I keep seeing references to requesting that companies remove credit report inquiries. As I understand it, the criteria to request the removal of an inquiry is that the consumer didn't authorize the inquiry - Is this correct?
How does one determine if they have "authorized" in inquiry? I would assume that applying for a loan or credit card would be a case of "authorizing an inquiry"...
If a debt collector makes an inquiry, in the course of their collection attempts, is this inquiry "authorized" by some mechanism, (by virtue of having acquired the debt from an account you once requested, knowing that there would be in inquiry - or is this the type of inquiry to request removal of the inquiry due to the fact that the company originally authorized to make an inquiry no longer holds the debt?
As always, any insights or experience stories or advice will be greatly appreciated...
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.