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Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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Who is MDA Capital, Inc? (They soft pulled me)

I just looked at my EQ report and noticed the following inquiry:

 

PRM - MDA Capital, Inc on 8/27/12

 

Who is MDA Capital, Inc?  PRM is a code Equifax uses for promotional pulls.  All I could find online was that they are a company out of St. Petersburg, FL.

 

Thanks,

 

 

Duncan



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Regular Contributor
Posts: 200
Registered: ‎03-15-2012
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Re: Who is MDA Capital, Inc? (They soft pulled me)

Looks like they are some kind of dealer/car financing company. They have a website, was the first link on a google search. 

 

Since the inq was promotional, I'd expect some kind of car loan/dealer "offers" to come in the mail.

2009-10 - C/Os
2011 - Debts paid, no open credit
2012 - Rebuilding started, secured cards opened, SL rehabbed - EQ myFICO 636
2014 - 10k Discover, 3.5k Freedom, AmEx Green, SL, Auto Loan - EQ myFICO 695
Moderator Emeritus
Posts: 14,051
Registered: ‎04-15-2011
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Re: Who is MDA Capital, Inc? (They soft pulled me)

+1 Unless you've had a previous account and an outstanding balance with them I'd assume that's what it was.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Epic Contributor
Posts: 27,014
Registered: ‎03-19-2007
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Re: Who is MDA Capital, Inc? (They soft pulled me)

PRM is the inquiry code to record "inquiries" made for promotion offers for credit.  They are special types of inquiries that are regulated by FCRA 604(c).

They relate to inquiries  made in connection with credit or insurance transactions that were not intitiated by the consumer.

 

PRM inquiries are not entitled to your full CR.  They are less than normal soft pulls, as they lack any account-specific information.  They only receive your name and address, and then only if they have stated to the CRA that their request is for the purpose of making you a firm offer of credit or insurance.  They are not scored by FICO, as they are not inititated by a consumer.

 

If you dont later receive a firm offer from them, then they are in violation of section 604(c) as not having fulfilled the stated reason for their inquiry.

Frequent Contributor
Posts: 382
Registered: ‎06-26-2012
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Re: Who is MDA Capital, Inc? (They soft pulled me)

I know this thread isn't super current -

 

If they don't send you a firm offer and its really only a soft pull is it worth making waves over?

 

They also Soft pulled me but never sent me anything - I have a couple that have done that besides MDA capital.



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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Re: Who is MDA Capital, Inc? (They soft pulled me)

They finally sent me something and I shredded it. And then mailed it back to them in their prepaid envelope.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Valued Contributor
Posts: 1,587
Registered: ‎08-30-2012
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Re: Who is MDA Capital, Inc? (They soft pulled me)

LOL Duncanrr.

Scores: about 700 across the board
Total CL: $275k
Moderator Emeritus
Posts: 14,051
Registered: ‎04-15-2011
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Re: Who is MDA Capital, Inc? (They soft pulled me)


Duncanrr wrote:
They finally sent me something and I shredded it. And then mailed it back to them in their prepaid envelope.


Nice one!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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Re: Who is MDA Capital, Inc? (They soft pulled me)

It was an subprime offer. If it would had been a really outrageous one like that company that offers u a 10k CL for their extremely over-priced online store then I would had stuffed the envelop with some washers along with the shredded docs.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge

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