03-14-2013 07:31 PM
03-14-2013 07:37 PM
Any request for credit is considered permissable purpose. The fact that you clarified in the email that you only want a soft pull doesn't matter. Once a request for credit is initiated by the consumer, the creditor reserves the right to do a hard inquiry if they so desire. Unfortunatley, that is how the law is set up and you will have an impossible time trying to remove this inquiry.
I am writing this having been in your shoes before. I definitely know how fustrating it feels. My best advice to you is to learn from this and just let the inquiry age off. You got the increase so the inquiry wasn't totally in vain. You have to choose your battles in life. I don't think this one is worth it.
03-14-2013 07:38 PM
03-14-2013 07:40 PM
03-14-2013 08:14 PM
The phrasing of your words. You can be honest and express your opinion without suggesting someone 'STFU'
Again, just MO.
Sorry 09Lexie if I don't meet your "politically correct" phrasing, but the sentiment remains the same. I am not a politically correct person, and never will be. I was being honest, based on experience. The damage that hard pulls create on credit reports is overrated unless you have many of them. To dispute a single inquiry is ridiculous, as it has no real effect on FICO scoring. Whether a single inquiry prevents someone from getting the TL or CLI that they "feel" they deserve is a falacy. There are reasons that creditors do what they do, or don't do, and people need to get used to that fact, and stop complaining about it.
03-14-2013 08:30 PM
03-14-2013 09:00 PM - edited 03-14-2013 09:04 PM
My comments were directed to your tone. We are all on this forum for honest opinions. It is in the way you phrased yours.
As for the subject of HP vs Cli- I agree that if you ask for an increase, term reduction or better APR- it is at the lenders' discretion and more often than not it will result in a HP.
Sorry for any typos I'm on my phone
Pardon my "tone". I "phrased" it in the most honest straightforward way I know how to do. "Tone" doesn't matter to creditors - everything is a hard calculation, and if you don't meet it, then all of the "tone" and "intentions" and "feelings" don't matter. Credit, and the seeking of, accumulation of, and use of, is a matter of numbers and predictive formulas. Why sugarcoat the obvious? Why would I not tell it how I see it, and have experienced it for 40+ years? So, if I offended your sensibilities, I apologize, but it doesn't change the facts. If, in the future, if you have a prefferred way I should communicate, then please IM me, and I'll consider it. Being supportive and helpful has no meaning without truth, however harsh the reality may be, IMO.
03-14-2013 09:23 PM