Frequent Contributor
Posts: 365
Registered: ‎07-16-2008
Re: myFICO Insider's Guide to 2010 credit card reform and new FHA mortgage rules

phillip18 wrote:
Since universal default is no allowed any more does that mean ones creditors will not be able to look at one's credit, or simple not suposed to?  Some (Amex) check every six months.  A credit freeze should now mean no soft or hard inq. 

As a creditor they can still pull your credit - to check if you continue to meet their "standards". They just can't look at late payments to jack your rate. I suppose it's possible that they can give you a credit line decrease though.