Frequent Contributor
Posts: 360
Registered: ‎02-20-2008

Lender Pulls

Are lender pulls always "hard pulls"?

Established Contributor
Posts: 505
Registered: ‎10-25-2012

Re: Lender Pulls

Typically, I believe so. Everyone I have had was a hard pull. I suppose it depends on the lender and the purpose though.

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Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Re: Lender Pulls

Mostly a hard pull, though I've applied for credit via a soft pull in the past. YMMV on the lender.

Posts: 12,952
Registered: ‎04-15-2011

Re: Lender Pulls

Almost always a HP for new credit.

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Mega Contributor
Posts: 18,442
Registered: ‎03-19-2007

Re: Lender Pulls

The only issue under the FDCPA is if the inquiry was permissible.  Application for new or additional credit always has express permissible purpose, as do reviews of accounts by your current creditors.  Two examples of every day permissible purpose that are treated differently based on practice, not statute or regulation.


The issue of hard vs soft is an administrative coding issue.  It is common practice that inquiries by your creditors to conduct a review of your account on their own, when not related directly to a consumer initiated request for new or additional credit, are coded as soft.  Creditors seem to comply with this practice.


Any inquiry that is based on a consumer initiated request for new or additional credit is fair game, and in my opinion should be, coded as "hard."

That is the primary intent of even including inquiries in consumer credit reports.... so others can see your attempts for addtional credit.

Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011

Re: Lender Pulls

+1 that was the best explanation I have see yet thanks Robert

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