Collection Agency

[Anonymous]

The next time they contact you tell them they are in violation. It should not affect you trying to get a mortgage most mortgages only look at most recent collections like the past 2 years. As far as your score going up and down it will change from day to day. If I am not mistaken those are called soft inquiries and they do not affect your credit score. Hard inquiries are from you applying for credit. In other words you have to give your permission for a hard inquiry and that will affect your score.

[Anonymous]

This is where I'm confused and looking into this. I am trying to figure out on my report if these are soft or hard inquiries. They show on same location along with couple creditors that I have applied for credit. So I'm thinking these inquiries from collection agency are showing as hard inquiry? Not sure yet? Also what i don't understand is how can they show up as a soft or hard inquiry legally because I did not apply to this collection agency for credit nor a job?

[Anonymous]

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daisylove wrote:

guess what I am a debt collector. You should not be pursued if the debt is over 7 years old you need to inform them of that. However here is the bad news if the debt is being reported and has been for the past seven years and is being transfered from here to their that will allow them to keep the bad debt on your report for many years to come. Becuase it is getting updated information. That could mean payment or transfer to another agency. You need to get a copy of your report and find out what is going on

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I dont care who they sell it to. If it beyond seven years since the original creditors date of delinquency, it cannot be reinserted though some may try. Within the 7 year period it can be reinserted as often as they choose to each time it is sold.

[Anonymous]

I see your confusion but I am almost positive that a hard inquiry is only when you are applying for credit. In other words you have to give permission. A soft inquiry is for your creditors and others who want to extend credit offers to you and for employers looking to employ you. They have permission only by affiliation to you.

[Anonymous]

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daisylove wrote:

I see your confusion but I am almost positive that a hard inquiry is only when you are applying for credit. In other words you have to give permission. A soft inquiry is for your creditors and others who want to extend credit offers to you and for employers looking to employ you. They have permission only by affiliation to you.

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I had the same thing happen as OP did and it was a HARD inq as I'm sure theirs was.  Nothing on my reports and haven't been for quite some years, just like them. I just find it really unusual that all these collection agencies like to use TU as their little inquiry playground. 

And if OP is getting hard inqs every quarter then YES this is impacting their score, especially if they want to apply for credit with a legitimate creditor.

This whole subject just burns me no end.... sorry for the mini rant  

[kiki2]

Portfolio appeared on my Trans Union Account last month as a HARD inquiry.  I called Trans Union to dispute the pull since I had no idea who this company was & I had not given anyone permission to pull my report.  The TU CSR told me that there was nothing she could do because they(Portfolio) had authorization to pull.  I explained to the woman that I never consented to the pull & that I had no idea who the company was.  The CSR put me on hold and then came back to tell me that it was related to another account on my report but she had no idea which one.  When I asked her why this company would be allowed to do a hard inq without my permission she told me to call Portfolio and ask them.