Ask Terry Questions Notified of an SBA inquiry on credit report

Notified of an SBA inquiry on credit report

By Terry Savage on August 07, 2020 | Wild Card

I live in Illinois and have bank and credit card accounts with Chase Bank. I received an email from Chase Credit Journey of a new inquiry on my credit report from “US SM BUS ADMIN ODA.” I am retired and not operating a small business of any kind. I checked my credit report with Experian and found out it was a “hard inquiry.” On the credit report I also saw a “soft inquiry” from STATE OF IL IDES/DEL.” I did not receive a Key Bank Debit card in the mail, but my spouse did (money was never loaded though and we called Key Bank to get the card cancelled and they noted the account for the future), also notified IDES but haven’t heard back. I guess I’ll have to freeze my credit. How do I found out if I have been involved in the IDES scam too since I only just found a soft inquiry from IDES on my credit report? Is there a way to find out if a bank account or loan in my name was taken out? Thanks in advance.

Terry Says

You need to contact the Small Business Administration right away! I just heard from someone else who saw that kind of inquiry – -and then learned that someone DID take out an SBA loan in his name! Please write back and let me know if this happened to you!

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