topic Re: 2 INQs from apartment complex, who do I send non-PP to? in General Credit Topics

2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Mon, 17 Mar 2008 18:32:23 GMT

The apartment complex pulled my CR as a hard pull twice in two days. On my report it shows up as a company called SAFERENT who actually pulled the reports on behalf of the complex. Do I send a non-pp letter to the complex, or the company that actually pulled CR twice?

I went into the office, and they were of no assistance, and the secretary just stated that they may have had to double check something.... that doesnt even sound right? Couldnt they have done the double checking- if need be as a soft inquiry?

Re: 2 INQs from apartment complex, who do I send non-PP to?

1111mel — Mon, 17 Mar 2008 18:44:44 GMT

Since your credit was pulled for the same reason within a 14 day period, it only counts as one inquiry.

Re: 2 INQs from apartment complex, who do I send non-PP to?

MidnightVoice — Mon, 17 Mar 2008 18:47:30 GMT

1111mel wrote:
Since your credit was pulled for the same reason within a 14 day period, it only counts as one inquiry.

I believe that only applies to cars and mortgages.

I am not sure of the effect of landlord pulls

Re: 2 INQs from apartment complex, who do I send non-PP to?

ByrdMan — Mon, 17 Mar 2008 18:48:27 GMT

1111mel wrote:
Since your credit was pulled for the same reason within a 14 day period, it only counts as one inquiry.

This is only in the case of a mortgage and an auto loan (and they have to be coded as such in order to be de-duplicated).

What in the world would they need to double-check that they couldn't see on the first report? Makes no sense. I would send it to the complex first.

Re: 2 INQs from apartment complex, who do I send non-PP to?

KingAdrock — Mon, 17 Mar 2008 18:50:47 GMT

MidnightVoice wrote:
1111mel wrote:
Since your credit was pulled for the same reason within a 14 day period, it only counts as one inquiry.
I believe that only applies to cars and mortgages.
I am not sure of the effect of landlord pulls

Agreed. As I recall it's a 2 week period for car loans, 4 for mortgages.

But as I'm told landlord inqs don't really effect your score.

Re: 2 INQs from apartment complex, who do I send non-PP to?

ByrdMan — Mon, 17 Mar 2008 18:53:44 GMT

KingAdrock wrote:
MidnightVoice wrote:
1111mel wrote:
Since your credit was pulled for the same reason within a 14 day period, it only counts as one inquiry.
I believe that only applies to cars and mortgages.
I am not sure of the effect of landlord pulls
Agreed. As I recall it's a 2 week period for car loans, 4 for mortgages.
But as I'm told landlord inqs don't really effect your score.

That's b/c they are supposed to be soft inqs. But, if they are hard inqs they could affect the score.

Re: 2 INQs from apartment complex, who do I send non-PP to?

KingAdrock — Mon, 17 Mar 2008 19:00:30 GMT

ByrdMan wrote:
That's b/c they are supposed to be soft inqs. But, if they are hard inqs they could affect the score.

True, but my understanding was it doesn't effect your score much since it's not an application for credit. It's the landlord checking to see if you pay your bills or not.

Re: 2 INQs from apartment complex, who do I send non-PP to?

ByrdMan — Mon, 17 Mar 2008 19:03:17 GMT

A hard inq is a hard inq and will hurt regardless of who it comes from. Landlord inqs are supposed to be soft inqs (which is why it shouldn't hurt).

Re: 2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Mon, 17 Mar 2008 19:09:47 GMT

I dont know what they needed to double check either, doesnt make sense.. In my previous apartments, they have all been soft INQs, so this was new to me. I'll be sending them a non PP letter today.

Re: 2 INQs from apartment complex, who do I send non-PP to?

ByrdMan — Mon, 17 Mar 2008 19:19:57 GMT

Softs are cool. They don't hurt, even though it's still stupid that they softed you twice.

Re: 2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Mon, 17 Mar 2008 20:58:28 GMT

no, they did two HARD Inquiries.

I said previously all my apt apps were done through soft inqs.

Re: 2 INQs from apartment complex, who do I send non-PP to?

Lady_Scarlet — Mon, 17 Mar 2008 21:08:42 GMT

The apt complex has nothing to do with actually performing the INQs - contact SafeRent - they are the ones who fouled it up.

Re: 2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Mon, 17 Mar 2008 21:09:52 GMT

thank you Lady S :smileyhappy:

Re: 2 INQs from apartment complex, who do I send non-PP to?

Timothy — Tue, 18 Mar 2008 01:35:03 GMT

As far as scoreing is concerned - it will only be one FICO hit-

bacause of deduplication from the same puller-

acissej323 wrote:

thank you Lady S :smileyhappy:

Re: 2 INQs from apartment complex, who do I send non-PP to?

meJeff — Tue, 18 Mar 2008 01:45:04 GMT

From ex, concerning inqs:

Inquiries listed here are requests by lenders to view your credit report because you have applied for credit with them. Having many inquiries can hurt your FICO® score, because that might be a sign that you are in a financial situation where you need credit. A single inquiry, however, will have little impact on your score.

Three other kinds of inquiries do not affect your FICO® score and are not listed here. One occurs when lenders search for consumers that might qualify for pre-approved credit. Another occurs when you request to view your own credit report, such as when ordering products on myFICO. Other inquiries that do not affect your score are any inquiries used for purposes other than granting credit, such as an inquiry requested by a landlord. Note: In general, inquiries contribute to less than 10% of your FICO® score.

Re: 2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Tue, 18 Mar 2008 02:11:55 GMT

meJeff:

Three other kinds of inquiries do not affect your FICO® score and are not listed here. One occurs when lenders search for consumers that might qualify for pre-approved credit. Another occurs when you request to view your own credit report, such as when ordering products on myFICO. Other inquiries that do not affect your score are any inquiries used for purposes other than granting credit, such as an inquiry requested by a landlord. Note: In general, inquiries contribute to less than 10% of your FICO® score.

But I think that they are talking about soft inquiries, not hard inquiries.

Re: 2 INQs from apartment complex, who do I send non-PP to?

cowpaddi — Tue, 18 Mar 2008 02:18:58 GMT

Your landlord is granting you credit. They agree to provide you a product for which you agree to pay in the future. This is no different that an electric company providing you with electricity, which you pay for after you have received it.

Re: 2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Tue, 18 Mar 2008 02:21:50 GMT

cowpaddi, whether they are "granting me credit" doesn't give them the right for TWO hard inuiries in two days.

I hope Timothy is right( ofcourse he is:smileyhappy: ) because myfico says my inquiries are a negatvie factor- when theres only 3! two of them being from this.

And I dont see how only 3 inquiries in the past two years is that bad... but who understands Fico scoring anyway...

Re: 2 INQs from apartment complex, who do I send non-PP to?

ByrdMan — Tue, 18 Mar 2008 02:43:25 GMT

acissej323 wrote:
cowpaddi, whether they are "granting me credit" doesn't give them the right for TWO hard inuiries in two days.

I hope Timothy is right( ofcourse he is:smileyhappy: ) because myfico says my inquiries are a negatvie factor- when theres only 3! two of them being from this.

And I dont see how only 3 inquiries in the past two years is that bad... but who understands Fico scoring anyway...

I hope that Timothy is correct too, because they are neither a mortgage lender or an auto dealer/lender.

Re: 2 INQs from apartment complex, who do I send non-PP to?

acissej323 — Tue, 18 Mar 2008 02:45:54 GMT

I allready sent the letter out today, so I guess I will just have to wait and see what they say about it... thanks everyone though!