Has Credit One Bank Accessed your Credit Report?

There is a section on your credit report that discloses who has received a copy of your credit record. One section includes companies with whom you have applied for credit.  These inquiries show up on the general report, and they become part of your credit score.  They aren't weighted greatly in the score, but they do count.

There is another section of inquiries which don't show up when potential creditors access the report but they are included on your consumer disclosure. These inquiries include current creditors who are reviewing the record for purposes of servicing or collecting a current account or others with a permissible purpose.  Some companies stretch the meaning of permissible purpose for the hilt.  

I reviewed one report of a client who was sued by LVNV Funding, LLC c/o Resurgent Capital Services LP.  

This report included an access by Resurgent Capital Services - not surprising under the circumstances, but the report also included accesses by 

Credit One Bank NA

Assent, Inc.

Credit One Bank appears to be affiliated with the Sherman/LVNV group of bottom feeder collectors.  Assent, Inc. might be, but I haven't been able to determine one way or the other. As far as I can determine these companies have a different role in the Tholian web of Sherman companies than just buying debts for pennies on the dollar and suing poor people. These companies are designed to create new debt, perhaps including and renewing old debt.  A company can't just troll your credit report to find people to hawk new credit to.  A potential creditor can only receive limited information about you in the context of a prescreening program by the credit reporting agency in connection with FIRM OFFERS of credit.  We have not been able to verify that these companies have been accessing reports only in connection with firm offers of credit.  

If you see these companies or other companies receiving access to your credit report, please contact me at 317-662-4529 or contact a NACA consumer attorney in your area by going to www.naca.net.