Re: Credit Report alert CA's?

Posted by marvbear (24.92.16.51) on February 01, 2004 at 22:57:32:

In Reply to: Credit Report alert CA's? posted by Reporter on February 01, 2004 at 22:36:24:

If you obtain your credit reports directly from Equifax, Experian and TranUnion the inquiry will be a "soft" inquiry that only you will be able to see. "hard" inquiries are available for anyone to see for a period of two years. If for instance, you apply a credit card and the credit card company pulls a hard inquiry it will be there for all to see. If you open a bank account and the bank pulls a hard inquiry it will be there for all to see. So if a collection agency does a periodic review of your credit and can see current information they may come after you.

That's why it is important to OPT OUT.

Although, I have LONG SUSPECTED that certain entities have arrangements with the major credit reporting agencies to automatically notify them of changes in ones credit file. I BELIEVE they may even subscribe to some sort of service that will notify them. I do not know this for a fact, but I do strongly suspect this. Some things that happen to people are simply too coincedental for it to be just happenstance.

Opt-out and even then I am not completely sure you/we are all safe from prying eyes!

DO NOT OBTAIN your copy of your credit file from a third party. Obtain it directly from the reporting agency in question.

Hope this helps.

Marvbear.

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