Permissible uses of a consumer

Discussion in 'Credit Talk' started by pat, Nov 6, 2000.

  1. pat

    pat Guest

    [15 U.S.C. § 1681b]

    (a) In general. Subject to subsection (c), any consumer reporting agency may furnish a consumer
    report under the following circumstances and no other:

    (1) In response to the order of a court having jurisdiction to issue such an order, or a subpoena
    issued in connection with proceedings before a Federal grand jury.

    (2) In accordance with the written instructions of the consumer to whom it relates.

    (3) To a person which it has reason to believe

    (A) intends to use the information in connection with a credit transaction involving the
    consumer on whom the information is to be furnished and involving the extension of
    credit to, or review or collection of an account of, the consumer; or

    (B) intends to use the information for employment purposes; or

    (C) intends to use the information in connection with the underwriting of insurance
    involving the consumer; or
  2. RichGuy

    RichGuy Guest

    I have a question.

    I have a question. Are all such permissible uses considered initiated by the consumer? The Experian report purporting to give my credit history contained 4 hard inquiries from a collection agency. The purpose may have been permissible, but should they have been hard inquiries, "initiated by" me?
  3. pat

    pat Guest

    this one is better answered by

    Collection agencies can check your credit, but they can't do it repeatedly just to hurt your credit. Once is permitted, and if they do it 100 times, you can sue. Where the line is as far as how many times constitutes abuse- I don't know.
    One poor guy had several hundred inquiries by the same collection agency over a year and a half- they were using his file to train employees to check credit histories- he sued and won.

    SIERRA Guest

    Can someone do this?

    I moved into my apartment 1 yr ago. Today I received my copies of my credit reports and noticed and inquiry by a mortgage co. Well I never applied for a mortgage loan. So I called them and they told me that my landlord had requested a tri credit report of my credit. He never asked my authorizationa and he never told me that he would do this. I just thought that you had to give authorization before someone can look up your credit.
  5. pat

    pat Guest

    RE: Can someone do this?

    Before you move in, after you apply to move in, it is common to pull a credit report. He should tell you, but his actions are merely rude, not illegal.

    In San Francisco, landlords had the reverse going as a scam, because the rental market was so tight. They would take 75 or 100 applications for one vacant apartment, charge each applicant $25 for a credit report, keep the $25 and never run the report.
  6. RichGuy

    RichGuy Guest

    RE: this one is better answere

    OK Anthony, here it is:

    Can a collection agency run a hard inquiry without your authorization, just for collection purposes? Or should it be listed as a soft inquiry? The text of an Experian report literally says that hard inquiries are "initiated by you."

    Keep the Faith

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