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@Anonymous wrote:Basically as far as the CAs knowing when you apply for new credit, they are either basically soft pulling your file every month or three and when they see new activity they go for you. That or they have a trigger set up which some do to be notified whenever there is a new application for credit.It happens all the time with credit card but usually those triggers are alerts for when a credit score falls below or rises above a certain number so that they can offer better rates or rate jack you. The universal default clause in many CC T&Cs operate on a trigger of any new derogs being reported that info is sent immediately to your card company.The CRAs are not working in conjunction with the crediotors beyond what the creditor has paid for.HTH
Hi Timothy! Brammy is nice so don't worry if you disagree with her or even me ( neither of us are all knowing), not so sure about the other two silverbacks, TNWM and Tuscani.
@Anonymous wrote:
@Anonymous wrote:
Basically as far as the CAs knowing when you apply for new credit, they are either basically soft pulling your file every month or three and when they see new activity they go for you. That or they have a trigger set up which some do to be notified whenever there is a new application for credit.
It happens all the time with credit card but usually those triggers are alerts for when a credit score falls below or rises above a certain number so that they can offer better rates or rate jack you. The universal default clause in many CC T&Cs operate on a trigger of any new derogs being reported that info is sent immediately to your card company.
The CRAs are not working in conjunction with the crediotors beyond what the creditor has paid for.
HTH
Sorry to disagree with a mod.
BUT
http://www.experian.com/products/collection_triggers.html
Experian launched a product in January called "Collection Triggers"
Brammy wrote:The CRAs are not working in conjunction with the crediotors beyond what the creditor has paid for.
phillippbo wrote:The date on the letter the creditor sent me was 07/26/07, so they definitely haven't exhausted the initial 30 days. I have sent the validation request letter, but do they have to wait the first 30 days before they can report it, or can they just pretty much do whatever the heck they want?
I think we are talking about the same thing. Those are the triggers I'm talking about and the product that are sold to various creditor. Its not that the 'Bureaus are working in conjunction with the creditors'. The creditor is the mainstay of the financial backbone of any agency. Consumers only recently had acces, for free or fee based to this info . Sorry didn't make that clearer. The collectors pay for triggers on certain customers acounts. Anyone you have done business with has access to your credit profile through triggers or soft pulls as long as they pay for it.
@Anonymous wrote:
@Anonymous wrote:
Basically as far as the CAs knowing when you apply for new credit, they are either basically soft pulling your file every month or three and when they see new activity they go for you. That or they have a trigger set up which some do to be notified whenever there is a new application for credit.
It happens all the time with credit card but usually those triggers are alerts for when a credit score falls below or rises above a certain number so that they can offer better rates or rate jack you. The universal default clause in many CC T&Cs operate on a trigger of any new derogs being reported that info is sent immediately to your card company.
The CRAs are not working in conjunction with the crediotors beyond what the creditor has paid for.
HTH
Sorry to disagree with a mod.
BUT
http://www.experian.com/products/collection_triggers.html
Experian launched a product in January called "Collection Triggers"
Noah_Bodie wrote:
Brammy wrote:The CRAs are not working in conjunction with the crediotors beyond what the creditor has paid for.
Horsefeathers! The CRAs are engaged in collections because there ain't a danged thing about skip tracing that was one wit to do with reporting.