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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.