I have a former friend who is a mortgage broker and 2 years ago when we were going to refinance I allowed him to run our credit for that purpose. Since that original inquiry, he has proceeded to "check up" on both my husband and I by running our credit 4 more times in the past 2 years. These are hard inquires that are negatively affecting our credit scores! I realize that I have an uphill battle with the credit reporting agencies and I'm prepared for that, but who do I contact to report him? It's not only unethical and wrong, but it's highly illegal!
2007-09-18 10:29:12 · 4 answers · asked by Monica W 2 in Business & Finance ➔ Credit
The simplest thing to do is send a dispute to the credit reporting agencies saying you did not authorize these inquiries. As with other listings they will verify the request. If it is not verified they will be removed.
Since you did give them authorization 2 years ago, it might be hard to prove that you did not give him authorization in the future. If you signed something it could have had a statement that says they can run it again every few months. I am not sure this is your case but something to look at. But you can stop them from doing it again. Send a certified letter to your "friend" stating that you no longer give them authorization to run your credit. Send this certified mail with return receipt. If they run an inquiry after they have received this you will have a case for further action.
Now, probably not what you want to hear, and I am not defending him if in fact they did run it without authorization. But 4 inquiries in 2 years is not harming your score more than a few points. Credit Inquiries remain on your report for 2 years. However, for scoring they are only used for the first year, and the first 6 months is where the most negative effect is happening.
2007-09-18 10:57:17 · answer #1 · answered by OC1999 7 · 1⤊ 0⤋
I'm not sure that they can get it removed. The report that there was an inquiry comes from the credit reporting agency themselves. The path you need to follow is why they performed an inquiry on you. If they did not have a "permissable reason" in requesting it, you may have a violation of the FCRA and you can sue them. What was their reason for getting your credit report?
2016-05-17 22:58:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'd start with the mortgage company the former friend works for. Send them a letter asking why they are pulling your credit report?
2007-09-18 10:49:18 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋
I have been able to remove inquiries from my credit report by disputing them. I believe each of the three major bureaus have an online dispute web site. If not, you can order your credit reports from http://www.myfico.com and then dispute those inquiries there. I was able to get most of them off of my report.
2007-09-18 10:59:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋