Regular Contributor
HindSight_20_20
Posts: 177
Registered: ‎06-03-2009
New House - but what's with the Security Companies?

‎01-17-2013 09:38 AM

Credit checks for a security system? :smileysurprised: Okay yeah I'm new to the whole home owner thing but I was surprised to learn that they actually needed to do a credit pull on me.  Does anyone have an idea as to weather or not this is a HP or SP? 

 

 

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I’ve found that I can "charge" WHATEVER I want…. Just not all at THE SAME TIME!*Last CC App 07/2010*
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llecs
Posts: 31,968
Registered: ‎08-04-2007
Re: New House - but what's with the Security Companies?

‎01-17-2013 01:42 PM

IME, ADT did a hard pull. EQ IIRC. I have a post in here somewhere with more details. Also ADT delegates the report pulls through their dealers, and is optional with each one.

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Valued Contributor
fishbjc
Posts: 2,806
Registered: ‎11-30-2007
Re: New House - but what's with the Security Companies?

‎01-22-2013 08:20 AM

I'm with a small agency, no pull at all.  They set up our work system and it's great.  They're in Cleveland, however.

EOS CCA, COX COMMUNICATIONS, MEDICAL, CURVES, CALVARY, GAS AND ELECTRIC COLLECTIONS....GONE

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Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012
Re: New House - but what's with the Security Companies?

‎01-22-2013 10:48 AM

I can imagine the logic for the pull involves the propensity for people with bad credit to be robbed more often or to recklessly set their own homes on fire with greater frequency.  In a nutshell, ADT presumes higher risk customers will use more services.  Thus, they should charge more.

 

Whether there is any correlation whatsoever between credit rating and use of security services, I'm not one to say.

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