like at experian or equifax?
2007-10-20 16:33:29 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
You credit report can be pull with permissible purpose only (as defined by FCRA). FCRA § 604(a)(3)(A) defines collection purpose as permissible.
2007-10-20 21:24:35 · answer #1 · answered by Dr. Shakar 2 · 0⤊ 0⤋
Yes. The moment you became delinquent, your right over the documents you have submitted and signed are waived. All documents appertains to the credit/loan will be submitted to the Collection Agency including Credit Investigation Reports and will serve as basis for the Collection strategies. If you ignore collection agency's action, these documents will serve as an attachments and become integral part of the complaint affidavits to be filed against you in any appropriate courts to protect the interest of the agency's clients.
2007-10-20 17:18:11 · answer #2 · answered by Richard Jesus T. Savellano 2 · 0⤊ 0⤋
Since collection agencies are either assigned or purchase the debt from the original creditor who has an application where you agreed to allow credit inquiries, they actually do have your permission. When the debt is sold, all the contractual stuff goes with it.
However, I'm not sure why they would need to pull a credit report. It might be construed as purposely trying to damage your credit.
2007-10-20 16:40:03 · answer #3 · answered by bdancer222 7 · 2⤊ 0⤋
I think that not only are they allowed to run them, they are allowed to add to them.
They bought your debt from the company you owe.
2007-10-20 16:39:32 · answer #4 · answered by justhefacts 3 · 1⤊ 0⤋
Yes. They are the creditor
2007-10-20 16:41:08 · answer #5 · answered by Anonymous · 0⤊ 1⤋