pull a copy of your credit report from Equifax and look at the inquiries. You should be able to identify what type of report was pulled from there. If you feel that they have acted in an unfair or illegal manor, you may want to consult a lawyer and see if there are any legal ramifications.

Answer 3

Creditors are allowed to pull your credit report for "permissible purposes". The minute you contact them for a loan, you gave them that reason. At best they could pull one report, but never more.

You need to send them a certified letter, return receipt telling them they do not have a permissible purpose and you are no longer doing business with them. Inform them that if they pull it again they are in violation of the Fair Credit Reporting Act and they could be sued for $1000.

If they pull another report on you, pretend you just won the lottery. It's a simple small claims lawsuit and you will win, as long as you have that proof of mailing them a letter first.

Answer 4

First, complicated inquiries basically ding your score a pair factors. 2d, numerous complicated inquiries interior of a short era by using loan lenders are all counted as purely one inquiry. that's obvious which you're loan identifying to purchase, not removing numerous mortgages. each creditor will pull their very own credits checklist. That way they understand they are getting a modern-day, undoctored checklist. loan lenders pull comments/rankings that are geared for mortgages. oftentimes the rankings are below the buyer version which you get. you should additionally be arranged for the loan lender to tug your credits checklist a number of circumstances for the duration of the approval technique. that contains pulling a checklist purely in the previous final. They try this to make specific not something has replaced. you would be shocked how oftentimes some thing unfavorable shows up on that checklist purely in the previous final -- somewhat if somebody has performed "dispute each thing and wish it falls by using the cracks" to freshen up their credits checklist.

Answer 5

Creditors and mortgage brokers need your written permission to pull your report. Many of these mortgage brokers are start up companies and fail within a year or two.

Report the pulls to the credit bureaus, and they will stop the pulls. Then, go to a lawyer, and push further, if you wish.

Answer 6

visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.