Trans Union - dirty little secret

[pipeguy]

I found this by accident while researching an article I'm writing on credit scoring issues.

http://www.transunion.com/corporate/business/solutions/collections/first-party_recovery-scores.page

http://www.transunion.com/corporate/business/collections/third-party_accrd.page

If you wonder why when you make a payoff on a collection why other CA's seem to come out of the woodwork or if you wonder why when you apply to pre-qualify for a mortgage loan why zombie debt gets posted to your credit report, just follow the links. The CRA's "big brother" your information and sell it to the debt collectors. I have to admit I was surprised to find this information - if TU does it you can bet EX and EQ do too.

[pizzadude]

Yep ~ there are similar "services" offered by EX and EQ. They All do it unfortunately.

[bichonmom]

Wow! That's really unsettling.

[2NE1]

how can we avoid all of these?!

[Anonymous]

---

@2NE1 wrote:

how can we avoid all of these?!

---

I don't know because I am "opted out" and have my CRA's accounts frozen, and still, I recently received a letter from a CA regarding an old debt from back in the early 90's.  This nonsense started coming out of the woodwork when my husband and I applied for credit after having living for many years on the cash system.  Some of the letters I've received reference debts that have nothing to do with us and, some -- as the one I mentioned, are from YEARS ago.  I thought opting out and freezing my CRA accounts would make all the difference but, so far, that is not the case. 

[Booner72]

Yes, they all three do it.

There was a discussion here not long ago about this - and the concensus was that opting out would NOT prevent credit alerts/triggers to be sent.