topic Re: Remove Inquiries in Rebuilding Your Credit

Remove Inquiries

cdub69 — Fri, 02 Apr 2010 17:49:06 GMT

Transunion has two inquiries on my credit report from collection agencies first I thought that only I can see them,but a loan office said that it is lowering my score &everyone can see it.My question is how can I remove these inquiries?The two CA's are National Credit Adjusters & Infinity Group Receivables.Also,Bank Of America is pulled my report twice on the same day from Transunion for the same loan.Can I remove one of these?

Re: Remove Inquiries

RobertEG — Fri, 02 Apr 2010 18:09:23 GMT

All are, in my opinion, legitimate credit report inquires,. sanctioned by FCRA 604(a)(3).

The subject of whether an inquiry is coded as a called "Soft"or "Hard" pull is totally umregulated.

The FCRA has zero reference to those terms, and does not regulate

Re: Remove Inquiries

cdub69 — Fri, 02 Apr 2010 18:24:35 GMT

They are all Hard Pulls.How can this be legit,especially CA inquiries

Re: Remove Inquiries

fused — Fri, 02 Apr 2010 18:58:22 GMT

@cdub69 wrote:

They are all Hard Pulls.How can this be legit,especially CA inquiries

Do the CAs report collections on your TU report too?

Re: Remove Inquiries

cdub69 — Fri, 02 Apr 2010 19:15:48 GMT

Yes.What's that about?

Re: Remove Inquiries

fused — Fri, 02 Apr 2010 19:52:58 GMT

There has been much debate on the topic of CAs placing inqs on credit reports. There doesn't seem to be a consensus. That said, this is what I believe.

If the CAs have collections on your reports, they can pull your credit. They are a current creditor. If they don't have any collections on your report, and you are past SOL, they cannot pull your credit. Portfolio Recovery placed a hard inq on my TU report last Mother's Day for a debt from 1997. There was no Portfolio Recovery collection on my Tu report when they pulled it and the debt was past reporting and legal SOL. I sent PR two letters: a non-permissible purpose for the hard inq and a nasty cease&desist letter. I threatened to sue them in both letters. The day after they received my letters CMRR, PR remove the inq and they have not tried to contact me.

As far as I'm concerned, PR had not right to pull my TU report. I did not apply for credit with them and I did not apply for a job with them.

Re: Remove Inquiries

Anonymous — Fri, 02 Apr 2010 20:07:42 GMT

The credit reporting agencies differentiate between “hard” and “soft” inquiries. Hard inquiries are ones initiated by consumers. Soft inquiries are inquiries not initiated by consumers and as shown below 1681c(3) clearly states that even if CA had a permissible purpose, it should have been a soft inquiry and not a hard inquiry. 15 U.S.C. § 1681©(3) states:

Information regarding inquiries. Except as provided in section 609(a)(5) [15 U.S.C. § 1681g], a consumer reporting agency shall not furnish to any person
a record of inquiries in connection with a credit or insurance transaction that is not initiated by a consumer. [Emphasis Added]

my 2c

Re: Remove Inquiries

Anonymous — Tue, 06 Apr 2010 06:35:22 GMT

@fused wrote:
There has been much debate on the topic of CAs placing inqs on credit reports. There doesn't seem to be a consensus. That said, this is what I believe.

If the CAs have collections on your reports, they can pull your credit. They are a current creditor. If they don't have any collections on your report, and you are past SOL, they cannot pull your credit. Portfolio Recovery placed a hard inq on my TU report last Mother's Day for a debt from 1997. There was no Portfolio Recovery collection on my Tu report when they pulled it and the debt was past reporting and legal SOL. I sent PR two letters: a non-permissible purpose for the hard inq and a nasty cease&desist letter. I threatened to sue them in both letters. The day after they received my letters CMRR, PR remove the inq and they have not tried to contact me.

As far as I'm concerned, PR had not right to pull my TU report. I did not apply for credit with them and I did not apply for a job with them.

I've actually had an FTC Advisory and they believe what you say is true.

Re: Remove Inquiries

britishbooklady — Tue, 20 Jul 2010 17:29:24 GMT

fused wrote:
There has been much debate on the topic of CAs placing inqs on credit reports. There doesn't seem to be a consensus. That said, this is what I believe.
If the CAs have collections on your reports, they can pull your credit. They are a current creditor. If they don't have any collections on your report, and you are past SOL, they cannot pull your credit. Portfolio Recovery placed a hard inq on my TU report last Mother's Day for a debt from 1997. There was no Portfolio Recovery collection on my Tu report when they pulled it and the debt was past reporting and legal SOL. I sent PR two letters: a non-permissible purpose for the hard inq and a nasty cease&desist letter. I threatened to sue them in both letters. The day after they received my letters CMRR, PR remove the inq and they have not tried to contact me.
As far as I'm concerned, PR had not right to pull my TU report. I did not apply for credit with them and I did not apply for a job with them.

This exact same thing just happened to me. Portfolio Recovery Associates sent me a letter about an old (over 10 years) debt last week and then yesterday, did a hard inquiry on my TU report. I was alerted through my credit monitoring service and it actually dinged my TU FAKO score 4 points! I'm afraid to think what my FICO score actually looks like. I'm so aggravated...we've been working so hard at clearing out the old stuff and trying to keep our scores up so that we can actually apply for a mortgage by the first of the year.

Fused, you mentioned sending PR two letters...a Non-PP and a Cease and Desist. I'm searching for info on these so I can draft my own letters but would really appreciate knowing what FCRA or federal code each letter should refer to...so I can look them up and truly know what I'm talking about when I write them.

Thanks, in advance, for any help you (or anyone else) can give me. I do appreciate it.

Re: Remove Inquiries

fused — Tue, 20 Jul 2010 19:10:53 GMT

I used this letter and made some changes to fit my situation.

Non-PP Letter

Re: Remove Inquiries

britishbooklady — Wed, 21 Jul 2010 12:24:47 GMT

Thanks! I actually stumbled across this yesterday, but because it's from 2007 I wasn't sure if the citations were still accurate...you know, with all the changes in the laws the last couple of years.

You guys are awesome!!! I am learning so much from these forums and can actually see a light now at the end of the dark and dreary credit tunnel!