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Request for Comment - Reselling Credit Information

BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: CATEGORY: General Credit Questions: Request for Comment - Reselling Credit Information
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Sean

Wednesday, November 10, 1999 - 09:28 am Click here to edit this post
I am now hooked up to order credit reports on my customers and potential customers through a reseller. The thought occurs to me that I could charge a small fee to persons who were interested in seeing their credit history and knowing the reasons why they did not score better.

I personally do not believe people should have their score in writing so the credit history would be redacted and the score would be blacked out. I would be willing to provide a person their score verbally.

In any event the inquiry would be promotional and so would not decrease your risk score. I was considering an $8.00 fee, which is the same as what credit reporting agencies charge. Would there be a market for this service?

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Anonymous

Thursday, November 11, 1999 - 07:25 pm Click here to edit this post
No spam please.

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No Spam

Thursday, November 11, 1999 - 09:52 pm Click here to edit this post
Spam on whole wheat with lettuce, tomato, and mayo? Personally, I prefer a Big Mac.

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Newhorizon

Thursday, November 18, 1999 - 04:13 pm Click here to edit this post
Hi Sean

I'm contracted to do the same thing. I provide equipment leases for small businesses, and I thought about reselling the reports to some of my clients so they could work on cleaning up the reports.

Unfortunately there is a law against it. I'm not to sure of the particulars but when I spoke with one of my leasing companies thay advised me against doing that. Its ok to resell to other buisnesses that have a signed request from the consumer.

Liz
http://www.newhorizon.org/NHBS


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