Reply
Frequent Contributor
Posts: 402
Registered: ‎02-23-2012
0

GW Inquiries - Why the hell not!

Ok so I hit a brick wall with the GW's - I decided to GW inquiries now to see what happens - at this point I just need some forward momentum!!


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 402
Registered: ‎02-23-2012
0

Re: GW Inquiries - Why the hell not!

[ Edited ]

Ok I found a nice little letter and will be sending out ten today.  Below is a sample of the letter:

 

 

RE: Unauthorized Credit Inquiry

 

To whom it may concern,

 

While checking my personal credit report, I notice an inquiry made by your organization.

 

Since I have not, to the best of my knowledge, authorized anyone employed by your organization to make an inquiry, you are not legally entitled to make the inquiry. Therefore, I request that you contact the concerned credit bureau and remove the unauthorized hard inquiry immediately, under the Fair Credit Reporting Act, Section 1681b(c): Transactions Not Initiated by Consumer. I also request that you remove my personal information from your records. Please send me a written confirmation that you have complied with my requests.

 

If you believe that you possess sufficient documentation that supports your authorization to make the inquiry, please send me a copy to my current address so that I may verify its validity. 

 

Thank you for your prompt attention to this matter, and please do not hesitate to contact me with any questions or concerns.


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge
Mega Contributor
Posts: 19,449
Registered: ‎03-19-2007
0

Re: GW Inquiries - Why the hell not!

The suggested letter is couched in terms of a direct dispute, and is likely to result in a dispute being reported to your credit file.

It is not presented in terms of a GW request.  They are apt to be confused by their obligation.

 

Did the party have permissible purpose to pull your CR?  Express consumer authorization is not required if they have a permissible purpose.

What is your business relationship with them that would have permitted their access?

 

I would be clear as to whether you are disputing, and if so, the basis for asserting a non-permissible purpose, or whether you are requesting their good-will.

If a GW request, arguments about their authority are not apt to foster an atmosphere of good-will.

 

 

Frequent Contributor
Posts: 402
Registered: ‎02-23-2012
0

Re: GW Inquiries - Why the hell not!

I was looking into a possible mortgage and the broker submitted my credit without my permission to many many different mortgage companies - ten total over the course of three weeks - I certainly did not authorize the broker to do that, but impliedly I can see how there could be a "permission" issue as to the credit checker - I am going to start with that letter and if they come back as authorized then I will GW with the precise explanation

 

Either way I'll keep everyone posted


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.