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Originally Posted by Lecasbas
I have a couple of more questions which follow the theme of this thread
Why do the ca's get a copy of a debtor's cr anyway?
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1. To verify your address 2. To see if you are credit active and appear to be able to pay if they squeeze hard enough. 3. To see if you might have filed BK and they best throw you into the trash pile. 4. To see if you have bailed on every creditor known to man so they can decide if you are worth the man hours to pursue. Lots of reasons for them to look at a report.
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So far, I've had 6 hard pulls and none of those people have ever ostensibly used the information in their pursuit of a Bad Debt. 3 are now gone due to the cra's SOL but 3 remain.
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Just because they didn't specifically tell you they used the credit report, doesn't mean they didn't. Debt collections is a numbers game, and you may have scored high enough to be pursued, or so low they never even bothered. FWIW just because 7 years is up, does not mean bottom feeders can't try and collect, they just can't legally report. I also do not think (research required) that they ever give up permissible purpose. Search on screen name Rikers. He had a friend that someone recently attempted to collect a debt from that dates back to the 1960's...if memory serves me correctly.
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Permissible purpose, in my case, would mean that a ca is able to do a hard pull whenever it is given assignment of a Bad Debt?
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Not just in your case, but rather in any consumer's case.
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If this is correct, how often can it do a hard pull?
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Nobody that I have heard about has ever fought and won or lost that battle to determine a number. The statute itself is silent.
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then 4 months later a lawyer it retained to do another hard pull?
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I seem to remember an FDCPA Opinion letter that says Litigation (assuming this is the lawyer that sued you) is NOT a permissible purpose. Be advised, FDCPA Opinion Letters are merely interesting reading they carry no weight in 99.9% of the courts. However, it is something worth researching to see if someone ever won or lost that battle.