Lois5669 wrote:
I believe that if those CAs have a debt to collect that is yours, it's called permissable purpose and they are allowed to do the hard inquiries. I had one do this to me about 3 weeks ago. I'm just waiting for some mail from them..nothing yet.
+1
If they have permissable purpose, they can place this INQ on your file.. essentially they are checking your credit to see if they think they can squeeze payment out of you.. some companies will see a bad file, and just sell the debt because they think they would be 15th in line to get money and it is not worth their time... sometimes they will see your file, see there are no collections on file, and place it immediately to encourage payment..
they may also just be waiting for the worst possible time for you to place on your credit, such as when LVNV placed one on my file right when I applied for mortgage..
Which CA's were they? What were the INQs?
-scott
Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander ReposessionStill Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Starting Score: 06/2010- EQ 464
