General Credit Topics

[Omri]

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

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

[CotySinz]

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

[distantarray]

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.

[brother7]

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Omri wrote:

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

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

Welcome BACK to the Garden, Seedling! 

[distantarray]

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brother7 wrote:

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Omri wrote:

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

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

Welcome BACK to the Garden, Seedling! 

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

[Omri]

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)

[Repo-ed]

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

[TheConductor]

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.

[trumpet-205]

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.

[Epcot]

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.