I got a copy of my TU report on 2/13/04 and noticed an inquiry from a CA with the reason being "collection". I read the link *** Victims of Credit Reporting *** http://members.aol.com/victcrdrpt/Score.html on the section of inquiries. This CA did exactly what they are talking about. They had an acct for me that was charged off on 01-00, but originally dated 07-95. This acct was not on any of the three reports I ran on 2/13/04, but was on a three file merged ran on 01/29/04. Is it legal for them to run my credit any time they want even if I don't authorize it? Also, what kind of letter should I write them, if any? As always, your help is appriciated. Thanks.
Even if the original debt is from 1995, and was charged off on 01-2000. They can still run my credit without my permission?
Yes 8oo. Your 7 year reporting period is measured from the date of most recent delinquency which immediately precedent the negative action. If it were charged off in 1/2000, chances are it went into default about 4-6 months before that. So your 7 years will be started about 4-6 months prior to 1/2000. The age of an account is not relevant. It's whenever the [first] negative action occured, in your case a charge off. Think about a Mortgage. Hell those are 30 year accounts. In Germany, 50 years. Now an inq. does assume there is a collection account. If the account is legit., yes they have authority to pull, (but NOT contaminate your report with multiple pulls). If they fail to prove the debts legitimacy then they must remove ALL CR activity. See? .
If this TL is not on any of the 3 reports, I'd leave it alone 800. It may be on PG but creditors don't use PG. They go to one or more of the CRA's. Sometimes we just let sleeping dogs ... ahem ... sleep. lol
thanks a lot. I appreciate it. It showed up on a three file merged from credco on 1/29/04, but not on any of the three bureaus when i pulled individual reports on 2/13/04.
