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Advice on Law Credit Report

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Q: What law defines what is a hard or soft pull on your credit report?
As everyone knows there are hard and soft pulls on your credit report. Exactly what law defines what constitutes a pull as hard or soft? Is it a law, or just common practice for credit bureaus to determine what classifies each one?

A: The only time someone can do a hard pull is when you have actually applied for credit or asked for a increase in a existing credit card limit.

Everything else is a soft pull.

Q: Is it legal for a law firm to check your credit report?
Just wondering if it is legal for a law firm to check your credit report without your knowledge or your permission?
I just found out that the law firm of someone trying to sue me for money checked my credit report. I did not give them permission, nor was it them that let me know they did it.
To me it just doesn’t seem right, but I’m not sure.
I’m in Ontario Canada if that makes a difference.

A: It is legal for anyone to check anyone else’s credit report if it is used to verify the likelihood of someone being able to come up with money to pay a bill or a lawsuit, etc. The requester simply pays a fee to a credit reporting agency, verifies that they have a legitimate reason for asking, and that’s it. When you buy something on credit you will often see the letters ‘O.A.C.’ in the ad. That means ‘On Approved Credit’ and involves a credit check. Apply for a credit card or a loan and it happens as well. The lawyer is simply doing what he is paid to do and making sure that you will be able to pay the amount they are suing you for. Good luck!!

Q: What is the federal law concerning spouces medical bill being put on my credit report?
My spouse has alot of medical bills due to Dr. who made a mistake during surgey. Can not sue Dr. now the collection agency are putting the bills on my credit report. I know that the federal law over irdes state . I just need to know what the federal law is concerning this.

A: just because you are married you are not responsable for your spouces debts, as long as you did not sign anything for them . but if your spouse dies there estate is to go for paying there debts off. if you have anything that you both are co-owners the creditors can force the sell to get there money.you need to contact the collection agency and chew there butts out and inform them if they cant show you proof that you signed for the debt , they better get this off your credit report or you will sue there tails off.you will have to be firm with them or they will bullie you to get you to pay the bills. next you need to write the 3 madger credit reporting agencys tell them that these are mistakes and to remove them from your credit report . send it return recipt requested so you have proof of when they got it. they have 30 days to prove weather it is valed or not. if in 30 days they have not contacted you and cant prove it to be valed they have to remove it from the report. you need to write them again the same way and tell them to remove it form your report. (that is federal law) but you will have to stay on the collection agency and who ever turned this over to the collection agency untill you get the matter solved . because they can put it right back on your credit report again and you have to start it all back over again. if you run in to a brick wall with the collection agency and they wont budge you may have to have a talk with a lawyer they can be sued for fulse reporting to the credit buearo. i cant remember what the addy is but you need to search for the fare debt collection act it will give you more info………. why cant you sue the doctor if he made a mistake during surgey??? if this is what the docs or hospital is telling you go see a lawyer

Q: I had a collection that is now off my credit report. By law can they still come after me for payment?
Even after 7 yrs can they still garnish my wages. I live in California. Anyone know.

A: I would think that going after a collection is different then your credit report. It is hard for a company to garnish your wages, depending on the amount it might not be worth them to do so. Can you be a little more specific, amount, are they still sending you letters or what is their action, it seems a long time to be chancing you een after 7 years.

Q: Can I report daughter-in law bad credit and repo to company’s like Equifax?
Two years ago I signed a note for my Daughter law to be, yeah I know bad idea (she had no car no credit you know the story). I had to have car reprocessed it will cost me almost $1700.00 just to get it highway safe. I know I should forget it and just move on what would you do?
They are in process of divorce.

A: Forget it and move on. This is one of those times when you know you made a mistake and you are more angry at yourself than at her. So just forgive yourself and move on.

Q: Is there a law that states that an account can only be on your credit report for only seven years?
I have an account that has been on my credit report for more than 7 years and it states on the report that it will continue to be active on or around 2010 which will make it ten years. Is there any way that I can dispute this? Any law that was passed? If so who do I contact?

A: The FCRA (Fair Credit Reporting Act) is what yo’re referring to. I posted a link that can explain it in detail for you

Q: Can local law enforcement check credit report in hiring process??
I have an interview for a deputy sheriff’s position and my credit isn’t good at all. A police officer I talked to on myspace chat said a new law has been passed where thay can no longer check it. Is this true? Can someone point me to the written law? I am in Virginia. Thank you

A: In response to BACK AT YOU:

Part of the paperwork you fill out while completing you application is a release form allowing them to check into your credit. So there is no violation there. Why do you assume the police do it illegally?

Choosing not to hire you based on a bad credit report is not being prejudice. Law enforcement can be a very tempting field to pad your own pockets. It is not the norm, but you do hear about it all the time. In fact it is what most cop haters complain about the most. If you have chronic financial problems you are at even more of a risk.

So if the background check reveals that you use to have a drug problem and the police department does not hire you, are they also being prejudice? I mean just because you had a problem in the past does not mean you will do it again right?

As far as a new law being past, I have never heard of it. Like I said, they will give you a release form to fill out so they can check your credit. It is all part of the background investigation. If you do not fill it out and give the release, then it will send up all sorts of red lags for them.

My department will have you fix your credit (Payoff any outstanding debts) before they will hire you if your credit report is not in good standing. So just because you may have a not so perfect score does not mean your out of the game.

Good luck.

Q: I dipstuted an inaccuate item on my credit report. How long by the law do the credit agencies have to respond?

A: Probably you have some wrong items in your credit report. Use credit repair service to find and remove such bad stuff from your credit – freecreditreport.hotusa.org

Q: Can’t we now, by law, get our credit report free twice a year?
What site in the web gives us our credit report?

A: I know you can get it once a year for free now. I think it’s always been twice a year in some states.

Start here: http://www.annualcreditreport.com

Q: dealership wont give me a copy of my credit report they said its against the law!?
I went to two different dealerships toyota from visalia and micheals from fresno they both gave me the round around about my credit so i asked them if i can get a copy they said no because it is against the law to give out the credit report to the client is this true then micheals says my credit score is 615 and i went to toyot from visalia and the sales guy said it was 588 what do i do in this case.

A: Auto finance is what I do for a living and it is indeed against the law for a dealer to give out a copy of a credit report.

If they submitted you to a lender and you were declined your entitled to a free copy of your report from whichever bureau the lender based their decision on.

You can get free copies from www.annualcreditreport.com but they will not include your scores unless you pay the extra charge.

Q: Why is my mortgage company telling me they can’t give me a copy of my credit report? What is the law on this?
Didn’t the law change with FACTA?????? If someone knows, please give me a reference of some kind so that I can show them and get a copy. Thanks so much!!!

A: Are you working directly with a lender, or with a broker?

If you’re working with a broker, the broker should be able to obtain the credit report pulled by the lender.

If you’re working directly with a lender, they should be able to send you a copy as well if you were denied the loan.

From the FTC website:

“Under federal law, you’re entitled to a free report if a company takes adverse action against you such as denying your application for credit, insurance, or employment and you ask for your report within 60 days of receiving notice of the action. “

If you weren’t denied credit they don’t need to provide a credit report.

Learn more about mortgage and credit:

http://www.thetruthaboutmortgage.com

http://www.thetruthaboutcreditcards.com

Q: How do I get the Free Credit Report as provided by Federal Law?
The web site to which you are referred by the 3 major reporting companies is no is service.

A: www.annualcreditreport.com, all the other sights charge you a fee to see them.

Q: Is it against the law for a new car dealership (Chevy) to give me a copy of the credit report?
The Chevy dealer ran 3 different credit reports on us to make sure we are credit worthy. We are and I understand that it must be done in order to finance a new car. When I asked for a copy of each one to take home the finance manager told us it is against the law for me to have them. I think he is full of BS. Does anybody know for certain out there?

A: Yes and no. What is kept confidential is your FICO score. There is no law preventing you from knowing it, but there is likely a contractual agreement prohibiting the dealership from divulging it, so the dealership would be violating a contract by giving you a copy (technically, that’s illegal). The credit bureaus want to charge a fee to anyone accessing that score.

Q: Should all credit collection agencies be required by law to remove delinquent marks on your credit report afte?
being paid?

Am I missing something? What is the point of paying a collection agency in full if they’re not going to take it off your credit report? Why do they have this option and why hasn’t it been mandated that all agencies must remove delinquent marks if paid in full?

Clearly you can make your payment contingent on them removing the mark. Why is this simply not mandated?

A: Credit can be a cold thing. Life happens fast. I unfortunately have had a $4,000 hospital bill due in my name with no way to pay it. Didn’t have a job and my parents couldn’t help. Took 4 years to pay that thing off.

If you have delinquencies on your report, you gotta suck it up, and move forward.

Q: What type of law is being broken when a person uses your Credit Report and divulges information to another?
A former friend had a copy of my credit report and divulged information on it to a third party for the purposes of obtaining a corporation with my name. From there, a loan was to be borrowed from a bank to the corporation. None of this was known to me until the third party called me asking if I still wanted to go ahead with the deal. Of course, I put a stop to that immediately. Fortunately, I obtained Lifelock some months ago. What type of legal action can I take?

A: Both of the above posters are correct, it’s bank fraud and a violation of the Privacy Act, both are felonies and as far as legal action you need to file a police report and let them put your former friend in jail.

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