What are CA's Looking For in Credit Report?
Date: Tue, 09/08/2009 - 06:24
What would get a CA excited about your credit report?
What would get a CA to cry about your credit report?
When I pulled credit reports on borrowers, recent credit inquiri
When I pulled credit reports on borrowers, recent credit inquiries, particularly mortgage and car dealer inquires would be reviewed more extensively. I would look for accounts being paid and was not being paid. An employer listed on the report was even better.
A report with all R9's and charge off's with only other collection agency inquiries would be considered a waste of time.
Charge off ratings...R9 is the worst code you can have.
Charge off ratings...R9 is the worst code you can have.
Quote:Originally Posted by Generic HumanWhen a CA pulls your cre
Quote:
Originally Posted by Generic Human When a CA pulls your credit report, what are they actually looking for? Just curious as to their logic or evaluation principles they are applying when looking at your credit report. What would get a CA excited about your credit report? What would get a CA to cry about your credit report? |
I thought they can't pull your credit report without your permission because it would hurt your credit rating? Is a violation of the FDCPA also?
ca's are allowed to pull your credit - its no violation. what d
ca's are allowed to pull your credit - its no violation. what do they look for? all sorts of things! almost your entire asset history can be found on your credit report!
making mortgage payments? this person owns a home!
making car payments or have a paid off loan from an auto lender? this person owns a car!
recent employment listings? a simple phone call will determine if you are still working there!
heck, sometimes they can see if you have a high enough limit on your current credit card to just put the balance on that!
a current credit report is like an open book of your asset history and ca's know just how to use it!
Quote:Originally Posted by Anonymousca's are allowed to pull you
Quote:
Originally Posted by Anonymous ca's are allowed to pull your credit - its no violation. what do they look for? all sorts of things! almost your entire asset history can be found on your credit report! making mortgage payments? this person owns a home! making car payments or have a paid off loan from an auto lender? this person owns a car! recent employment listings? a simple phone call will determine if you are still working there! heck, sometimes they can see if you have a high enough limit on your current credit card to just put the balance on that! a current credit report is like an open book of your asset history and ca's know just how to use it! |
I am pretty sure you are wrong because I have come across many threads concerning about credit reports and CA. I hope you are not a collector giving out false information. People here don't take too well with collectors..... I am sure Chris would join in on more information about the subject matter.
Quote:Originally Posted by Anonymousca's are allowed to pull you
Quote:
Originally Posted by Anonymous ca's are allowed to pull your credit - its no violation. what do they look for? all sorts of things! almost your entire asset history can be found on your credit report! making mortgage payments? this person owns a home! making car payments or have a paid off loan from an auto lender? this person owns a car! recent employment listings? a simple phone call will determine if you are still working there! heck, sometimes they can see if you have a high enough limit on your current credit card to just put the balance on that! a current credit report is like an open book of your asset history and ca's know just how to use it! |
Here you go Mr Collector....:)
http://www.debtconsolidationcare.com/collection-agencies/recent-inquiry.html
way to quote a thread that proves me right! read any further th
way to quote a thread that proves me right! read any further than the first 3 posts?? spose not. and for your info, im not a collector. just someone who has been in the receiving end and has seen enough credit reports in his day to know what you can find on them! so thats a fail on both counts! good luck next time.
Quote:Originally Posted by Anonymousway to quote a thread that p
Quote:
Originally Posted by Anonymous way to quote a thread that proves me right! read any further than the first 3 posts?? spose not. and for your info, im not a collector. just someone who has been in the receiving end and has seen enough credit reports in his day to know what you can find on them! so thats a fail on both counts! good luck next time. |
I think you have problem with reading....go read the link again.
yeah, read cajunbulldogs quote of the fcra rules on pulling cred
yeah, read cajunbulldogs quote of the fcra rules on pulling credit reports. then feel free to tell me why that doesnt apply.
Quote:Originally Posted by Anonymousyeah, read cajunbulldogs quo
Quote:
Originally Posted by Anonymous yeah, read cajunbulldogs quote of the fcra rules on pulling credit reports. then feel free to tell me why that doesnt apply. |
Like I said, learn how to read carefully. Don't go read only the content you want to believe.
"Anthony if they pulled that report they had better have enough information on you to validate or they could risk opening themselves to both a fdcpa & Fcra claim." In another words, for CA poking around your credit report without good reasons can subject them to fines and FDCPA violations.
Please don't post copied content here, instead give a deactivated link - Jason
the question was, can they pull your credit report? the answer
the question was, can they pull your credit report? the answer is yes. i agree with what you're saying that it has to be for the correct purposes and with good belief, but that should be obvious.. nonetheless.......
im not going to argue with you . we will wait for someone else to tell you otherwise as you clearly wont believe it from me. and why should you? im just a scummy collector according to you. oh well, have a nice night!
Well, I am going to have to take the side of Unregistered. I thi
Well, I am going to have to take the side of Unregistered. I think E & F [i and ii] both give them the right. The consumer initiated the credit transaction by taking the loan or the credit card, the collector is a Service Agency hired by the original creditor to collect, it *is* an "existing credit obligation", the collector *does* have a "legitimate business need for the information", the transaction *was* originally "initiated by the consumer", and they *are* checking it to "determine whether [or not] the consumer [can] continue[] to meet the terms of the account".
If it is a Junk Debt Buyer I would definitely question it. If it's not your debt I would definitely question it. If the amount increases by a ridiculous amount, I would definitely question it.
But for a legitimate debt that is easily provable in court, I would say that the Collector, by virtue of being hired by the original creditor, has a permissible reason to pull the debtor's credit report.
Quote:
In another words, for CA poking around your credit report without good reasons can subject them to fines and FDCPA violations. |
