Hello All! I read about PP here all the time, but am confused as to whether soft inquiries count? In checking DH's and my Experian report today, we BOTH recieved a soft inquiry from Orchard Bank Card a few days ago (on the same day!) and neither of us have ever had an Orchard account, and have both opted out. Violation? Or is soft okay? Thank you! NuB
When you say soft, is the inquiry listed as PRM (a promotional inquiry) or as an AR (account review) ? If the former, regardless of whether you opted out, you have no case. If the latter, regardless of it not hurting your scores, you have a violation, and they owe you $1000. Non-permissible purpose is a strict liability violation. That is, you do not need to have damages in order to collect. If a burglar enters your house without permission, but did not steal anything and left, would you say you have no case ? Same here.
Re: Re: Do you need PP to pull a soft? This is our Experian reports, and under "Requests viewed only by you" it does not say whether it is PRM, AR, ID etc. And, if it were promotional, and we opted out, why wouldn't we have a case? Thank you lakpr! NuB
Re: Re: Re: Do you need PP to pull a soft? That sounds suspiciously like a full account review, and I bet that they got your full report. Opting out is no guarantee that your name would be taken off all marketing lists, and you cannot claim that you have been damaged by someone selling your name and address. They'd argue that it's a one-off exception, considering that opting out worked for a whole lot of other people .... Only if there is a repeated pattern of people opting out but seeing their personal info being sold, can there be a case on that basis. And thus, it's more a case for FTC rather than you the consumer ... Your payment histories and your other account information that constitutes the credit report, on the other hand, are quite another matter ... they are your private information. Those are my opinions, anyway
Re: Re: Re: Do you need PP to pull Promotional soft inquiries work like this - supposed you're a sub-prime bank and you want to offer a credit card to people with bankruptcies and their score is above 550. You run a promotional inquiry with a CRA and they give you a list of all the people that meet your criteria. They don't know much about you besides your mailing list info, but they do know you fit their criteria. An account reivew (AR) implies you have an existing account and they are reviewing it. Big difference. You can block promotional pulls by simply telling each CRA that's what you want. I did when I first found out about it, but later decided to allow promo pulls. It's an extra soft inquiry and I can see what banks are looking at me.
Re: Re: Re: Do you need PP to pull on the nature of the inquiry - call Experian and ask them. If you get a printed report, it will give you more details.
Re: Re: Re: Re: Do you need PP to p In terms of hurting your FICO, no, it doesn't matter. In terms of letting someone have your credit info who is not legally permitted to do so, yes, it does matter. I've got two ARs pulled by companies that don't appear to exist. I've got nobody to sue, but I'm pissed that the CRAs are selling my info to non-existent companies.
Re: Re: Re: Re: Do you need PP to pull a soft? What is strange is that Orchard pulled both my husbands and my reports on the same day. I don't know if maybe they pull all the "b's" one day and "c's" the next, or if we were singled out for some reason. But, like I said, neither one of us has ever had an account with them. Thanks for the input! NuB
Read more about the inquiries here - http://demospace.net/vgcredit/reference.asp?curid=INQ ... Also, pursuant to Section 609(a)(3) you may request an additional information about the inquiries. If it was an Account Monitoring [AM] or Account Review [AR] and you have no account with them, then it's definitely a violation.
