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New Member
justanotherusername
Posts: 3
Registered: ‎08-26-2013
0

Can I dispute a hard inquiry from Macy's?

About a month ago, I went to a Macy's store at the local mall. When I was about to pay for the items that I wanted to buy, the clerk at the counter asked me if I wanted to apply for Macy's card. I thought sure why not. She asked for my social security number and she typed it on her computer or whatever. After a minute, she said that at that time I would not be able to get a Macy's card but I should check my mail within the next couple of weeks or so for an official approval or denial letter. Two weeks later and I receive a denial letter from Macy's due to me not having a high enough credit score. Two more weeks later, I found out that Macy's pulled a hard inquiry on my credit report, which brought my score down by 9 points (on freecreditreport.com). Will I be able to dispute the hard inquiry on my report by Macy's due to the fact that the clerk at the counter DID NOT inform me that Macy's was going to pull a hard inquiry? All she did was ask for my social number. Or was I just too dumb to give her my social security number? Thanks in advance!

 

(Sorry for the long post or if this question was already asked!)

Valued Contributor
wHiTeSoL
Posts: 1,063
Registered: ‎07-09-2013
0

Re: Can I dispute a hard inquiry from Macy's?

I think in this case you did give them permission to run your credit. You cant dispute a legitimate inquiry. Live and learn. :smileyhappy:


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New Member
justanotherusername
Posts: 3
Registered: ‎08-26-2013
0

Re: Can I dispute a hard inquiry from Macy's?

Oh well. It kinda sucks how they don't inform or warn you about the possibility of them pulling a hard inquiry on your credit report. I guess it's mostly my fault for not bothering to ask WHY the clerk would need my social.
Valued Contributor
takeshi74
Posts: 3,250
Registered: ‎06-05-2013
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Re: Can I dispute a hard inquiry from Macy's?

[ Edited ]

It's extremely rare that you can apply for any credit without a hard pull.  If you're going to assume then assume that there will be a hard pull.

Moderator
pizzadude
Posts: 9,674
Registered: ‎01-28-2010
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Re: Can I dispute a hard inquiry from Macy's?


takeshi74 wrote:

It's extremely rare that you can apply for any credit without a hard pull.  If you're going to assume then assume that there will be a hard pull.


+1.   Expect a hard inquiry anytime you apply for a card.

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Frequent Contributor
Kratos-TM
Posts: 429
Registered: ‎05-23-2013
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Re: Can I dispute a hard inquiry from Macy's?

Yep, I learned this one the hard way.......even though the Best Buy worker "insured" me it was a soft pull........................it was hard. :smileyindifferent:

 

Lesson I learned........always assume everyone is LYING when they tell you it's not a hard pull.

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Mega Contributor
RobertEG
Posts: 18,558
Registered: ‎03-19-2007
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Re: Can I dispute a hard inquiry from Macy's?

The entire purpose of FCRA 604 is to define types of permissible purposes that provide access to consumer credit reports without the need for specific consumer authorization.  Elsewise, the credit approval process would creep to a crawl.

 

A consumer-initiated request for credit or insurance is a clear permissiible purpose that does not require specific consumer authorization.

Valued Contributor
FinStar
Posts: 6,990
Registered: ‎10-21-2012
0

Re: Can I dispute a hard inquiry from Macy's?


pizzadude wrote:

takeshi74 wrote:

It's extremely rare that you can apply for any credit without a hard pull.  If you're going to assume then assume that there will be a hard pull.


+1.   Expect a hard inquiry anytime you apply for a card.


+2

 

The inquiry remains on your CR for 2 years.  For FICO scoring purposes, the inquiry effect only counts for 1 year.

Frequent Contributor
kimmiller112
Posts: 472
Registered: ‎04-09-2012
0

Re: Can I dispute a hard inquiry from Macy's?

If a store clerk asks you if you want to apply for a card and you say yes and give that clerk your information, you are giving them permission to pull your credit.  The store clerk has no obligation to tell you that it will be a hard pull.  It is up to you to know that an application for credit will result in a hard pull.

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