Credit Cards

[athensguy]

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ByrdMan wrote:
sly and guy, they see all of the information on a soft pull.

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Doesn't it depend on what kind of soft pull they get? If it's one of your creditors and they do an AR, they see it all, but if it's a PRM pull, then all they get is whether you meet some criteria, name and address, no?

[ByrdMan]

Yep, erchambers, you are correct. I was giving the abbreviated version mainly for sly.

[Soviyana]

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ByrdMan wrote:
sly and guy, they see all of the information on a soft pull.

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So all these banks/issuers have the *option* of making a credit decision without doing a hard-pull; they have all the information they need - but choose to do a hard?

Hmmmmmmm.

[athensguy]

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Soviyana wrote:

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ByrdMan wrote: sly and guy, they see all of the information on a soft pull.

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So all these banks/issuers have the *option* of making a credit decision without doing a hard-pull; they have all the information they need - but choose to do a hard?

Hmmmmmmm.

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Really, the only thing that is not optional about credit reporting is that *if* you decided to report, you should do it accurately. They don't have to pull credit to give you an account, but if they choose to do so, they can choose how to pull as long as they have PP, and they don't have to report your account, but if they choose to do so, they should do it accurately.

[ByrdMan]

The pullers of credit have agreed with the CRAs that they will report when you the credit seeker are seeking credit. This is just a way for the potential creditors to be put on alert that you are seeking credit, as it is part of the FICO scoring formula. That's why you get dinged for INQs.