Stop with the inqs already....!

[adavis425]

I was alerted to a new inq on my CR today. Is anyone familiar with UNIVL DATA S (that's how it is listed on my TU report)?  I can't seem to find out what/who it is. In any event, I did not initiate this (unless it's Chase). How do I have it removed from CR? I'm considering freezing my reports. Is there any downside to that? Thanks.

[MarineVietVet]

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@adavis425 wrote:

I was alerted to a new inq on my CR today. Is anyone familiar with UNIVL DATA S (that's how it is listed on my TU report)?  I can't seem to find out what/who it is. In any event, I did not initiate this (unless it's Chase). How do I have it removed from CR? I'm considering freezing my reports. Is there any downside to that? Thanks.

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That could be Universal Data Services. It's category is listed as: 3rd Party Debt Servicing, Adjustment/Collection Services  

[RobertEG]

The entire purpose of FCRA 604 is to list permissible purposes for which a party does not have to obtain approval from a creditor to receive your credit report.

Your acts, either in intiating a request for credit, insurance, or a business transaction, or their acts in reviewing active accounts, qualify them to pull your CR.

If a debt collector has autorized collection authority from a creditor, they have permissible purpose to pull your CR for the purpose of collection on a debt.

They key is whether they have legitimate collection authority.... something a consumer is rarely privy to.  So questioning their permissible purpose is a bit tough.

[adavis425]

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@RobertEG wrote:

The entire purpose of FCRA 604 is to list permissible purposes for which a party does not have to obtain approval from a creditor to receive your credit report.

Your acts, either in intiating a request for credit, insurance, or a business transaction, or their acts in reviewing active accounts, qualify them to pull your CR.

If a debt collector has autorized collection authority from a creditor, they have permissible purpose to pull your CR for the purpose of collection on a debt.

They key is whether they have legitimate collection authority.... something a consumer is rarely privy to.  So questioning their permissible purpose is a bit tough.

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...but I have no collection accounts. I have nothing past due. Nothing's been past due since 2006 and even then it was only a 30 day. Could this be an error?

[RobertEG]

The only way to really pursue it is to get the stated permissible purpose for the inquiry from the CRA.

You cannot pursue this directly with the party who made the inquiry, as direct disputes are not permitted for issues relating to credit inquiries.

You can send the CRA a request under FCRA 609(a)(1) for the stated permissible purpose associated with their inquiry.  Section 609(a) requests require payment of a fee of $11.00 to the CRA.  By the time you get the info you need and use that to lodge a dispute, the 1 yr period that the inquiry affects your score will most likely have expired, so most consumers dont go to the trouble.

Your call.

[adavis425]

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@RobertEG wrote:

The only way to really pursue it is to get the stated permissible purpose for the inquiry from the CRA.

You cannot pursue this directly with the party who made the inquiry, as direct disputes are not permitted for issues relating to credit inquiries.

You can send the CRA a request under FCRA 609(a)(1) for the stated permissible purpose associated with their inquiry.  Section 609(a) requests require payment of a fee of $11.00 to the CRA.  By the time you get the info you need and use that to lodge a dispute, the 1 yr period that the inquiry affects your score will most likely have expired, so most consumers dont go to the trouble.

Your call.

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Thanks RobertEG. This is precisely why I surf these forums nearly everyday-so much valuable info.  Looks like I should just let it go, but I hate that seemingly anyone can access my report(s).

[Anonymous]

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@adavis425 wrote:

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@RobertEG wrote:

The only way to really pursue it is to get the stated permissible purpose for the inquiry from the CRA.

You cannot pursue this directly with the party who made the inquiry, as direct disputes are not permitted for issues relating to credit inquiries.

You can send the CRA a request under FCRA 609(a)(1) for the stated permissible purpose associated with their inquiry.  Section 609(a) requests require payment of a fee of $11.00 to the CRA.  By the time you get the info you need and use that to lodge a dispute, the 1 yr period that the inquiry affects your score will most likely have expired, so most consumers dont go to the trouble.

Your call.

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Thanks RobertEG. This is precisely why I surf these forums nearly everyday-so much valuable info.  Looks like I should just let it go, but I hate that seemingly anyone can access my report(s).

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Based on my personal experience, I actually disagree with Robert on this one.  I recently had 2 potential credit cards deny me with the #1 listed reason being inquiries regarding a collection.  The inquiry in question on my report had the listed purpose of "collection".  I am fighting one such inquiry.  Even after FICO is not scoring it in a year, what is to stop a potential future creditor from denying you for it?  Some creditors would see that inquiry and assume it means you owe somebody money, as these two did with me.  It may only be scored for a year, but it will be there for two. 

[adavis425]

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@Anonymous wrote:

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@adavis425 wrote:

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@RobertEG wrote:

The only way to really pursue it is to get the stated permissible purpose for the inquiry from the CRA.

You cannot pursue this directly with the party who made the inquiry, as direct disputes are not permitted for issues relating to credit inquiries.

You can send the CRA a request under FCRA 609(a)(1) for the stated permissible purpose associated with their inquiry.  Section 609(a) requests require payment of a fee of $11.00 to the CRA.  By the time you get the info you need and use that to lodge a dispute, the 1 yr period that the inquiry affects your score will most likely have expired, so most consumers dont go to the trouble.

Your call.

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Thanks RobertEG. This is precisely why I surf these forums nearly everyday-so much valuable info.  Looks like I should just let it go, but I hate that seemingly anyone can access my report(s).

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Based on my personal experience, I actually disagree with Robert on this one.  I recently had 2 potential credit cards deny me with the #1 listed reason being inquiries regarding a collection.  The inquiry in question on my report had the listed purpose of "collection".  I am fighting one such inquiry.  Even after FICO is not scoring it in a year, what is to stop a potential future creditor from denying you for it?  Some creditors would see that inquiry and assume it means you owe somebody money, as these two did with me.  It may only be scored for a year, but it will be there for two. 

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Really good point, jimbo! I hadn't considered that. Would this be the sort of inq seen by others, or just by me? Might be worth it to delve further.

[Anonymous]

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@adavis425 wrote:

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@Anonymous wrote:

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@adavis425 wrote:

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@RobertEG wrote:

The only way to really pursue it is to get the stated permissible purpose for the inquiry from the CRA.

You cannot pursue this directly with the party who made the inquiry, as direct disputes are not permitted for issues relating to credit inquiries.

You can send the CRA a request under FCRA 609(a)(1) for the stated permissible purpose associated with their inquiry.  Section 609(a) requests require payment of a fee of $11.00 to the CRA.  By the time you get the info you need and use that to lodge a dispute, the 1 yr period that the inquiry affects your score will most likely have expired, so most consumers dont go to the trouble.

Your call.

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Thanks RobertEG. This is precisely why I surf these forums nearly everyday-so much valuable info.  Looks like I should just let it go, but I hate that seemingly anyone can access my report(s).

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Based on my personal experience, I actually disagree with Robert on this one.  I recently had 2 potential credit cards deny me with the #1 listed reason being inquiries regarding a collection.  The inquiry in question on my report had the listed purpose of "collection".  I am fighting one such inquiry.  Even after FICO is not scoring it in a year, what is to stop a potential future creditor from denying you for it?  Some creditors would see that inquiry and assume it means you owe somebody money, as these two did with me.  It may only be scored for a year, but it will be there for two. 

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Really good point, jimbo! I hadn't considered that. Would this be the sort of inq seen by others, or just by me? Might be worth it to delve further.

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As far as it being seen by others, I am assuming it is a hard inquiry because I don't think any CMS can "see" soft inquiries.  If it is a soft, you would only be able to see it with pulls directly from the CRA and it would be listed under "Inquiries only you can see".  If you got it through a third party (like USAA or wherever else) it is a hard inquiry and can be seen by anyone that pulls your credit.

[RobertEG]

I agree, Jimbo.

There are more than just FICO considerations for most credit reporting!  Good point.