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New Contributor
Tempted2Pull
Posts: 67
Registered: ‎05-29-2009
0

Hard Inquiry

I got a hard inquiry after increasing my secured card limit. Is this normal?

Starting Score {July 30,2012}: TU 586 EQ 535 EX 583
Current Score: My Fico EQ 635 Walmart TU08 640 MyFico TU04 682 My Fico EX 628 (lender pull 09/12)
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Established Contributor
bahbahd
Posts: 731
Registered: ‎08-12-2011
0

Re: Hard Inquiry

[ Edited ]

Depends on who the secured card is through. Some secured card providers do a HP.

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Hard Inquiry

Need more information.  Did you get a HP from your secured card provider after you made the increase?  To my knowledge, this is not of the norm.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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New Contributor
Tempted2Pull
Posts: 67
Registered: ‎05-29-2009
0

Re: Hard Inquiry

[ Edited ]

The card is from bank of america, I got an alert today for the hard inquiry from yesterday. The same day I made the increase. called customer service and asked why. the rep said everytime we extend you credit, we have to hard pull your report. I told them you're not extending me credit, im increasing my own limit on a secured card. 


Starting Score {July 30,2012}: TU 586 EQ 535 EX 583
Current Score: My Fico EQ 635 Walmart TU08 640 MyFico TU04 682 My Fico EX 628 (lender pull 09/12)
Road 2 Recovery: Patience - Persistence - Perseverance

Goal Score: 700+


Take the FICO Fitness Challenge
Established Contributor
bahbahd
Posts: 731
Registered: ‎08-12-2011
0

Re: Hard Inquiry

BoA was the first one I thought of when you said a secured deposit required a hard pull.

Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: Hard Inquiry

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

Get those baddies removed!!!
Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
0

Re: Hard Inquiry

Remember not to get a BoA Secured card. Check.



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