top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Hard Credit Pull after discharge

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Hard Credit Pull after discharge

    I keep reading that it is illegal for a creditor who was included in a chap 7 to do a hard pull on credit after discharge. Is this true?

    I am trying to do a mod on a mortgage that I did not reaffirm. I saw they did a hard pull. Never asked my permission. Since I am trying for a mod, I am assuming it is ok -BUT - if I don't get a mod and can sue and get some money from them, then that would be ok too

    #2
    Usually when you apply for a mod. That gives them permission to check your credit , did you apply over the phone?
    Filed Chapter 7 September 25, 2009
    341 November 2, 2009
    Final Day for Objections 1-1-10 (Happy New Year!)
    Discharged 1-4-10

    Comment


      #3
      Since you are technically applying for credit with them I think that's enough to be permissible. I am having the same problem with a discharged CU that pulled a hard the other day...they had NO permissible purpose...trying to figure out my approach.
      7-2-2009 Filed
      8-28-09 341 Concluded, no assets
      10-28-09 DISCHARGED/CLOSED!!!!

      Comment


        #4
        Originally posted by mami2four View Post
        Usually when you apply for a mod. That gives them permission to check your credit , did you apply over the phone?
        That was my thought too. I figured I would post it and see if it raised any red flags with anyone.

        Thanks all!

        Comment


          #5
          Originally posted by whipster1 View Post
          Since you are technically applying for credit with them I think that's enough to be permissible. I am having the same problem with a discharged CU that pulled a hard the other day...they had NO permissible purpose...trying to figure out my approach.
          I don't remember if it is in the FCRA or another statute (about permissable purpose), but a good link to start searching is here with the FTC http://www.ftc.gov/os/statutes/fcrajump.shtm
          Filed CH 7 9/30/2008
          Discharged Jan 5, 2009! Closed Jan 18, 2009

          I am not an attorney. None of my advice is legal advice in any way..

          Comment


            #6
            Applying for a loan re-modification is essentially applying for credit. If you apply for credit with a creditor, they can check your credit reports. The pull you saw is a permissible purpose pull and is not covered by the automatic stay.
            You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

            Comment

            bottom Ad Widget

            Collapse
            Working...
            X