Hello, one of my existing purveyors recently pulled a hard inquiry on my Experian file after doing business with them for over 3 years. I had asked the sales rep to remove the inquiry but I was told by the credit manager that I requested better terms and this is a paragraph in my original application dated August 31, 2006 that allows them to do so: "THE UNDERSIGNED IS EXECUTING THIS APPLICATION... INDIVIDUALLY FOR THE LIMITED PURPOSE OF AUTHORIZING SELLERS TO OBTAIN FROM TIME TO TIME A NON-BUSINESS CONSUMER CREDIT REPORT ON THE INDIVIDUAL UNDERSIGNED, IN ORDER TO FURTHER EVALUATE THE CREDITWORTHINESS OF SUCH INDIVIDUAL AS PRINCIPAL, PROPRIETOR AND/OR GUARANTOR IN CONNECTION WITH THE EXTENSION OF BUSINESS CREDIT. THE UNDERSIGNED, AS AN INDIVIDUAL, HEREBY KNOWINGLY CONSENTS IN THE USE OF SUCH REPORT CONSISTENT WITH THE FEDERAL FAIR CREDIT REPORTING ACT." I was told that I requested better terms through the sales rep but all that I asked was what were their procedures regarding increasing credit terms. I am currently paying 7 days with a credit card. Also, I have never missed a payment in the entire time my account was open. Normally, I wouldn't care but they should of asked. If they have the right "from time to time" to pull my credit report shouldn't it have been a "soft inquiry"? Any help on this matter would be greatly appreciated. Iv
IVAN, I would send them an Inquiry deletion letter (examples can be found on this board or google it) explaining what you did/said to their Rep and mention that you did not ask for better terms or an increase of credit. send it CRRR. As far as the statement in the contract they do have a right to pull your report as to whether or not that should be a hard or soft pull can be argued (remember always ask the company whether it would be a hard or soft pull before requesting increases, etc) . If they see that you are serious about getting them to remove the inquiry they may fold and remove it. P.S. If they push back tell them to send you a signed copy of the contract.(don't mention you have one) That ought to get their attention BE CAREFUL WITH THIS, CREDITORS ARE CLOSING LOTS OF ACCTS AND CUTTING CREDIT LINES RIGHT NOW. SO PLEASE WEIGHT THE PROS AND THE CONS OF PUSHING THE ISSUE "TOO FAR"
