darkguy2 wrote:Looked though what they sent me and it looks like two parts are applicable. I will post them below. Sorry if there are errors had to convert the pdf to text and it was not the best quality. My university provides free legal services so I will go talk to them next week.
NOTICE TO CONSUMER: A consumer report may be requested In connection with this application for credit or any future update, renewal or extension of such credit. Upon request, you will be informed whether or not a consumer report was requested. If a report was requested, you will be Informed of the name and address of the consumer reporting agency furnished the report.
Consumer Reports. I authorize you to obtain reports about me from consumer reporting agencies in connection with my application and subsequently In connection with any extension of credit, any request to Increase my credit limit, and any review, renewal, update, servicing, or collection of my Account I understand that you may report negative Information about my Account to consumer reporting agencies. Late payments, missed payments, or other defaults on my Account may be reflected In my credit report I understand and agree that you may furnish information about me and my Account to consumer reporting agencies and others whoo are permitted by law to receive it. I understand that this debt will be reported as a line of credit to consumer reporting agencies and others who are permitted by Jaw to receive such information.
This language is not unique to your credit union. I went to my CU website and pulled up the T&C pages, and almost word for word, mine has the same statements. The difference is, mine does soft pulls for routine transactions; they do monitor periodically, so a SP would be in order. The only time that they can/will do a HP is with my full informed consent, in conjunction with a fully authorized financial agreement, ie, applying for credit/cards/loans/etc.
Since it's Experian, here's what I would do if I were you. I'd go to the Experian website (or you can do it through the FICO website after purchasing an EX report), and I would initiate a dispute. You'll get a form to fill out with all the pertinent personal info, you'll get the usual security questions, and then you will get a copy of your Experian report that has your detailed history. Within that report, you'll be able to see all of the hard pulls for the past 2 years, as well as all of the soft pulls for the past 2 years, and you'll be able to see a notice as to when they will fall off your report. Compare the HP and SP. Look to see if that CU did ANY SP's at all within the past 2 years (if you've been a member that long). Then look to see about the HP's they may have done. If you find ANY SPs from that credit union, you may have caught them in a lie, that all the pulls HAVE to be HP. Print the report (everything you can), and document what you've found, if in fact you find any discrepancies. Then log out of Experian. You're NOT going to dispute anything through them; this was simply a means to get to the detailed info that you want from EX.
This is actually the same basic information that you can also get from annualcreditreport.com, but for me, I've found that the EX report is more "readable" and seems to be a bit more detailed. You can also take a look through annualcreditreport.com to make sure information there matches information within the EX site. There shouldn't be any significant differences, but I've found some between the 2 reports.
IF you find that they have somewhere in the past done a soft pull, then you've got more ammo to go to someone in authority there and push the issue.