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scrib27
Joined: 07 Apr 2007
scrib27's page
Posts: 2
149 Magic Points
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Subject: can a collection agency look at my credit report
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Sun Apr 08, 2007 4:35 am
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| I have been trying to clean up my credit. So I have got copies of all three of my credit reports. On my Transunion report it shows that NCO Financial requested a copy of my report it says that it will stay on my report for 2 years. I know that it does not affect my score that much but are they even allowed to get a copy of my report? I have not signed anything allowing them to. They have sent me a letter and been calling me about a 7 year old account lately. what should I do? |
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stanley
Moderator
Joined: 23 Feb 2007
stanley's page
Posts: 54
3357 Magic Points
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Tue Apr 10, 2007 9:44 am
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Collection Agencies may pull your credit report, sometimes you agree to this while obtaining the credit from the original creditor.
Which state are you from? Check if the account is within SOL or not? If it has crossed the SOL span, no one can force you legally to pay it; it's your decision whether to pay it or not.
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Stan
BTW, I am not a lawyer, I am here to share what Life has taught me. |
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nick
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Subject: response
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Fri Jun 08, 2007 7:19 pm
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| Most agencies run a credit score on each consumer which reflects as an inquiry on your credit report. |
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Like to Know
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Fri Jun 29, 2007 10:25 am
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| SO in that case it does not hurt our credit report i guess? Nick does my score fall by some points? |
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Morningstar
Joined: 17 Apr 2007
Morningstar's page
Posts: 576
11 Magic Points
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Fri Jun 29, 2007 9:13 pm
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If it posts as a hard inquiry, then it will cost you 2-4 points per inquiry.
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I don't dream since I quit sleeping |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883
1887 Magic Points
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Subject: CA
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Wed Aug 22, 2007 3:33 pm
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| In my experience, a CA CAN 'add', an account to your report, but, I don't know if they can actually look at it. They DO 'update' things every month. If you get your credit reports, and look at the right OR right below the account, it will tell you a 'drop-off' date. This date is when the account will ACTUALLY come off your credit. Is the account paid or not paid yet?? |
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Morningstar
Joined: 17 Apr 2007
Morningstar's page
Posts: 576
11 Magic Points
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Wed Aug 22, 2007 3:37 pm
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Many contracts you sign with a creditor expressly permit not only the creditor to view your CR, but also CAs.
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I don't dream since I quit sleeping |
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Laura
Joined: 21 Jun 2007
Laura's page
Posts: 1327
35604 Magic Points
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Fri Aug 24, 2007 6:05 am
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Its always commendable to read the contracts throughly. People hardly do that or fail to understand. Be careful.
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Regards,
Laura. |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883
1887 Magic Points
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Subject: Collection agencies
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Fri Aug 24, 2007 11:17 am
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| I do have to admit, too many people ( as myself) want to 'scam' through contracts and don't want to read them all the way through. SOOO important to do that!! |
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