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     | Tuesday, March 14, 2000 - 06:22 am  I have been working on trying to get a large number of errors on my Trans Union Credit report straightened out. I have noticed that there are three sections for inquiries, one for inquiries initiated by me, one for account reviews, and one for promotional inquiries. The report indicates that "TU Disclosures" are not viewed by creditors. I do have several inquiries that are appearing that say "credit bureau services" and have numbers next to them appearing in the "inquiries requested by you" section. All of these are there from when I requested copies of my credit reports or when corrected copies were furnished to me as a result of my disputes. Will these appear (they do not have "TU Disclosure" next to them. Will creditors see these, and if they do, will they harm me?
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| | Tuesday, March 14, 2000 - 07:03 am I'm looking at my TU from 12/99 and there are two sections: One marked with a heading that specifically states the inquiries are visible ( execpt for those marked TU Disclosure) and the second section stating that they were inquiries for 'account reviews' or 'other business transaction' and would NOT be viewed by others and would not affect (score). If you request your own, or you file a dispute, it won't hurt you. If it's pulled for promotional reasons, this will not hurt you. The only inquiries that hurt you are those that were pulled by companies claiming "permissible purposes", which loosely translates to you actually requesting credit from a potential lender (loans, credit cards, etc, regardless of whether you signed an application or called them on the phone). When YOU initiate the inquiry for the purpose of possibly an extension of credit, those are the inquiries that will be viewed by other creditors down the road. Any others should not.
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| | Tuesday, March 28, 2000 - 10:27 am I have pretty good credit (no charge offs, no BK, six 30 day lates that are 5+ years old.) I was recently turned down for credit because of "excessive inquiries." After obtaining my credit reports, I found that there were four inquiries that were legitimate, one that I did not recognize, and four that were from current creditors. One of them (a store charge card) had placed two inquiries on my report within the past year. All of these inquiries, including those placed on my report by the current creditors, were in the section that clearly states that they are visible to anyone who will be considering me for credit, NOT in the account review or promotional section. I left the four legit inquiries alone, and wrote letters to the addresses furnished for the others. They all responded that they would remove the inquiries (well, one stated that they would move it to the appropriate section, thats good enough for me, I guess) except for the one that had placed two inquiries on my report. Their letter stated that they had the right to pull my credit report to perform "account review" and that they were not removing them. I then sent them another letter telling them that I KNOW that they are allowed to pull my credit for account review purposes but that if they did so they needed to move the inquiry to the other part of the credit report. I then received ANOTHER response from them which basically said "we already shot you down dummy, don't ask again, we told you we can do this if we want." Well, now I'm mad, what should I do? I guess I wouldn't be pursuing it so actively, but I am trying to buy a new car and its the reason why I was rejected, so I want it off there. Help?
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| | Tuesday, March 28, 2000 - 01:00 pm Take the letter from the creditor that says they have the right to perform inquiries for the purpose of account review and forward a copy of it to the credit reporting agency along with a letter saying, "These inquiries were for the purpose of account review. Please update your files to reflect this." In addition I would say that you have an excellent lawsuit. If you feel strongly about it you should contact an attorney to see if you can find someone who will handle a class-action lawsuit against the creditor. You have proof of damages (a denied credit application) and you tried multiple times to correct the situation with the creditor, as evidenced by their return correspondence. If they treat all their customers this way there could be a lot of damages we're talking about. Enough to tempt an attorney to take the matter on contingency. I think someone had a list of attorneys that handled cases similar to this. Perhaps they'll re-post it.
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| | Tuesday, March 28, 2000 - 03:25 pm I believe it is http://www.lawyerphillips.com He is a class action lawyer. K.Feathers
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| | Wednesday, March 29, 2000 - 06:01 am well, I'm not really interested in a lawsuit, believe me, I have been through that and know what it entails. But thanks for your other suggestions, I plan to use them, thank you.
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