muneca2

Removal of inquiries...

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Hi,

I just received my credit report with a lot of inquiries...

I have some that say "permissible purpose" another ones that says: "are not seen by anyone but you"=maybe true, I don't know= :roll:

I am ready to prepare my "removal of inquiries" letters, but I don't know which group I have to use?

Would you mind to help me out with this one? :? Now, if you by any chance are going to ask me, which one I authorize? the answer is none.

Thanks,

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"are not seen by anyone but you" are inquiries made by you to view your own report, creditors you already do business with doing an account review, or limited information given to the CRA's marketing partners for offers of credit. They do not count against your score and are not seen by anyone but you.

They are called "soft" inquiries. The others (inquiries made when you apply for credit or some services) are called "hard" inquiries. They reduce your FICO score by 3-5 points each.

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Hi,

I just received my credit report with a lot of inquiries...

I have some that say "permissible purpose" another ones that says: "are not seen by anyone but you"=maybe true, I don't know= :roll:

I am ready to prepare my "removal of inquiries" letters, but I don't know which group I have to use?

Would you mind to help me out with this one? :? Now, if you by any chance are going to ask me, which one I authorize? the answer is none.

Thanks,

My guess is that you are looking at a TU report.

Notice that Experian inquiries describe "requests" and not necessarily "procurements."

Experian circulates a form letter that says "By federal law, your personal credit report must list all who have requested your information."

This is false.

The FTC prescribed Summary of Rights describes "a list of everyone that has requested it" under the subject heading "You can find out what is in your file."

Draw your own conclusions.

.

Section 609(a)(3)

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From above, compare the following FTC links:

(This is false.)

At your request, a CRA must give you the information in your file, and a list of everyone who has requested it recently.

http://www.ftc.gov/os/statutes/2summary.htm

VERSUS

(This is an accurate statement.)

You have the right to know the name of anyone who received your credit report in the last year for most purposes or in the last two years for employment purposes.

http://www.ftc.gov/bcp/conline/pubs/credit/crdright.htm

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....and I know that is not what you were asking, lol.

Nodding to Don's post and adding the following:

Read about "firm offers" under Section 604© http://www.ftc.gov/os/statutes/fcra.htm#604

You can "opt out" and if you do, persons are not pemitted to obtain your _____ (is the word "consumer report"?) in order to make a firm offer.

Therefore, if you are opted out, each person named on your CR, whether soft inquiry or hard inquiry, should have a permissible purpose.

To opt out, 888-5-OPT OUT

Do some searching on the site for tips about assuring that you are opted out.

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You are right...that was my TU CR...now I am going to do some searching and check all the links...and I will find out if I am opted out or not....

I will check twice before I do anything.... :wink:

Thanks for the advice,

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muneca, different CRAs delete inquiries for different reasons. I don't want to give you a false answer.

A CRA is only required to disclose inquiries to the consumer according to the text of the FCRA.

Depending on the caption above the list of inquiries, an argument could be made for a 611 dispute. For example, I believe that TU and EX (and maybe EQ) assert that each inquiry is "permissible." If an inquiry is impermissible, then 607(B) might apply to a hard inquiry.

Experian is the real DOG of the bunch: "By Federal law, your personal credit report must list all taht have requested your credit history."

A recent letter from Experian concedes the following:

"(Subscriber XYZ) did not receive a copy of your personal credit report. Therefore, the inquries are not required to display on your personal credit report for any specified period of time."

In fact, the identity of a person that requests a consumer report, but does not "procure" a "consumer report" does not have to be disclosed in my "file" pursuant to Section 609(a)(3).

If you fill in the gaps w/regard to "Subscriber XYZ" (that lacked a PP), then I trust you will recognize why Experian's misrepresentation is purposeful. Roughly every single word that this CRA says is a purposeful misrepresentation.

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From above, compare the following FTC links:

(This is false.)

At your request, a CRA must give you the information in your file, and a list of everyone who has requested it recently.

http://www.ftc.gov/os/statutes/2summary.htm

VERSUS

(This is an accurate statement.)

You have the right to know the name of anyone who received your credit report in the last year for most purposes or in the last two years for employment purposes.

http://www.ftc.gov/bcp/conline/pubs/credit/crdright.htm

Actually, the second statement should read "consumer report" (and not "credit report").

I frequently send letters to the FTC.

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