ca inquiry

[agn140]

if a ca does an inquiry and lists the reason for the inquiry as collection doesn't this have the same effect as a collection listing to anyone that might lookm at your credit report.

ca did the inquiry before they recv my dv.

[DocDon]

Aparently FICO now takes into account collection inquiries, so yes, it does impact your credit negatively.

It is legal for them to do as long as they have PP.

[agn140]

sorry, being fairly new to this I don't know all the abbrev. What does PP stand for

Thanks

[DocDon]

PP=Permissible Purpose

Here's a link to abbreviations commonly used on this site:

http://debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=3916

[Diamond in the Rough]

If the CA know that it has negative impact on you cr, can they continue pulling as they know that each time they pull is a hard inquiry?

[DocDon]

If the CA know that it has negative impact on you cr, can they continue pulling as they know that each time they pull is a hard inquiry?

Here's the deal...

They can pull with PP if it relates to the collection of a debt as indicated by the FCRA.

The question is... what info are they looking for, and how often do they have to pull your report to find... what?

At 3-5 points for each hard inquiry, I would argue their intent is not to obtain information (something that was easily obtained the first time they pulled), and is now an attempt to coerce you pay (in so many words) by continually having a negative impact on your credit picture every time they pull. It's a fine line, but one that I personally would argue very strongly against.

[LadynRed]

Constantly pulling your credit knowing full well it impacts your scores is called poisoning and you can nail them for it. Its pretty hard for them to hide the evidence of multiple hard inquiries for the sole purpose of poisoning your file.