recently I was ctc'd by telephone by a collection agency. I advised the agency over the telephone that I have no knowledge of the debt and had never received anything about the debt. I recently received a copy of my TransUnion credit report and there is a any inquiry dated back in Jan/02 from this collection agency. (obviously done way before they ctc'd me) -NO account from this collection agency is on my report. I mailed the collection agency a validation letter and also requested they explain their permissible purpose as far as the inquiry and that they remove their inquiry. They responded that they were returning the account back to who they bought it from (Capital One) and that their permissible purpose was that they were collecting on this debt for capital One. Does anyone know? does the reason they gave for permissible purpose compliant with what is in the FCRA? They obviously have not/can not validate the debt, so how can they pull an inquire for an account that is not validated? Any further information would be greatly appreciated.
FCRA § 604. Permissible purposes of consumer reports [15 U.S.C. § 1681b] (E) intends to use the information, as a potential investor or servicer, or current insurer, in connection with a valuation of, or an assessment of the credit or prepayment risks associated with, an existing credit obligation; or (F) otherwise has a legitimate business need for the information (i) in connection with a business transaction that is initiated by the consumer; or (ii) to review an account to determine whether the consumer continues to meet the terms of the account. I'm not sure if one of these is what covers it. I've heard here that CA's do have permissable purpose. At any rate, maybe someone else will chime in.
Not a bad way to go. If it goes away in a dispute and they sent it back to the original creditor, you shouldn't have to worry about it coming back from that particular CA.
INQUIRES ARE GETTING OUT OF HAND (I'm not talking about the ones you apply for...like credit cards or loans)...like the insurance company checking your credit report to "SEE" HOW YOU DRIVE!!! ...And your ELECTRIC COMPANY, PHONE COMPANY, WATER COMPANY, GAS COMPANY ALL PULLING YOUR CREDIT REPORT TO "SEE" HOW YOU PAID YOUR ELECTRIC, PHONE, WATER, AND GAS (WHEN YOU MOVE TO A NEW HOUSE)...even though NONE of them are on the report!!! They NEVER ask for reference letters!!! If I ever get my TRANS UNION report...I am going to DISPUTE all the INSURANCE INQUIRES..."NO PERMISSABLE PURPOSE"...pay in advance of coverage in full!!! The last insurance inquiry "LOOKS" like a "HARD" on NOT~WORTHKNOWING...I SHOULD YELL INSURANCE COMPANY FRAUD!!!!!!!
