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@GApeachy wrote:
@MakingProgress wrote:
@GApeachy wrote:
@MakingProgress wrote:EX, EQ and TU do not have a list of collections accounts that are not listed on your CR. They only have the info that has been reported to them, and they provide that information to all different types of creditors who have a legal reason to recieve that information
So, if the collection(s) is not on your report, how is it that an "unknown" creditor has privey to your reports? Is it because they pay for a service?
Just because they ceditor has not reported your collection account to the CRA does not mean they can't get your information. By them owning the debt they have a legally permissable reason to have access to your credit reports and the information on them. So they can either soft pull your entire report to suscribe to a trigger report.
Yeah, so if a creditor owns your debt, you should be made to know about this debt, about this creditor or they should have no rights to your reports. We should have rights to know who we owe. We should have rights to know who we owe....always. There should not be secretiveness, we should know who we owe. So the CB's may not be aware of who you owe? but they will give our reports to a creditor(just any creditor not listing your debt)? So again, we should be informed. My goodness, we should know who we owe and who it is to. It's like the CB's and creditors have a pay for pay relationship of some sorts.....idk, guessing here but, if it's not on your report more than likely you are unaware of this debt but yet someone has access to your reports and are working it.
I agree that if a debt is sold, you should be made aware of it such as receiving a letter from the seller. I'm gonna page @RobertEG because I'm curious of the laws regarding notifying a person.
@GApeachy wrote:
@MakingProgress wrote:
@GApeachy wrote:
@MakingProgress wrote:EX, EQ and TU do not have a list of collections accounts that are not listed on your CR. They only have the info that has been reported to them, and they provide that information to all different types of creditors who have a legal reason to recieve that information
So, if the collection(s) is not on your report, how is it that an "unknown" creditor has privey to your reports? Is it because they pay for a service?
Just because they ceditor has not reported your collection account to the CRA does not mean they can't get your information. By them owning the debt they have a legally permissable reason to have access to your credit reports and the information on them. So they can either soft pull your entire report to suscribe to a trigger report.
Yeah, so if a creditor owns your debt, you should be made to know about this debt, about this creditor or they should have no rights to your reports. We should have rights to know who we owe. We should have rights to know who we owe....always. There should not be secretiveness, we should know who we owe. So the CB's may not be aware of who you owe? but they will give our reports to a creditor(just any creditor not listing your debt)? So again, we should be informed. My goodness, we should know who we owe and who it is to. It's like the CB's and creditors have a pay for pay relationship of some sorts.....idk, guessing here but, if it's not on your report more than likely you are unaware of this debt but yet someone has access to your reports and are working it.
Ethically I agree 100% legally is a whole nother ball of wax.
While I do not like the idea of trigger reports the reality is that they will happen as a service because of this thing called money. What really grinds my gears though is when the collections agency fails to issue a proper letter and then expects to be paid. If they try to do a collections like that at me then I will intentionally go ahead and send a letter for proof of having the right to collect.
@Anonymous wrote:
I feel the opposite. While I know it’s completely legal, I do t think jets ethical.
My case was having debts I did t know existed come up.
As several have mentioned, we should be aware any time a debt changes hands.
From my seat, "ethics" is a word in the dictionary and it ends there! As to credit being a game? Pinball comes to mind
@Anonymous wrote:
@Anonymous wrote:
I feel the opposite. While I know it’s completely legal, I do t think jets ethical.
My case was having debts I did t know existed come up.
As several have mentioned, we should be aware any time a debt changes hands.From my seat, "ethics" is a word in the dictionary and it ends there! As to credit being a game? Pinball comes to mind
More like Marco Polo....we pay for our reports, they pay for our reports. Somebody is ducking under water.