Auto CLI's, soft inquiries, and option out

[valley_man0505]

When CCC's do internal reviews to determine if a CLI is appropriate, do they typically do soft inquiries, or do they only go off of their own records of your payment history, patterns, etc.?  If they do soft inquiries, are they even able to do this if you have opted out on your reports?

I am thinking about my Hooters card.  My account just turned 6 months old and my next statement should be coming out any day.  Each month for the past 4 months, I have run the card up to 90-95% of CL and the PIF right before the statement date, so the card has seen a lot of action.  However, I was told they only do internal reviews and I have opted out on my reports so I dont' know if they can even do this.

[FretlessMayhem]

Normally all banks have their different criteria for CLIs and such. For example, NFCU cares a lot about payment history, while Hooters likes to see a lot of usage on their card.

I'm not sure what the deal is with Hooters right now with the whole financial meltdown and all, but they love usage, so you might have a shot. 

[score_building]

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@valley_man0505 wrote:

When CCC's do internal reviews to determine if a CLI is appropriate, do they typically do soft inquiries, or do they only go off of their own records of your payment history, patterns, etc.? 

sometimes internal payment history, sometimes both at lenders discretion and it can vary by card holder.  As we say: YMMV.

 If they do soft inquiries, are they even able to do this if you have opted out on your reports?

freezing reports doesn't prevent current lenders from softing.

I am thinking about my Hooters card.  My account just turned 6 months old and my next statement should be coming out any day.  Each month for the past 4 months, I have run the card up to 90-95% of CL and the PIF right before the statement date, so the card has seen a lot of action.  However, I was told they only do internal reviews and I have opted out on my reports so I dont' know if they can even do this. you bet they can!  as can any of your current lenders.

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GL with the CLI!

[valley_man0505]

My new Hooters statement came out today--still no CLI My account turned 6 months old shortly before the statement date, so maybe next month will be the month.