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I would like to take a look at my credit report but I am worried that my debt collectors are going to respond to it (i.e. sue me before the SOL has expired on my debts). Is this a reasonable concern??
When I moved into my apartment, I had a credit check, and before long all my collectors were calling the apartment management and my neighbors. I have assumed that the credit check is what drew attention...
Are collectors able to look at my credit report whenever they want? I remember having a collector tell me what other debts he could see on my credit report- it made it sound to me as if they can take a look at it without it appearing as an official inquiry.
Thanks for any help!
To the best of my knowledge, personal inquiries do not show on the credit report that creditors obtain.
Collectors are generally permitted to look at your report, and it should not show up as a hard inquiry.
alot of them will sit idolly by and wait for you to apply for a loan or credit card, they get your updated information then. I have a sister who has not applied for anything in four years for fear that the phone calls will start up again. She can't afford to pay them and doesn't want the stress of the phone calls.
Both Transunion and Experian (my company doesn't use Equifax...) have this feature called a "Watch". If a company sets a Watch on you (like a CA), then any time somebody pulls your credit, the bureau will send a fax to whoever set the Watch giving them information on who just pulled your credit.
So in your case the CA probably set a Watch on you, and then when your landlord checked your credit, the bureaus alerted the CA of that inquiry.
These Watches are only triggered by hard inquiries. You looking at your own credit is a soft inquiry and would not set off any alarms.
But to answer your other question, collection is a permissible purpose to pull one's credit, whether you give permission or not. As long as you owe a debt, they can check your credit so long as it doesn't constitute harassment (ie pulling it every day).
As an underwriter, when I look at people's credit, I have always seen collection agencies inquiries show up hard. (Granted, the credit reports I look a don't show a person's soft inquiries). But CA's subcodes always start with a "Y" so I know they are collection. It's a good indicator that someone owes money, even if the CA isn't actually reporting the account as a collection item.
CreditGrantor, thank you for the information, always good to have someone on the forum who works the industry and can give real life answers, I hope you will stick around, you will be a wonderful asset to this forum. Again, thank you for being here.
CreditGrantor has always been so resourceful with the answers. I am always grateful to him the way I have received answers from him.
Usually, if you request a credit report, they ask you for your current address information. This information you give will be used to update your records and will become available to your creditors.
Hi Taylor,
How do I change my address? Can i dispute my address?
hard inquiries
I am thinking of finding a new place to live. I have worked hard to bring up my credit scores and I am worried that when a prospective landlord checks my credit that it will leave a hard inquiry on my credit and bring my hard earned credit score down. Do you know if landlords count as a hard inquiry or a soft inquiry or none at all?
Yes, it is true that sometimes landlords check your credit report before offering you a home on rent and once he pulls out your credit report, it is considered a hard inquiry which may affect your credit score. Under the Fair Credit Reporting Act, the landlord has the right to pull out your credit report either to judge the credibility of a new tenant or to review the credit of an existing one in order to renew an agreement. I would suggest you to ask your landlord whether he would agree, if you pull out your credit report and submit it with the landlord. This is because if you pull out your report, it is considered a soft inquiry and will not affect your score.
Their initial contact with you can be by phone, pulling your credit report, adding anything to your credit report, or by letter. They must have a written demand letter in your hands within 5 days after their initial contact with you. Don't send any letters informing them of anything especially anything that informs them that you know anything about your rights or the law. You don't want them to cease calling you. You want them to call you. If they don't call you then how are you going to get any violations to use against them? And no, you should not be paying two different companies for the same debt. In fact, once they turned it over to a debt collector you should not pay either one of them anything. Pay them and they will go away and leave you alone and that's not what you should be wanting them to do. You should be wanting them to contact you any way they want to so you can get some violations against them. That is the only way to put a stop to the whole problem. Sue them in federal court and make them pay you for violating your rights. Make them pay you to go away and leave them alone instead of the other way around.
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hnZnV7 Really enjoyed this post.Really looking forward to read more. Much obliged.