Two hard pulls I know nothing about...

[KeepSwimming]

Hey gang,

On my TU report, there are two separate pulls from Student Assistance Corp. I was late with my Sallie Mae payments last year, so I'm guessing it's tied to that somehow, but I never authorized these. (Maybe I don't have to - I don't know if there's a separate set of rules for anything related to student loans.) There's a pull from 8/28/2008 and then 3/27/2009. Not a clue what that's all about.

Any ideas? Can I dispute them?

[Anonymous]

There is a lot of controversy over hard pulls.  It is my opinion that as long as you have entered into a business relationship with a creditor, they have every right to do a hard pull.  If you have a student loan with them, then I say they do.

My other, "In my opinion" on the matter is they could have just as easily have done a soft.  The same information is given to them.

[KeepSwimming]

Hi guiness!

I totally agree - where this gets fuzzy for me is that my student loans are with Sallie Mae, not with "Student Assistance Corp." I do have a separate, soft inquiry from Sallie Mae, so I wonder who these guys are.

[Anonymous]

They seem to be a collection agency.  Not 100% sure.

[MarineVietVet]

Sallie Mae is the parent company of this corporation. I found this from the SAC website:

Student Assistance Corporation (SAC) is a national leader in providing default prevention services for student loan guarantors. For more than 20 years, SAC has been helping the nation's leading student loan guarantors avert millions of dollars in student loan defaults.

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

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[KeepSwimming]

Well, poo. Thanks MarineVet, sweet of you to look that up!

[MarineVietVet]

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@KeepSwimming wrote:

Well, poo. Thanks MarineVet, sweet of you to look that up!

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A sweet Marine???? Say it ain't so!!!!  

[KeepSwimming]

Once upon a time I dated a Marine who was probably one of the nicest guys I've ever met - so there!

[RobertEG]

I agree with Guiness.

As long as you have an existing business relationship with a creditor, they have the right under FCRA 604((a)(3)(A) to pull your credit report.

If you have a busniess transaction with the person requesting access, whether or not it is related to a credit transaction, they also have the right, under FCRA 604(a)(3)(F), to pull your credit report.

The only remaining contest against a creditor pulling your CR is an assertion that it was not related to a business transaction initiated by the consumer if it is at some time later, such as an accoun t or collection review.

FCRA 603(m) states that access to an account for credtior or debt collector review does not exlude it as a permissible pull.

I aso agree with Guiness in that the hard pul was probably harsh.

Coding of credit inquries is not regulated by the FCRA.  They could have done a soft pull.  But basis for complaint does not come from the FCRA.

I must come from a telephone call to them.