05-04-2008 07:40 PM
05-04-2008 07:55 PM
This is easily one of the craziest things I've ever heard of! Unless there is something on the UA with Amex, I can't imagine they have any right to pull your credit. Were they hard or soft inquiries?
susanhannah wrote:I posted yesterday about AMEX sending my account to a CA, even though my payments have been on time and I pay above the minimum. I obtained my credit reports from all three agencies and found that the CA made four inquiries on April 28th and four on April 29th. This appears on all three reports.Is that within their rights to so?Thanks,SusanHannah
05-04-2008 08:09 PM
05-05-2008 06:25 AM
05-05-2008 06:26 AM
cheddar wrote:Pintos v. Pacific Creditors in the 9th Circuit ruled that a CA does NOT have PP if they are collecting on a non-credit-related transaction.
There has been some discussion on these forums about whether a CA has PP to pull a hard inquiry for credit-related transactions. I maintain that they do, but others disagree with me. The issue has not been settled by a court, AFAIK.Having said that, four inquiries is outrageous.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.