i want to know if it is legal for a company to run your credit report without ur permission and without bisnus

Answer 1

I work for a Mortgage Company. Your verbal consent is all that is needed for someone to run your credit report. However, that only allows them to run it one time unless you give them further authorization to run it again. You need to contact these creditors and find out where they got permission to run your report from and tell them if it continues you will be contacting your state's banking dept. Trust me, when you mention the banking dept. that's their license in jeopardy and they don't take that lightly.

Answer 2

It depends what you mean by "run yoiur credit report" there are 2 types of inquires on your credit report; "soft" and "hard". Only you and the credit bureaus see the "soft", which can be done by anyone, anytime. "Hard" inquires are the ONLY inquires that actually affect your credit score, that is done when you apply for credit, and can only be done with your permission. A common "soft" inquiry will be a company that may want to offer you credit, ie: a Credit Card Company performs a "soft" inquiry to see if you meet their basic criteria, like credit score. They do not get a full credit report, only basic info like name and address, and whether or not you pass the "test" the company is looking for. You can stop those inquiries by calling the opt out number, 1 888 5 OPT OUT, that will stop the credit bureaus selling your info through the "soft" inquiries. This also greatly stops solicitations in the mail, as that is the preferred way to make solicitation lists. That is the root of "pre-approved" letters, "pre-Selected" is different, neither really means anything, it's just the method your info is obtained. "Pre-approved" is from a "soft" inquiry, meaning you are likely to be approved from the "test" the credit bureau performed. "Pre-selected" means your name is on a solicitation list somewhere and the company bought it. Other "soft" inquiries could be "maintainance" inquiries, from companies you have credit with, look in your Cardmember agreement, they can do this at any time to see if your credit is still as good as it was when you applied, and they can "revoke" your card based on this info.

The thing to always remember is that "soft" inquiries CANNOT and DO NOT affect your credit score in any way. Only "hard" inquiries do, and your permission must be obtained to perform a "hard" inquiry.

Answer 3

The second answer is the best so far. You written consent is ALWAYS needed. That said, if you signed anything provided by the company, you probably did give written permission to check your credit. If you have any sort of account with the company, the permission you gave when you opened the account is good for as long as the account is open. Inquiries regarding employment or maintaining existing accounts are not counted in your FICO score.

Answer 4

No one can check your credit for any reason without your express written consent. If you filled out and signed an employment application at anytime, you probably authorized them to do it. However, even if you did, they cannot just run it for no reason. For example, if your company has 25 employees, and you are the only person they checked credit on, I think that that is illegal. If it was part of their normal procedure and they checked credit on all 25 employees, then you don't have a case.

Answer 5

Businesses that extend credit to you, provide insurance for you and conduct other financial transactions with you may access your credit history to see if you pay your debts on time. In some cases, a company for which you work or to which you apply for a job may check your credit history as part of its hiring or promotion processes.

So if you're working for them, yes, they can access your credit report.

Answer 6

It depends on what kind of company you are talking about. If you are talking about insurance type companies, then yes. Some places that you apply for a job can run your credit also. Most other companies do not have the right.

Answer 7

Sometimes. They need to have "permissible purpose" otherwise it's not legal.

"Permissible purpose" is defined in the Fair Credit Reporting Act (FCRA). Click on the link for the full rundown.

Answer 8

Haha you dont might desire to offer your social to them for them to discover it out. All companies and banks choose is your handle, call and doubtless date of delivery the rest you gave specific doesnt harm the two. incredibly with how greater the internet is getting, in basic terms look at Google as an occasion type in any indexed telephone quantity and you get their handle a map and different info you may as nicely stand infront of somebody's homestead in NYC. it relatively is all public suggestion. So it relatively is thoroughly conceivable for them to pull a record on you without you "giving" them your social. Plus they in all probability in basic terms ran a gentle inquiry and it has no result on your credit just to make specific in case you became a shopper in case you would be a financial danger for them. in case you have been then they might have not have been given any reason to return out to demonstrate screen your get admission to.

Answer 9

No, it is against the law, assuming you haven't applied for a checking account or are otherwise trying to do business with some company.