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 Posted: Thu Apr 19, 2007 4:45 pm Subject: Teletrack Inquiries-HELP |
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HI,
Just wondering how long an inquiry will stay on your teletrack report?
I am beign denied a payday loan thru my credit union becasue i have 2 inquiries from online lenders.
Alison
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psrodeo
Joined: 19 Apr 2007
Posts: 13
Debtcc Points: 339
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| Posted: Thu Apr 19, 2007 4:47 pm Subject: |
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I believe its 5 years...??? Anyone correct me if I am wrong please...Are you sure its teletrack they are using and not telecheck??? There is a big difference
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Leah
Debt Samaritan
Joined: 04 Mar 2007
Posts: 2333
Debtcc Points: 50556
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| Posted: Thu Apr 19, 2007 4:52 pm Subject: |
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Teletrack is used only for payday loans - it's like a credit report on how well you handled your previous payday loans. If you have derogatory info on the Teletrack report, you will have a hard time getting a payday loan from a storefront or credit union.
Is there another way through your debt issue without taking out a payday loan?
_________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
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SUEBEEHONEY70
Moderator
Joined: 12 Oct 2006
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| Posted: Thu Apr 19, 2007 5:05 pm Subject: |
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It is definetely teletrak. I just have inquiries. nothing derogatory. I was told by my credit union that it can drop off after 30 days, but i dont know if that is correct.
They wanted me to contact the payday lender that i had applied thru and get a letter stating that i did not owe anything to them. None of the lenders will do that which is very frustrating.
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psrodeo
Joined: 19 Apr 2007
Posts: 13
Debtcc Points: 339
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