I have found at about 85 inquiries one starts to experience bumpage on TU. I have lost 3 hards so far this way including on collection inquiry. What I have done is pull my TU report at least once per day for free. I use the "denied credit" reason. They will actually let you pull many times per day. So far it doesn't seem to be an exact science on exactly what it chooses to delete. The only deletions I can track so far though are hards. TU also has a "batched" system. So unlike EQ or EX you won't see the results in real time. In fact it may be up to four days before you see a deletion. I've been tracking this for about two weeks and am still observing the behaviour. Has anyone else had similar experience that can confirm my results?
As I think about it I think we should all shut up about this subject. I know for a fact a high up at TU reads this forum and does stuff accordingly. This is not a knock on you as I have been just as guilty but I say let this thread run off this page and get buried.
This board is indeed regularly monitored by Don Richman et al from TU, which is exactly the reason why we should openly and repeatedly demostrate that we're not afraid of them, and that no official on unofficial censorship will stop us. We will keep discussing and debating each and every credit-related issue until it is exhausted. Saar
I agree. Let them monitor active consumers. Hopefully they will change some of their anti-consumer behavior. In fact, I think we would all benifit if the CRA's would contribute and participate in this forum.
I agree let them see some things but let me say this much. Don richman believes that all inquiries are a statement of fact. Never mind if the same cc company pulls your report 7 times in 2 days. IT must be fact. He and anyone else refuses to even investigate them. He has been quite helpful on other matters but even emailed me and told me to stop bugging the staff on inquiries(snicker) so they must be watching my report. However, the FCRA states they must investigate all information on a credit report. I am not sure how they can justify investigating address, tradelines,work,ect and everything else EXCEPT inquiries. That is ludicrous. They are just opening themselves up to a world of hurt as the FCRA is clear as a bell. The FTC also stated they do not even have to put an inquiry on or leave it on to begin with. Experian has taken the same stance. I already faxed in my inquiry dispute to TU. They will of course ignore it. At the end of 30 days I have the option of settling this once and for all in court as I see this. I am, however, more apt to go after experian to test this than TU only because Don Richman has been so nice but I will see how it goes. If I do skip TU they better give don a raise becaues he is the only thing between them and a hefty lawsuit.
This we agree on. Their refusal to investigate INQs is a blatant, willful noncompliance with the FCRA. I have every right to dispute a hard INQ on the grounds that it wasn't made for a permissible purpose, yet it is coded as such. a 'purpose' is NOT a record of fact, therefore their reasoning is frivolous. They can get away with it because 99.9% of the consumers won't take them to court, and more importantly, no consumer law attorney has ever filed a class action over this. I suspect the latter is going to change soon. Just think of the combined financial damage this has caused to consumers all over the country. Saar
Add one more to the list of folks screwed by TU non-investigation of inquries. I have something like 20 hards on TU, about 6 of which were authorized over the past two years. I disputed via the web and once over the phone, today I received the form letter stating, contact the agency. Moreover, they deleted a positive tradeline that I didn't even dispute! Unbelievable. That just isn't good enough--the law requires more than that, and I think a class-action suit is a good idea here.
FARMERS INSURANCE PULLED A "HARD" (TRANS UNION) EVEN THOUGH I DID NOT APPLY FOR ANY CREDIT... TRANS UNION ANSWER----------->"PERMISSABLE PURPOSE" COST TO REMOVE THE INQUIRY...$0 COST TO NOT REMOVE THE INQUIRY...$1,000
COST TO REMOVE THE INQUIRY...$0 COST TO NOT REMOVE THE INQUIRY...$1,000 FEELING OF BEATING THE CREDITORS AT THEIR OWN GAME...PRICELESS
