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Can't verify credit references

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Established Member

Can't verify credit references

Recently I applied for a discover personal loan. I was approved for 20k then they asked me the security questions. One of them was info about my dad's credit. He has my same name and we live in the same house. They asked if I had ever owned the car he owns. I said no. Had I said yes I would have got the loan.

How do I take discover to court over this? I'm sending them a letter in response to theirs tomorrow stating pretty much the same as I have here asking them to grant the loan or remove the hard pull.

What options do I have? I already asked lexisnexis to send me my personal report.
Message 1 of 14
13 REPLIES 13
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Established Contributor

Re: Can't verify credit references

On what basis would you take them to court?












Message 2 of 14
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Community Leader
Senior Contributor

Re: Can't verify credit references

taking them to court for what??

 

 

Every creditor has their own approval process, they can and will deny for any reason they see fit.

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Message 3 of 14
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Established Member

Re: Can't verify credit references

From what I can tell they are using information to deny me that does not belong to me, and the information isn't on my credit reports to begin with.

I want them to grant the loan or remove the hard pull, but failing both of those I think there is some legal grounds to pursue for denial based on inaccurate data. After I inform them of the issue, and they fail to resolve it, there has to be some legal recourse. Right?
Message 4 of 14
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Community Leader
Senior Contributor

Re: Can't verify credit references

Obviously if you have the "same" name that is where the mix up could very well be. Did they infact pull your credit or your fathers? and what is their reason for denial of the loan?

 

Again I don't see you having any "legal" recourse for court.

 

 

EXP 758 TU 783 EQ 729
Message 5 of 14
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Valued Contributor

Re: Can't verify credit references


@Genio wrote:
Recently I applied for a discover personal loan. I was approved for 20k then they asked me the security questions. One of them was info about my dad's credit. He has my same name and we live in the same house. They asked if I had ever owned the car he owns. I said no. Had I said yes I would have got the loan.

How do I take discover to court over this? I'm sending them a letter in response to theirs tomorrow stating pretty much the same as I have here asking them to grant the loan or remove the hard pull.

What options do I have? I already asked lexisnexis to send me my personal report.

Suing anyone can be done....winning the suit is a different story. There are specific reasons for which denial of credit can not be based such as race or ethnicity or religious beliefs. Absent any of that, a creditor is not required to extend credit to anyone...a loan is not a right. IMO a lawsuit in this case would fail and likely result in you having to pay for their legal fees. Keeping in mind they wanted to extend the credit in the first place and was thwarted by an erronious item in the credit report, just explaining this to the CSR would likely have a favorable outcome. I would not make it sound like a demand to them though. I am not a lawyer, so this is just my opinion.

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Message 6 of 14
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Moderator

Re: Can't verify credit references

As a consumer, it's your responsibility to correct any inaccuracies on your reports.
Discover went by what's on your report, they cannot ignore the discrepancy between your answer and your report.
Your best bet is to correction inaccurate information, apply again and once/if approved politely ask to recode one of the inquiries as soft one. They may or may not do so, but it's worth a try.
As far as legal action, they followed a proper procedure, you really have no chance there.
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Message 7 of 14
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Moderator

Re: Can't verify credit references

If one could sue a lender based on a verification system then Blispay would have been dead on arrival.  

 

OP, best of luck to you but legal proceedings is a long stretch here in my opinion.  

Message 8 of 14
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New Contributor

Re: Can't verify credit references

Are you sure they pulled your report and not your fathers? If you have the same name and same address it’s possible they pulled his credit and then denied you when you answered “no” about the car as they would’ve expected a “yes”.

Have you tried to recon with them to see what happened? Just my two cents but I feel that’s something that you may be able to explain to a UW or CSR.
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Message 9 of 14
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Community Leader
Senior Contributor

Re: Can't verify credit references

Yes blispay would be out of business lol
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Message 10 of 14
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