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Regular Contributor
Beasley12
Posts: 136
Registered: ‎06-04-2012

Interesting Article about debt collectors pulling your credit file

http://finance.yahoo.com/news/debt-collector-stop-pulling-credit-120039578.html

 

Highlighted portion:

A Credit.com reader, Lori, wanted to know if a debt collector could continue to pull her credit even after a small-claims case had been dismissed. She had successfully had the information removed from her credit reports, but the collection agency, which now had no case against her, had pulled her credit twice since the case was dismissed. Her question: Is that legal?

 

The answer is simple, according to Chi Chi Wu, an attorney with the National Consumer Law Center: No. In the organization’s legal manual Fair Credit Reporting, it says:

Even in the case of credit accounts, collection is not a permissible purpose for obtaining a consumer report once the account is no longer collectible.

Making the debt collectors stop checking, however, may not be easy. Lori may need to to complain to regulators and/or hire an attorney, Wu said. She can submit a complaint to the Consumer Financial Protection Bureau, or she could look for a lawyer (the National Association of Consumer Advocates has a list on its website).

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guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Interesting Article about debt collectors pulling your credit file

Regular Contributor
trix_r_4_kids
Posts: 184
Registered: ‎04-28-2012

Re: Interesting Article about debt collectors pulling your credit file


guiness56 wrote:

That makes sense.

 

Once a debt no longer exists there is no PP.


Does that only count for hard pulls, or would it apply for soft pulls as well?

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