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New Contributor
Posts: 86
Registered: ‎10-29-2012
0

Apartment Application resulted in HP :(

So I'm getting married in January, and getting a new apartment with my wife-to-be then. When we applied for the apartment, they said they would run a credit check. I asked if it would be a HP or SP and the people didn't know what the difference was. They did say they were pretty sure it wouldn't hurt my credit score (which of course a HP does, temporarily), so I figured it might be a SP like what I've gotten when opening a checking account. Anyways, I just got an alert from CK saying I have a new HP on my TU report. I'm really hoping they didn't HP all 3 bureaus :smileysad:

 

Does this mean I have to restart my garden counter to 0? :smileywink:

Recent FICO scores: TU - 755 (mortgage lender pull)
Regular Contributor
Posts: 237
Registered: ‎06-27-2011
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Re: Apartment Application resulted in HP :(

My apartment was an HP on only one of the 3 bureaus. Almost all apartment applications result in a HP.


Starting: 563 | Current: 753 (Walmart TU 11/12) | Goal: 800 | Garden since: 01/15/2013

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Apartment Application resulted in HP :(

yep unfortunately apartments are all hardpulls, you might get lucky if you can document a credit report for them but that's depending on management, some are happy they're saving money. but usually requires you to do it in front of them as proof.

 

but a inquiry isn't the end of the world. although when you move to a new address a lot of banks red flags this on apps since it has a potential risk whenever you move for id theft or new cost of living etc. some car loans will red flag you for 2 years it's hard and retarded.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
Posts: 385
Registered: ‎02-06-2009
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Re: Apartment Application resulted in HP :(


Omri wrote:

Does this mean I have to restart my garden counter to 0? :smileywink:


From the Garden Club rules: "recognition levels reset once you add an account or incur a HP"

Welcome BACK to the Garden, Seedling! :smileyvery-happy:


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
01/06/2015 Current - TU 831 (Walmart MasterCard TU FICO 08 Classic)
GOAL - 800! - App free since 05/18/2015
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Apartment Application resulted in HP :(


brother7 wrote:

Omri wrote:

Does this mean I have to restart my garden counter to 0? :smileywink:


From the Garden Club rules: "recognition levels reset once you add an account or incur a HP"

Welcome BACK to the Garden, Seedling! :smileyvery-happy:


lol since he didn't apply for a new line of credit etc they should let him slide =p


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
New Contributor
Posts: 86
Registered: ‎10-29-2012
0

Re: Apartment Application resulted in HP :(

[ Edited ]

I guess it came as a surprise because (as far as I know), I've never been HPed for an apartment before.

 

If it *was* just on TU, that's fine though, because almost none of the cards in my recent app spree pulled TU (last year for EX/EQ/TU numbers were 4/5/2 before this)

Recent FICO scores: TU - 755 (mortgage lender pull)
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: Apartment Application resulted in HP :(

All my apartments have been HP, and boy do I like to move around...

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

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Frequent Contributor
Posts: 492
Registered: ‎07-24-2012
0

Re: Apartment Application resulted in HP :(

Apartment apps tend to fall into three categories:

 

- No fee, no credit report (these tend to be small owner-managed properties)

- App fee, credit report only if they have a suspicious feeling about you (same as above)

- App fee, credit report (most corporately-managed apartments, and an increasing number of owner-managers)

 

When they do pull a credit report, it has always been a hard pull in my extensive rental experience.  And it has always been on one and only one bureau.

 

In  the long run, not the end of the world.

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
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Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
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Re: Apartment Application resulted in HP :(

Apartment is not the only thing that will get you HP. Utility, cell phone, insurance, even applying for a job can get you a HP.

 

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Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
0

Re: Apartment Application resulted in HP :(

Congrats on your upcoming wedding! I also got hit with a HP the one time I rented an apt several years ago. Each time I renewed the lease thereafter, (1 year lease) it was a SP.

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