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Regular Contributor
MaRain
Posts: 185
Registered: ‎04-05-2013
0

Re: Regret a hard pull?

I regret apping for Amex Delta, BarclayCard Rewards and Citi Simplicity since I was denied for each, haha.

 

On the bright side, I was approved for Discover It, Chase Freedom, GE PayPal MC, Bill Me Later and already had a Cap 1 card. 

Finally made it at least 11 months without an app!! In the garden until October 2014. Last app 9/16/13 (approved)



Starting Score: EQ 457, EX 424, TU 511 (FAKOS as of 4/27/12)
Current Score: EQ 643, EX 627, TU 678 (FICO pulled by dealership on 9/16/13)
Goal Score: EQ 700, EX 700, TU 720 (for now)


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Valued Contributor
maiden_girl
Posts: 2,102
Registered: ‎12-29-2011
0

Re: Regret a hard pull?

Terrified of HPs? No way. The affect is only temporary. I have 37 HPs on EX. 26 on TU and 12 on EQ. Lenders LOVE my EX report. Haha.  Last HP July 2013 :smileyhappy:

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Frequent Contributor
hutchj
Posts: 387
Registered: ‎06-15-2013
0

Re: Regret a hard pull?

I app'd for the Amazon store card during a spree and then immediately closed it because I had  heard a few horror stories about how payments weren't posting and it was causing late payment issues. So I really regret that HP because it was a waste of an HP, but it should stop hurting my score this Sept.

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

Re: Regret a hard pull?

My only regret about having a high number of hard pulls and new accounts is that it makes my auto insurance score go down, making my insurance cost more. That's what really put me back into gardening.

Valued Contributor
maiden_girl
Posts: 2,102
Registered: ‎12-29-2011
0

Re: Regret a hard pull?

^You could have kept is open and not used it :smileyhappy: I still have mine. I just don't use it. I don't like that they don't send you a card so I don't know my account number to pay the bill if ever charged.

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Super Contributor
longtimelurker
Posts: 6,824
Registered: ‎04-22-2013
0

Re: Regret a hard pull?


maiden_girl wrote:

^You could have kept is open and not used it :smileyhappy: I still have mine. I just don't use it. I don't like that they don't send you a card so I don't know my account number to pay the bill if ever charged.


One of my banks DID stop sending me a card (they sent a letter saying that they weren't going to).  I assumed they would close the account but no.  Every now and then they send me convenience checks.   It was opened in 1989, and amazed me by giving 1% on all purchases, which was very unusual then.   Now, not so valuable.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi Double Cash, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 848 (Sep)
Regular Contributor
Bay_Area_Joe
Posts: 243
Registered: ‎10-05-2012
0

Re: Regret a hard pull?

I only regret the HP's on my EX as that is what most prime CC's use.

If I had only know of MyFico Forums back then(2 years ago).  Just did not understand how everything works.  I wasted many HP's by just not being informed.

 

TU and EQ are really not an issue based on my geographic location.  It seems Amex, Citi, and Chase all use EX out west.

 

Now with more knowledge I understand.

 

But, where I am right now with all my CC's, my biggest regret to all my accounts is the AAoA being dragged down.

 

I reserve all future EX HP's to Amex, due to backdating advantage.

 

What I have also learned is I pretty much have maxed out all my CL's based on my income.

 

So, really nothing but time will help.

 

This forum is the BEST.......

$ 197,650 IN TOTAL CREDIT LINES.
MyFICO EQ 777 on 9/3/13 , MyFICO TU 787 on 9/3/13, MyFico EX Score 771 on 8/27/13
Pen Fed Visa 19k, Pen Fed LOC 20k, Citi Hilton Honors 15k, Chase Sapphire Preferred 19.9k, Citi MC Diamond Preferred 12.2k, Chase Marriott PR Sig Visa 12k, Chase Priority 5k, Sams Discover 20k, Amex Hilton Surpass 2k, BofA Hawaii 5k
Discover More 16.25k, Chase Southwest Visa 3.5k, Wells Fargo LOC 10k,
B of A Visa 20k, Wells Plat Visa 6.7k RC Willey 5k Discover IT 4k AMEX TE 2k
Valued Contributor
FinStar
Posts: 5,426
Registered: ‎10-21-2012
0

Re: Regret a hard pull?


longtimelurker wrote:

Guyatthebeach wrote:

Yes I have regrets about all the hard pulls I have done this year. I was back in the garden as of August 1st and plan on staying there for a long time.

 

I have decided I'm not asking for a CLI due to the hard pulls. If the CC companies want to do soft pull for CLI's, I'm fine with that.


Right, just depends on your goals.  For those with "enough" CL (and so CLIs are just for "Mine is bigger than yours" type stuff) it makes more sense to use HPs to get cards with sign-up bonuses.   And while soft-CLIs are possible with many lenders, you don't really get new cards via SP, so reserving HP for those is a good strategy.


+1

 

Never had an HP that I regretted.

Frequent Contributor
koalablue
Posts: 345
Registered: ‎05-23-2012
0

Re: Regret a hard pull?

I regret the two HPs I have for Citi - one last year and one this year - because they denied me for their cards.  I hate wasting HPs, but it was my choice to apply.

Valued Contributor
maiden_girl
Posts: 2,102
Registered: ‎12-29-2011
0

Re: Regret a hard pull?


koalablue wrote:

I regret the two HPs I have for Citi - one last year and one this year - because they denied me for their cards.  I hate wasting HPs, but it was my choice to apply.


Most of my HPs are from Citi and I always get denied! I have excellent credit and no collections. I don't know what kind of scoring scale they use but I see people with collections and judgments getting approved all the time!

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)







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