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Hard Inquiry on TU today!

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kshew97
Valued Member

Hard Inquiry on TU today!

I thought I was over this mess, but it looks like a few bottom feeders are still out there!


Got an alert today there was a new hard  inquiry on my TU from Wein, Welman & Reis. After researching them, it appears they buy OLD OLD OLD junk debt. I have NOT received a call from them, and have NOT seen a dunning letter.

 

Should I DV them now, or wait to see if I get a letter? Any options for getting the hard inquiry removed?

 

I used to know these answers, but got a bit rusty after getting everything cleaned up and "gardening" my new accounts. Just used to wait around for letters, but it is amazing how protective I am of my CR now that I got out of that black hole I created years ago!

 

 


Starting Score: 577
Current Score: 742
Goal Score: 750


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Message 1 of 9
8 REPLIES 8
guiness56
Epic Contributor

Re: Hard Inquiry on TU today!

They should not have done a HP IMO.  If they are not on your CR it should have been a SP.

 

I would tell the CRAs you DO NOT have a business relationship with them and since they are not on your CR they should have done a SP.

Message 2 of 9
Shogun
Moderator Emeritus

Re: Hard Inquiry on TU today!

+1 and I would send the DV now, the HP of your CR would be considered a first contact.  Any DV sent now would be considred timely.  Also, you should receive a dunning notice from them within 5 days.

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 3 of 9
RobertEG
Legendary Contributor

Re: Hard Inquiry on TU today!

I presume, with all the names in their title, that they are also a law firm?

If so, it is difficult to say at this point whether they are acting as legal counsel for the creditor, or as their debt collector.

If, as your research appears to show, they have a primary business of collection of debt, they would become a debt collector.

 

The issue of whether or not their inquiry was a communication is not determinative of whether you can DV them, as any DV is timely until they have sent dunning notice and the 30 day period set therein has expired.  So I would send a DV, and if they are in fact acting as a debt collector, they must cease any collection activities until they have provided verification.  If they are not asserting to be a debt collector, as absence of dunning notice might imply, the DV would be moot.

 

Send a DV and get a collection bar in the event they do assert to be a debt collector.

 

As for challenging their inquiry, the issue is whether they have a permissible purpose.  If authorized legal counsel, I would presume they have the full authority to act on behalf of their client, who does have permissible purpose.  If a debt collector, they have their own express permissible purpose.

 

The FCRA does not regulate coding of hard vs soft inquiries other than inquiries for which you have not initiated a request for credit or insurance...so-called promotional inquiries.  Tough to pursue coding disputes when they otherwise have a permissible purpose.

 

Message 4 of 9
kshew97
Valued Member

Re: Hard Inquiry on TU today!

Any advice on how to/what type of wording to include in a DV that would also address them (hopefully) removing the HP?


Starting Score: 577
Current Score: 742
Goal Score: 750


Take the FICO Fitness Challenge
Message 5 of 9
RobertEG
Legendary Contributor

Re: Hard Inquiry on TU today!

I would not include anyting regarding the inquiry in your DV.  It is unrelated, and might result in their interpretation of your DV as a dispute.

 

Message 6 of 9
Shogun
Moderator Emeritus

Re: Hard Inquiry on TU today!

+1  Don't include any wording that might be taken as a dispute.

 

They may be a law firm, they may not.  I've seen many CAs with their names manipulated to sound like they are law firms or they are some type of authority.

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 9
kshew97
Valued Member

Re: Hard Inquiry on TU today!

Forgive my ignorance, I wasn't aware you could dispute an inquiry. There is no TL on my CR.

So, a DV letter, then what do I do about the inquiry? How do I approach the CRA to have it removed, or am I stuck with it?

Starting Score: 577
Current Score: 742
Goal Score: 750


Take the FICO Fitness Challenge
Message 8 of 9
MzKoli
Contributor

Re: Hard Inquiry on TU today!

When I sent an INQ removal rqst to the CRA they adv contact CA. When I sent rqst to CA got a nice reply back saying unauth INQ is valid in attempting to collect a debt... blah blah blah
Message 9 of 9
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