How do i get Companies that do not have my approval to stop making inquiries of my credit report?

Answer 1

Two ways-- Contact the Direct Marketing Association and get yourself off all the junk mail lists.

Notify each creditor, bank, utility company that you do not want the selling your information. If you read those little notices they send you, you will see that they sell your information and you have to opt out under their "privacy" policies. Tell them you don't want them sharing your personal information with anyone, period.

Also-- you can tell all three credit bureaus to make your records private and not sell your data. They also do screens and sell quality leads to credit card companies which is why you get all those stupid offers in the mail.

Since I have opted out of everything and told the credit bureaus not to sell my data, I receive very little junk mail or phone solicitations. Oh--your driver's license bureau is probably selling your personal information, too. That one really burns me because you are required to provide a lot of sensitive data to get a license, I don't think they have the right to sell it, but they do--unless you contact them and opt out of that, too.

Answer 2

Until you have completely settled the finance, the car is not yours. It belongs to the finance company. If you were to sell the car, that could be considered either fraud or theft by the finance company and/or the Police. Either conviction could lead to a prison sentence, and a criminal record that will harm your employment chances for the rest of your life. In addition, you would still be liable to pay the rest of the finance. If you stopped the payments the finance company will investigate, and may take you to court. You won't win that case. Failure to keep up the payments will harm your credit score, which will make it more difficult for you to get any form of credit in the future (e.g. electricity or gas account, mobile phone contract, another car loan, a mortgage, a credit card or store card, etc.). If you are short of money, you need to phone the finance company to explain the situation. You can then get their permission to sell the car, but that will be on the understanding that you use the money from the sale to settle the finance. Ask them for a settlement figure. You need to be aware that if you bought the car new or nearly new with a small deposit, the settlement figure from the finance company may be more than the current re-sale value of the car. Any sensible buyer will do an HPI check before buying your car, which will show up that there is finance outstanding on the car. Should you sell the car without clearing the finance, the finance company are within their rights to repossess the car from the buyer. In that event, the buyer will likely chase you for a refund, and if you do not pay up could take you to court. A County Court Judgement against you will further damage your credit score.

Answer 3

No one should be accessing your credit report without your express consent. Contact each of the 3 credit reporting agencies (Experian, Equifax and TransUnion) and have a fraud alert placed on your file. Your identity may have been compromised and the "thief" may be trying to obtain credit in your name.

You can find out more about identity theft at www.ncua.gov in the Resources for Consumers section. I've included a direct link below for you convenience.

Good luck and act quickly.

Answer 4

Call each of the three main credit bureau's and get fraud alert added to your account. Now when anyone tries to see your credit report, it will be blocked. You will get a call from the credit bureau to ask if you want to let the company. Remember to always give them a phone number where they can get in touch with you though.

Answer 5

I believe that you can ask the three credit reporting organizations to block any credit requests from certain sources. The three credit bureaus are Equifax, Trans Unnion, and Experian.