| Author |
Message |
|
Options 
Bookmark online
|
Doc
Joined: 02 Dec 2008
Doc's page
Posts: 184
Location: McKinney, TX
1127 Magic Points
|
|
Subject: Little known fact
|
|
|
Wed Dec 30, 2009 2:31 am
|
|
|
Did you know that credit bureaus take the same addresses and contact information you submit on credit applications, and sell it to collection agencies for a fee..?
That's why you will very often see a surge in collection calls and letters immediately following an application for credit..!
Ever noticed that alot of the collection letters you get after such an application often contain text in the order of:
"You may have been (or will be) denied credit because of items on your credit report." ?????
THAT'S WHY!!!!!
_________________
-Doc Compton, Omega Credit Repair
I provide info for free, & all I ask is that you visit my site... I don't wanna sell you anything, I just wanna increase my traffic, and push my site up in the search engine rankings...
http://www.omegacreditrepair.com |
|
|
debranewell2008
Joined: 10 Oct 2009
debranewell2008's page
Posts: 594
99 Magic Points
|
|
|
|
|
Wed Dec 30, 2009 2:53 am
|
|
|
| Wow I had no idea thanks for the info. I guess if I'm ever in that situation again and hope not. I will tell them when they call she moved and give them one of the credit agencies numbers to call. |
|
|
fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4285
127 Magic Points
|
|
|
|
|
Wed Dec 30, 2009 5:15 pm
|
|
|
| Wow DOC, I am thinking back and you are right (as usual). I have usually received collection letters after being approved or applying for credit. How is this fair that the credit bureaus can do this? I have heard thing s like collectors putting "ticklers" on your report and as soon as something came up, any activity on your report, then they were notified. I never knew it was the bureaus themselves that did this. I myself can not wait until all my debts (two) are so old no one will bother me again. One has fallen off and one about ready two..and oh yeah..the one I have no idea about..that makes three. |
|
|
goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
|
|
|
|
|
Wed Dec 30, 2009 9:13 pm
|
|
|
Is there anyway that you can stop this? Isn't this a violation of ones privacy? Has anyone tried filing a complaint on this practice or filing a lawsuit against the credit reporting agencies for violation of privacy.
Think about it, your doctor can't discuss your condition with your spouse with out your consent. Your employer can only state how long you work there. How the heck can a credit reporting agency legally give your information away for a fee? |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
|
|
Subject: credit
|
|
|
Fri Jan 01, 2010 12:05 pm
|
|
|
| I was thinking the same thing, GN. Our information is being sold without our permission......that's pretty scary!! |
|
|
fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4285
127 Magic Points
|
|
|
|
|
Sat Jan 02, 2010 6:15 pm
|
|
|
| I totally agree. It is not like a person can just chose not to be part of the credit bureaus. If you have any type of credit it AUTOMATICALLY gets reported to the three bureaus. This is informaiton we can not stop. How is it fair they can then turn around and use it against us or profit by selling it off. |
|
|
goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
|
|
|
|
|
Sun Jan 03, 2010 4:25 am
|
|
|
I don't think that they should be allowed to release your information with out your permission.
If you think about it, I remember a time when I used to get all types of credit card offers in the mail, they were targeting people with a certain score, they would get this information from the credit reporting agency and then do a mass mail of offers out to everyone on that list.
Bunch of crap, should have not been able to violate anyones privacy like that. |
|
|
sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
|
|
Subject: credit
|
|
|
Sun Jan 03, 2010 10:33 pm
|
|
|
| There is no one we can contact about this? State Rep, etc? GN...you said something I didn't know. ..that companies 'target' people with certain credit scores. |
|
|
