Posted on June 2, 2009 at 7:26 pm i'm honestly not comfortable sharing that information with them. is there a law that protects me as a consumer from that? can i ban them from not gettign their hands on it?

Posted on June 2, 2009 at 11:08 pm Hi mush pit,Yes, debt collectors are actually authorized to view the information on your credit report. More often than not, they use this document for "fact-finding" purposes, in order to locate your whereabouts in the event that you cannot be contacted. They may contact all the phone numbers listed herein, including your employers' phone. Debt collectors, however, are not allowed to disclose the reason why they are calling for you, whether they have contacted your employer or not. Doing so is a violation of the Fair Debt Collection Practices Act.

Posted on June 2, 2009 at 11:36 pm Yes, they can pull out your credit report in an attempt to collect a debt. They may also use your credit report to see if you have other means to pay your debt, like if you have a credit card with a freely available credit limit for example. According to the Fair Credit Reporting Act, this process is perfectly legal.

Posted on June 2, 2009 at 11:53 pm right, thanks............ but how can i stop them from not viweing it? are there any other instances that other people or companies won't be allowed to see my credit rport

Posted on June 3, 2009 at 12:48 am The FCRA enumerates seven other permissible reasons wherein an individual or an organization can gain access to a consumer's credit report, aside from debt collection purposes. Here they are:1. Potential creditors can request and gain access to your credit report for credit application purposes. They use the information as part of the decision-making process on whether or not to grant you a loan.2. Lenders may choose to do an account review while you are currently banking/utilizing their services.3. Possible employers may also pull-out a job applicant's credit report for a pre-employment screening process, to determine your eligibility for employment in their company.4. Lenders may also pull out your credit report in the event of a court order or subpoena against you.5. Insurance companies can actually use your credit report to make decisions on your insurance premiums, as well as to give you a policy or not.6. The court may access your credit report to see if you are able to make child support payments.7. Of course, you have the right to view and access your credit report for your personal perusal.

Posted on June 3, 2009 at 4:28 am Do their inquiries on my report affect my credit score? Thx

Posted on June 3, 2009 at 4:48 am FoundLost, they can do it within what is called "permissible purpose," which is illustrated above. Their inquiries are considered as "soft inquiries" and do not have any effect whatsoever on your credit score. Soft inquiries are also conducted whenever various lenders would send you offers in the mail to apply for their credit cards. So in effect you really have nothing to worry about :)

Posted on July 28, 2009 at 4:51 am are they authorized to share the information found on it to my creditors??

Posted on July 28, 2009 at 6:22 am Yes. Any information found on your credit application will eventually used by debt collectors in their attempts to collect a delinquent account. that also includes information on your credit report. Debt collectors may even contact your relatives or some of your friends, but only for the purpose of fact-finding.

Posted on July 28, 2009 at 6:52 am Can debt collectors pull out my credit report?- yes they can. But debt settlement companies cannot. If they tell you, "we can pull your credit report for you" that should send up a red flag.