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I don't see much wrong with locking a report to avoid it being looked at. The only time I would consider it "manipulating" is if negative information is on some bureaus and you lock them to avoid it being discovered. The only time it would cross my mind is if I have a lot of inquiries and know the lender is sensitive to that. Experian lenders don't seem to care about inquiries, though.
People asking for late payments and negative accounts to be removed could be considered "manipulating", since the negatives are valid and should stay there.
@NJTurnpike wrote:they do have every right to pull 1 2 or 3 reports, with your permission. And you have every right to lock 1, 2, or all 3 reports and still apply for any card you want. This is not an ethical dilemna here. this a financial and business decision on both parties part. unethical would be akin to lying, such as putting bloated income on your app or applying for credit in someone else's name. let's keep the judgement calls to the definition of the words.
Your not understanding what I am saying.
Freezing reports was designed only to deter identity theft. You are therefor gaming/manipulating the system when you use it for any other purpose then to deter identity theft.
It's that simple. It is not illegal, no one is saying you can't do it. This forum does not advocate it or want other members suggesting it as it is being OK to do.
Not trying to be offensive to anyone but it is what it is. If you do this you are risking denial / triple pulled because the lender 90% of the time will think something is shady as to why your only allowing them 1 report. "Gardening" and "I dont want INQs on this report" are not acceptable answers to a lender.
so hypothetically, let's say i usually keep all my reports locked because I'm "scared" of identity theft. Then I say to myself, hey I want a BCP. Do I:
1. unlock all my reports then apply?
2. go to myFico, research which report they usually pull in my geography and unlock only that one?
If i do the second one, it's unethicial and I'm going to burn in the fires of hell?
Sorry for being facetious here, but really? does everyone HAVE to use products and services the way they were intended by businesses? I really can't take my tennis sneakers and use them for running?
I am almost certain there's nothing in the T&C of EX, TU, and EQ that says you can only lock because you fear identity theft.
@NJTurnpike wrote:so hypothetically, let's say i usually keep all my reports locked because I'm "scared" of identity theft. Then I say to myself, hey I want a BCP. Do I:
1. unlock all my reports then apply?
2. go to myFico, research which report they usually pull in my geography and unlock only that one?
If i do the second one, it's unethicial and I'm going to burn in the fires of hell?
Sorry for being facetious here, but really? does everyone HAVE to use products and services the way they were intended by businesses? I really can't take my tennis sneakers and use them for running?
I am almost certain there's nothing in the T&C of EX, TU, and EQ that says you can only lock because you fear identity theft.
Yes, this is what you should do.
We can agree to disagree. No one is saying your gonna burn in hell or whatever. It is unethical and if you cant grasp that you are absolutely welcome to do your own thing and everyone else is as well.
Good lord
@NJTurnpike wrote:so hypothetically, let's say i usually keep all my reports locked because I'm "scared" of identity theft. Then I say to myself, hey I want a BCP. Do I:
1. unlock all my reports then apply?
2. go to myFico, research which report they usually pull in my geography and unlock only that one?
If i do the second one, it's unethicial and I'm going to burn in the fires of hell?
Sorry for being facetious here, but really? does everyone HAVE to use products and services the way they were intended by businesses? I really can't take my tennis sneakers and use them for running?
I am almost certain there's nothing in the T&C of EX, TU, and EQ that says you can only lock because you fear identity theft.
I think part of the issue here is the sponsorship of this forum, playing tricks with CRs impacts the value of the whole scoring system, and this is why the "other board" cannot be named here, because they advocate methods that impact the integrity of the report (such things are only .1% of that board but.....). Whereas VR/mint etc, impacts only the issuers, so it's OK here!
@Cdnewmanpac wrote:I have no proof, but my guess is that TU is aggressively trying to recapture market share. About 15 years ago, nobody pulled EX. I remember my first mortgage broker told me the only inquiries he ever saw on EX were for mortgage triple pulls. Then EX lowered their prices and went after lenders aggressively for a few years. Now they are the most common CRA used by the major credit card issuers. EQ dominates the credit union market, but TU has become an "also ran". As more regional banks (that used to use TU) become part of national chains that use EX, TU is losing relevance. I'm guessing that's how CK is able to afford to offer free weekly pulls. I think that's also why we are seeing more EX+TU pulls. It must have gotten a lot cheaper.
Well, it varies! My Chase double pull was TU/EX, but the two Citi double pulls were EX/EQ.
LS2982 said:
"Thats considered to be manipulating the system here and unethical. Can also lead to a triple pull."
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Since when? Ive never heard of ethical problems with forcing a single pull by locking two. Whether that may risk a tri-pull is another matter. I have no experience in that.
@ztnjpv wrote:LS2982 said:
"Thats considered to be manipulating the system here and unethical. Can also lead to a triple pull."
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Since when? Ive never heard of ethical problems with forcing a single pull by locking two. Whether that may risk a tri-pull is another matter. I have no experience in that.
The bottom line is everyone here is free to do as they please but certain things on this forum is not to be suggested as ok or normal. Freezing reports with the intent to block lenders from pulling It is one of them. Ask the mods.
I cant believe im taking this much flack over this, it should be common sense