Re: Sears Gold Mastercard/Citibank
FOOLS PATRIOT ACT IS THE SCAPE-GOAT
Originally posted by matty61184
Here is something that I need some advice on. I recently requested a new Sears Gold Mastercard credit card to be sent out because my old card was worn out (I've had the account since 2002). I requested a new card to be sent out on April 21. Low and behold, I checked my credit reports and found two inquiries from Citibank/Sears on April 22, 1 on Equifax and 1 on TransUnion. I just called their customer service and spoke with an account manager that told me it was the law that anytime a new card is requested, they must pull a credit report to make sure there is on fraud involved with this. So now, I have a hard inquiry on each report dinging my score. Is this even legal? I know the agreement states a creditor you do business with can pull a report at anytime for most any reason, but does that only mean soft inquiries? Further, wouldn't I be able to bring suit for degrading my credit score and hampering my ability to apply for other credit? Advice is much appreciated!
You are an "EXISTING" customer they have PP...BUT THE FOOLS PATRIOT ACT does not require them to pull a HARD or TWO
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