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ebne
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Subject: How to remove unauthorized hard inquiries?
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Mon Jun 29, 2009 10:52 am
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I cosigned for a credit card for my friend from a XYZ company. He stopped paying and now I have noticed that the credit card company has pulled my reports twice in the last 2 months. Both listed under hard inquiries. I just wanted to ask the community if they are allowed to do so.
Thanks in advance for your help. |
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rachael
Joined: 11 May 2009
rachael's page
Posts: 234
6581 Magic Points
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Mon Jun 29, 2009 11:11 am
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Hi ebne,
You cannot stop a creditor from pulling your credit report, if he has a permissible purpose. "Permissible purposes" are some specific situations, (defined under the FCRA rules) when a creditor can pull your report, without your prior permission. In your case, as you cosigned for your friend's credit card and he stopped making payments, the card issuer pulled your report to review your records.
In fact, by cosigning for the credit card, you are legally responsible to make repayments for the outstanding debt. So you should not be surprised, if the card company contacts you to pay off the debts incurred by your friend.
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Looking forward to a debt-free life. |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 446
10878 Magic Points
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Mon Jun 29, 2009 11:16 am
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Hi ebne,
Generally, a hard inquiry remains on your report for 2 years. To remove the hard inquiry before 2 years, you can send the credit card company a "Letter for Removal of Hard Inquiry".
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SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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Michael Lach
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Subject: removing inquiries off credit report
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Sun Sep 20, 2009 6:34 pm
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| I have used removemycreditinquiries.org before. They are a legit non-profit that helped me remove my inquiries fast and for only $15. |
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Cassandra
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Subject: Remove inquiries
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Sun Sep 27, 2009 12:26 am
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| removemycreditinquiries.org is a inquiry and late removal site that charges only $15 to remove each item. Not bad. |
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Ang
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Subject: MICHAEL LACH IS A CON ARTIST
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Mon Feb 15, 2010 5:36 pm
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| He is behind removemycreditinquiries.org and took $150 from me!! did not remove a single inquiry! KEEP AWAY FROM REMOVEMYCREDITINQUIRIES.ORG!!! |
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cinnamngrl
Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1455
6339 Magic Points
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Tue Feb 16, 2010 11:23 am
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ebne, since you cosigned there is a permissible purpose to pull your report. that means that you probably cannot remove them or stop them from pulling again.
Look, inquiries do effect your credit but it is ridiculous to pay anyone money to remove them. it is normal for your existing creditors to pull your credit. when a lot of non existing creditors pull your credit it looks like you are applying for credit and getting turned down which is negative
_________________
CMRRR Templates
How to PFD, OPT-out, Complain, etc
All credit articles at EHOW |
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Loradae
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Subject: FWvyOKlhGLvENDo
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Tue Aug 30, 2011 6:46 am
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| You're a real deep thniekr. Thanks for sharing. |
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