Portfolio soft inquiry

[Anonymous]

I made a settlement with portfolio and it's been paid off since mid dec. it's showing on my reports as paid as well. Why have they soft pulled my credit 3x since then. I have no more business with them 

[Anonymous]

Maybe they want to buy some of your collections since they know your trying to settle .

[gdale6]

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@Anonymous wrote:

I made a settlement with portfolio and it's been paid off since mid dec. it's showing on my reports as paid as well. Why have they soft pulled my credit 3x since then. I have no more business with them 

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If you have no other debts out there unpaid then it would not be a PP (Permissible Purpose) as you have already settled with them and the collection is closed. Since its a soft I would not worry too much about it

[RobertEG]

I would suggest pulling a copy of your CR from annualcreditreport.com and reviewing the inquiry code to see what they provided as their permissible purpose.

If you cant get the code from that CR, send the CRA an info request under FCRA 609(a)(1) along with the processing fee of $11.00 and ask for a copy of their statement of permissible purpose.

You can then address the accuracy of their stated permissible purpose.