Comments on: Is it legal for a collections company to access my credit report? http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/ Free Consumer Legal Resource Fri, 18 May 2012 11:03:17 +0000 http://wordpress.org/?v=2.7 hourly 1 By: echo http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-131 echo Mon, 15 Dec 2008 07:36:14 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-131 When a collection agency is "shopping" for bad debts, they are allowed to access reports as a soft inquiry. When a collection agency purchases the bad debt, they can pull a hard inquiry. What stinks is that if they are really twisted, (if they own the debt) they will pull a hard inq. once a month (or more) Just to put the pressure on the debtor, or, more than likely, just for grins. When a collection agency is “shopping” for bad debts, they are allowed to access reports as a soft inquiry.

When a collection agency purchases the bad debt, they can pull a hard inquiry.

What stinks is that if they are really twisted, (if they own the debt) they will pull a hard inq. once a month (or more) Just to put the pressure on the debtor, or, more than likely, just for grins.

]]> By: Vince M http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-130 Vince M Thu, 11 Dec 2008 21:26:20 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-130 They don't ACCESS the report. They do the reporting. That not only is legal, it's how it works. Thats how credit reports are scored. They don’t ACCESS the report. They do the reporting. That not only is legal, it’s how it works.

Thats how credit reports are scored.

]]> By: indigonipple http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-129 indigonipple Tue, 09 Dec 2008 13:47:53 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-129 They can not access your bureau, but if they file a collection against you, it will show on your bureau which will hurt you. They file it with the bureau company and the bureau company will put it on your credit. They can not access your bureau, but if they file a collection against you, it will show on your bureau which will hurt you. They file it with the bureau company and the bureau company will put it on your credit.

]]> By: *Ginelle* http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-128 *Ginelle* Sun, 07 Dec 2008 19:10:31 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-128 yes. They do that. Its part of their job to remind you of your responsibility. yes. They do that. Its part of their job to remind you of your responsibility.

]]> By: JRPressley http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-127 JRPressley Sat, 06 Dec 2008 12:54:01 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-127 Yes. Whichever account of yours they were collecting for probably had you sign something when you first opened your account with them stating that they could access your credit report. It's standard procedure. Yes. Whichever account of yours they were collecting for probably had you sign something when you first opened your account with them stating that they could access your credit report. It’s standard procedure.

]]> By: RAY http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-126 RAY Fri, 05 Dec 2008 18:14:04 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-126 That doesn't sound like a legitimate tactic for getting you to call them. I would not reply. To answer your question, collection agencies CAN legally access your credit report if its for business purposes. That process of sending you a letter threatening your credit score doesn't sound right to me. Check out the company and make sure they are legitimate. That doesn’t sound like a legitimate tactic for getting you to call them. I would not reply. To answer your question, collection agencies CAN legally access your credit report if its for business purposes. That process of sending you a letter threatening your credit score doesn’t sound right to me. Check out the company and make sure they are legitimate.

]]> By: nick http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-125 nick Wed, 03 Dec 2008 18:48:57 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-125 Off Course, but you still have rights.Start by seeking Protection Off Course, but you still have rights.Start by seeking Protection

]]> By: Erica http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/comment-page-1/#comment-124 Erica Tue, 02 Dec 2008 03:46:54 +0000 http://legalprodirectory.com/is-it-legal-for-a-collections-company-to-access-my-credit-report/79/#comment-124 If you have a collections company on you in the first place it will hurt your credit, if you are struggling with debt you may want to find a reputable company to represent you and offer you counseling on how to deal with collections companies. If you have a collections company on you in the first place it will hurt your credit, if you are struggling with debt you may want to find a reputable company to represent you and offer you counseling on how to deal with collections companies.

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