poor credit hurts refinancing;so when they check on an old account bought and sold,etc.(I think illegal)are they making the credit score go lower & can they be sued to help for all the money lost in higher rates do to their illegal? activity as well as harrassment?even a class action suit?
2006-12-13 02:06:36 · 3 answers · asked by illegally..harrassed 1 in Business & Finance ➔ Credit
THE FAIR DEBT COLLECTION PRACTICES ACT:
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm
2006-12-13 02:12:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
when collection agencies or credit card companies check your credit, it does not make your credit go down.
The only time it makes your credit go down is if YOU request a credit check, like if you are considering buying a car and ask several different companies for loan rates. If you ask too many companies for rates and then dont buy a car, your credit goes down.
2006-12-13 02:11:09 · answer #2 · answered by Kutekymmee 6 · 0⤊ 0⤋
absolutely no one can check your credit without your permission. The credit bureau can cut off their account if they find out. Let them know about this.
2006-12-15 18:34:26 · answer #3 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋