@llecs wrote:
Why? Because they are allowed to. Specifically, when they pull, they might be looking for accurate address or other contact info (e.g. employment, phone) that maybe wasn't available to them before. Also they probably want to see the collectability of any debt. For example, if a debtor has a horrid payment history with collections and no active TLs, then might rank that person low on their collectability list. On the flip side, if they pull they might see a good history with the means to pay a debt and thus collection efforts would probably be profitable for them. Also if they plan to sell the debt, then pulling a given credit profile might be helpful in determining which debts to pass on.
I can see them using it as a way to get contact info or updates on employment, but can't they get that same info with a soft pull? It seems like there are a lot privacy issues here since we do not have any control over this. Basically, CAs can damage someone's report intentionally without even knowing if they have the right person (I know, they are "supposed" to have proof, but I think we all know a little better than that). If a CA reports a collection, at least you can dispute if it isn't accurate, but if they start doing hard pulls, there is nothing you can do about it, even if the debt they own is later proved to incorrect.
