New Contributor Posts: 88 Registered: ‎11-16-2012 Re: collection
agency hard inquiry leagal?  Not true...permissable purpose is
required for soft or hard pull...but FCRA specifically states
that in order to do a hard pull (they use different language,
they state an iquiry that is viewable by everyone) that you must
have PP as well as it must be initiated by the consumer...this
is a response I found on another site that clears it up pretty
good...   The concept of HARD-vs-SOFT has nothing directly to do
withe the FCRA. It is a business angle the CRA's created to "add
value" to thier existence. They track HARD inquires as a way of
showing prospective creditors (the people paying commercial rate
$$ for your credit report) what credit you have been applying
for lately. This is valuable information for the prospective
creditor to know before deciding to loan you money.  So this
entire catagory of INQUIRIES and what is shown to credit report
USERS other than YOU the consumer, is a business product
catagory the CRA'