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unauthorized inquiries by car dealership

HouseHunter
Frequent Contributor

Re: Supposedly, FICO scoring takes into account when one is c...

I have an old hard pull from a collection agency on my credit report that clearly states "for collection purposes" to the side.  They do hard pulls too and I vaguely remember reading on another board that this may be legal.  As if they don't try to destroy people enough as it is by selling the account over and over and can legally report the same debt everytime it changes hands resulting in the appearance of multiple collections when there's only one TRUE delinquency.  Then they can burn you up with inquiries if they so choose.  Talk about kicking someone when they're down....
 
This whole system seems a bit unfair in certain aspects and, IMHO, needs some major overhaul.
Message 11 of 15
Irvin
Established Contributor

Re: Supposedly, FICO scoring takes into account when one is c...

No, I know its not the inquiries that are lowering my score. But they DID lower my scores when they first appeared there. Last one i got was a year ago. But my question was whether i would be able to get those removed since I did not even know about the inquiries.
 
Message 12 of 15
jackg
Established Contributor

Re: unauthorized inquiries by car dealership

I experienced the same circumstances. I resolved it by writing to the oc and explaining they did not have permissable purpose. They rescinded the inquiry.
FICO scores on November 17, 2014 (prior to applying for and being approved my mortgage)

EX=738
EQ=735
TU=754

FICO scores on March 4, 2015 after being approved for mortgage and buying the home, the mortgage isn't yet reporting.
EX- 689 EQ- 739 TU- 739
Message 13 of 15
Tuscani
Moderator Emeritus

Re: unauthorized inquiries by car dealership

I just want to add a few things...
 
1) The EQ trick for disputing does not work if you file is managed by CSC
 
2) Be VERY careful HOW you are disputing INQs (aka.. saying NOT MINE). You do not want a fraud alert on your file if you can help it.  
 
3) It is my understanding that Inqs older than 12 months are no longer calcuted in your score (with the previous 6 months holding the most weight).
 
 
Message 14 of 15
Noah_Bodie
Senior Contributor

Re: unauthorized inquiries by car dealership

If one lives in a CSC state, then one can dispute and delete INQs in the same manner.
 
Fraud alert, schmaud alert. Got one on my account. Hasn't caused me any problems, other than not being able to get the wife signed up for a MyFico free trial. But once you've got a MyFico Scorewatch subscription, fraud alert won't hurt you. Besides, it drops in 90 days and you can write and get it removed.
 
Heard mixed things about INQs older than 12 months. Certainly carry less weight, but not entirely weightless.
Message 15 of 15
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