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11-07-2013 11:28 AM
....they cant grant a CLI?
Every 3 months, I have CC companies doing a SOFT PULL on my reports. Yet, if I requsst a CLI, Im told they need to do a HARD PULL.
So what information do they gather in a SOFT PULL? And, if it doesnt give them a recent snapshot of my credit profile, then WHY PRAY TELL do it?????
11-07-2013 11:40 AM
A soft inquiry from an existing creditor for AR (Account Review) sees everything except other soft inquiries. That information is scorable.
A soft inquiry for promotional purposes is different. They don't normally look at a report. They simply pay the CRA to give them a file with names and addresses of potential customers that meet their set of requirements. It may have some additional info.
11-07-2013 12:41 PM - edited 11-07-2013 12:42 PM
Technically they can. It would be their choice for a HP.
Some use a SP, some a HP.
There are different codes for HP and if they actually extend credit, such as a CLI, they are probably using that code.
11-11-2013 06:45 PM
A hard pull is for the pursuit of new credit like a CLI and soft pull is for credit pulls that are for the pursuit of new credit like an account review or a consumer pulling their own credit report.