Christine Baker (Admin)
Post Number: 81
|Posted on Saturday, August 24, 2002 - 03:03 pm: ||
From the report:
"THE FOLLOWING INQUIRIES ARE NOT REPORTED TO BUSINESSES:
PRM - This is a promotional inquiry in which only your name and address were given to a credit grantor so you could be solicited with an offer such as a credit card. (PRM inquiries remain on file for 12 months.)
AM or AR - These inquiries indicate a periodic review of your credit history by one of your creditors (AM and AR inquiries remain on file for 12 months.)
EQUIFAX, ACIS or UPDATE - These inquiries indicate Equifax's activity in response to your contact with us for either a copy of your credit file or a request for research.
PRM, AM, AR, INQ, EQUIFAX, ACIS and UPDATE inquiries do not show on credit files that businesses receive, only on copies provided to you."
Problem: there are codes used that are NOT listed here, such as AB or EU.
Solution: add all codes to the report, and list hard inquiries in a separate section.
Especially for subscribers to their monitoring service it becomes very difficult to find creditor inquiries.