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Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Got a hard inquiry from a collection

I haven't had one on these is almost 2 years. It should be illegal for them to pull hard inquiries before first sending a dunning or something. What do I do?
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Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
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Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Got a hard inquiry from a collection

It's also my only report without a fraud alert.
-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

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Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
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Re: Got a hard inquiry from a collection

I would find out what collection the inquiry is for first off to make sure it isn't a new collection as you want to pay before it posts in that case. If it is a current collection already on your report, I don't know of anything you can do. You can't dispute the inquiry. Maybe someone else has gone through it to answer you better. Best of luck.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Got a hard inquiry from a collection

I am freaking out right now. Why is it that collection companies know how to mess up your credit with hard inquiries and they are allowed to? They did it on a Saturday and I have nlover received a  dunning from general collection services. I will be sending a letter demanding they prove they have PP and using my prepaid legal to send them anything else they can suggest. 

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

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Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
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Re: Got a hard inquiry from a collection

The thing is if you do all that, it alerts them that you may be trying to use your credit, and if it is for a account already on your report, they can add something nasty like a KD which will update the account and your score will plummet 50 pts or so. So thread carefully...
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Got a hard inquiry from a collection

[ Edited ]

They haven't reported yet so if I send a dv it should be timely to stop all collection efforts until they can verify. It's hard to thread carefully when you are trying to prevent them reporting anything. I already got a point grin from the hard inq. I've worked really hard to get all collections off my reports. 

 

I think by placing a hard inq they are sending a message as collection companies can sp instead. Usually they sp to be sneaky. Also if they pulled my report they know I'm seeking a mortgagae because they can see the inquiry.

I do need to calm and think rationally but I also need to act fast. I'm in between a rock and a hard place.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

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Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
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Re: Got a hard inquiry from a collection

I only meant thread carefully if the collection was already reporting. If it is a new collection that hasn't reported yet, then yes you should send a DV.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Got a hard inquiry from a collection

Their response to my BBB dispute on the inquiry in below. I responded to this requesting proof in writing. Plus I mentioned letter I showed they recieved and signed for that ceases all activity (letter ceased calling too) until they can verify. Letter also advises I req 30 days to review verification. They still haven't said what it is they are collectiong so I am in the dark.

 

We are in receipt of your correspondence regarding the consumer’s concerns.

On February 1, 2013, our client placed an accounts receivable account with our office for collection. This gave our office permissible purpose pursuant to section 604(a) (3) (A) of the Fair Credit Reporting Act to obtain the consumer’s credit report. Pursuant to that section of the FCRA, a “consumer reporting agency may furnish a consumer report (3) to a person which it has reason to believe (A) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer”.... (Emphasis added).

While we acknowledge the fact that the consumer is concerned with this issue, our office has not violated any provisions of the FCRA and did not report any information to the credit bureau. Our company name only appears on the report because we requested a copy of the consumer’s report pursuant to 604(a) (3) (A). The consumer’s account remains in our office and we are conducting collection activities for our client.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

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