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Established Member
tekguy2k1
Posts: 11
Registered: ‎12-08-2008
0

BofA Secured Soft Pulls

Hello Everyone,

 

I opened a secured card with BofA at the end of March.  I deposited 300 for the initial CL.  I have been putting gas, small purchases, etc. on it and paying in full every week since I have had the card(the last month).  I pulled my reports tonight and the following appeared only on my TU:

 

BANK OF AMERICA
Requested On: 04/29/2013
PO BOX 982238 EL PASO, TX 79998 (800) 421-2110

BANK OF AMERICA
Requested On: 04/25/2013
4161 PIEDMONT PKWY 1825 E BUCKEYE RD GREENSBORO, NC 27410 (800) 451-6362

BANK OF AMERICA
Requested On: 04/07/2013
PO BOX 982238 EL PASO, TX 79998 (800) 421-2100

BANK OF AMERICA
Requested On: 03/25/2013
655 PAPER MILL ROA DE5-013-03-01 NEWARK, DE 19711 (302) 458-1448

 

 

Does anyone know why they would soft pull me so much?

 

Thanks!

Valued Contributor
dodgerslv
Posts: 1,841
Registered: ‎06-16-2012
0

Re: BofA Secured Soft Pulls


tekguy2k1 wrote:

Hello Everyone,

 

I opened a secured card with BofA at the end of March.  I deposited 300 for the initial CL.  I have been putting gas, small purchases, etc. on it and paying in full every week since I have had the card(the last month).  I pulled my reports tonight and the following appeared only on my TU:

 

BANK OF AMERICA
Requested On: 04/29/2013
PO BOX 982238 EL PASO, TX 79998 (800) 421-2110

BANK OF AMERICA
Requested On: 04/25/2013
4161 PIEDMONT PKWY 1825 E BUCKEYE RD GREENSBORO, NC 27410 (800) 451-6362

BANK OF AMERICA
Requested On: 04/07/2013
PO BOX 982238 EL PASO, TX 79998 (800) 421-2100

BANK OF AMERICA
Requested On: 03/25/2013
655 PAPER MILL ROA DE5-013-03-01 NEWARK, DE 19711 (302) 458-1448

 

 

Does anyone know why they would soft pull me so much?

 

Thanks!


I dont know how it was with others but i also noticed when i first opened my secured with BofA, same thing was happening right at the start (first few couple of months). Maybe they like to keep a close eye on people starting or rebuilding credit.


Cards: (Citi- 82.7k) (Chase- 65k)) (US Bank- 18k) (Amex- 22.5k) (Barclays-40k) (BofA- 68k) (Cap1- 49.5K) (WF- 11k) (Penfed- 22.5k) (Discover- 8k) (Sync/GE- 15.7k) (NASA- 30k) (Diners- 15k)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).





Moderator
Revelate
Posts: 9,731
Registered: ‎12-30-2011
0

Re: BofA Secured Soft Pulls

It's not uncommon when an account first is opened that a lender will do multiple SP's and watch far more closely than later when the consumer has proven themselves and the account is well established.

 

Several major lenders do this, it's not specific to BOFA, and nothing to be concerned about.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Established Member
tekguy2k1
Posts: 11
Registered: ‎12-08-2008
0

Re: BofA Secured Soft Pulls

Thank you for the reply.  I was just curious as I haven't had this happen before.

Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: BofA Secured Soft Pulls

I agree as long as your not having drastic changes in util and new baddies I would not worry at all about it.



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