King Solomon
Kraken
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- Aug 8, 2021
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Here's some information on corporations aka persons and soft or hard inquiries. Basically they are required per consumer laws, to have your expressed written consent to pull a soft inquiry on your report.
Although this doesn't negatively impact your credit score it does effect your consumer report negatively.
The banks, companies, etc can still use your consumer report as a means to deny you for future opportunities and having tens or hundreds of soft inquiries is something they can use against you.
Basically per the laws, each inquiry can be worth up to 1k per inquiry in a lawsuit. I have over 3 of them over the last 3 years. Feel free to review your annual free credit report to see all the inquiries you have that you didn't provide written consent to.
Report them to TransUnion and Equifax immediately. If they refuse to remove or respond to you in 15 business days after receiving the mail (certified mail) then you are entitled to sue anyone that put these inquiries on your report without your written consent.
For me I am technically entitled to 300k. I have accurred 300+ over the last 3 years alone and I haven't used any cards at all during that time nor do I plan on using them ever again and haven't used them since 2020. This is identity theft and I didn't give anyone expressed written consent.
No you don't have to go to court as most these things are settled by mail.
FICO is not your consumer report
Use a pre demand letter
Experian and TransUnion dispute directly
If something is inaccurate and incomplete you must dispute it. If they fail to provide the proof that’s where you get them.
Law 15 USC 1681 N (a)(1) (b) Civil liability for willful incompliance:
15 U.S. Code § 1681n - Civil liability for willful noncompliance | U.S. Code | US Law | LII / Legal Information Institute
Any person who willfully fails to comply with any requirement imposed under this subchapter with respect to any consumer is liable to that consumer in an amount equal to the sum of—
(1)
(A)any actual damages sustained by the consumer as a result of the failure or damages of not less than $100 and not more than $1,000; or
(B)in the case of liability of a natural person for obtaining a consumer report under false pretenses or knowingly without a permissible purpose, actual damages sustained by the consumer as a result of the failure or $1,000, whichever is greater;
15 USC 1681 B
Any person (blacks law def = (corporation)
15 USC 1681 B ((a)(2)
They are required to have written permission for each inquiry
Process:
1.) File a claim of identity theft to the 3 bureaus(Equifax, Experian, and TransUnion) and cite the laws. Tell them to remove all inquiries and give them 15 days to remove the inquiries or further legal action will be pursued. This is your pre demand letter.
1 (a). You can file this to each bank or credit agency or whoever did the soft pulls and cite the same thing. You actually have a higher chance of them not responding than the 3 bureaus. Do this with their fraud department using certified mail and they may have an official doc to use.
2.) If no response has been given by day 15 or refusal to comply then you file a lawsuit.
3.) File an identity theft claim with your local police for all inquiries.
4.) File identity theft claim to the fair trade commission or FTC.
5.) Gather all your evidence, research the laws for your state and county you reside in. Use the proper documents and file the lawsuits
Verbal instructions doesn’t count. Without written permission this is identity theft.
Although this doesn't negatively impact your credit score it does effect your consumer report negatively.
The banks, companies, etc can still use your consumer report as a means to deny you for future opportunities and having tens or hundreds of soft inquiries is something they can use against you.
Basically per the laws, each inquiry can be worth up to 1k per inquiry in a lawsuit. I have over 3 of them over the last 3 years. Feel free to review your annual free credit report to see all the inquiries you have that you didn't provide written consent to.
Report them to TransUnion and Equifax immediately. If they refuse to remove or respond to you in 15 business days after receiving the mail (certified mail) then you are entitled to sue anyone that put these inquiries on your report without your written consent.
For me I am technically entitled to 300k. I have accurred 300+ over the last 3 years alone and I haven't used any cards at all during that time nor do I plan on using them ever again and haven't used them since 2020. This is identity theft and I didn't give anyone expressed written consent.
No you don't have to go to court as most these things are settled by mail.
FICO is not your consumer report
Use a pre demand letter
Experian and TransUnion dispute directly
If something is inaccurate and incomplete you must dispute it. If they fail to provide the proof that’s where you get them.
Law 15 USC 1681 N (a)(1) (b) Civil liability for willful incompliance:
15 U.S. Code § 1681n - Civil liability for willful noncompliance | U.S. Code | US Law | LII / Legal Information Institute
Any person who willfully fails to comply with any requirement imposed under this subchapter with respect to any consumer is liable to that consumer in an amount equal to the sum of—
(1)
(A)any actual damages sustained by the consumer as a result of the failure or damages of not less than $100 and not more than $1,000; or
(B)in the case of liability of a natural person for obtaining a consumer report under false pretenses or knowingly without a permissible purpose, actual damages sustained by the consumer as a result of the failure or $1,000, whichever is greater;
15 USC 1681 B
Any person (blacks law def = (corporation)
15 USC 1681 B ((a)(2)
They are required to have written permission for each inquiry
Process:
1.) File a claim of identity theft to the 3 bureaus(Equifax, Experian, and TransUnion) and cite the laws. Tell them to remove all inquiries and give them 15 days to remove the inquiries or further legal action will be pursued. This is your pre demand letter.
1 (a). You can file this to each bank or credit agency or whoever did the soft pulls and cite the same thing. You actually have a higher chance of them not responding than the 3 bureaus. Do this with their fraud department using certified mail and they may have an official doc to use.
2.) If no response has been given by day 15 or refusal to comply then you file a lawsuit.
3.) File an identity theft claim with your local police for all inquiries.
4.) File identity theft claim to the fair trade commission or FTC.
5.) Gather all your evidence, research the laws for your state and county you reside in. Use the proper documents and file the lawsuits
Verbal instructions doesn’t count. Without written permission this is identity theft.
