topic Re: Hard/Soft Pull in Credit Card Applications

Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 00:04:48 GMT

Hello so back in 2007 I burned am-ex, chase and citi for over 100000 total in cc debt. After 7 years of dodging collections calls and letters I no longer have any collections on my ck reports nor are there any collections on any of my cra on myfico and scores are 705 with eq 700 ex and 690 with TU. I have a barclays, discover student, 3 cap one cards, total rewards visa and an fnbo am ex along with 8 inquiries on reports. So I am really curious to see if this citi double cash offer in my hands is legit or if I should try chase or amex and whether or not it would be soft or hard pull based on past relationships with them. Anybody know for sure ? Of the three which one should I check for curiousity and which would be soft pull if in fact they take my history with them in major consideration?

Re: Hard/Soft Pull

chalupaman — Sun, 15 Mar 2015 00:34:01 GMT

@Anonymous wrote:
Hello so back in 2007 I burned am-ex, chase and citi for over 100000 total in cc debt. After 7 years of dodging collections calls and letters I no longer have any collections on my ck reports nor are there any collections on any of my cra on myfico and scores are 705 with eq 700 ex and 690 with TU. I have a barclays, discover student, 3 cap one cards, total rewards visa and an fnbo am ex along with 8 inquiries on reports. So I am really curious to see if this citi double cash offer in my hands is legit or if I should try chase or amex and whether or not it would be soft or hard pull based on past relationships with them. Anybody know for sure ? Of the three which one should I check for curiousity and which would be soft pull if in fact they take my history with them in major consideration?

Dude, you burned those three lenders for a ton of money. Why would they let you back in right away after all of that? Why did you take on that much debt in the first place? I'm surprised that you were able to get any credit after burning those banks for a 1/10th of a million dollars and never paid them back so I think they'd all be pretty mad even now. I have heard of people who have been able to get back in with Amex but it took them a really long time before that happened BTW.

Chase especially never forgets. They have a memory of an elephant. Citi's the same too and likewise with Amex. Just accept that you made some serious mistakes in the past and move on. Even if you do ever try to apply for any of those again, you'll have a lot to answer for and they will most likely result in denials for good reason.

Re: Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 00:26:28 GMT

And they will all be hard pulls

Re: Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 03:15:28 GMT

some other people on the baords have said its a soft pull

Re: Hard/Soft Pull

Aarvard — Sun, 15 Mar 2015 03:25:42 GMT

@Anonymous wrote:
some other people on the baords have said its a soft pull

It is a SP if you are a current Amex memebr.

Re: Hard/Soft Pull

gdale6 — Sun, 15 Mar 2015 19:58:28 GMT

I would write off all 3 of them unless you are prepared to PIF the prior COs.

Re: Hard/Soft Pull

chalupaman — Sun, 15 Mar 2015 20:00:02 GMT

@gdale6 wrote:
I would write off all 3 of them unless you are prepared to PIF the prior COs.

That's what I'd also do if I were the OP if he really still wanted to have cards with them. I don't think they'd let him off the hook just like that.

Re: Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 23:16:24 GMT

What do you mean write them off unless prepared to PIF? prior charge offs. Sorry I am somewhat new to this terminology.

Re: Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 23:20:44 GMT

@Aarvard wrote:
@Anonymous wrote:
some other people on the baords have said its a soft pull
It is a SP if you are a current Amex memebr.

Only if you are denied. If you are approved, then it is a HP.

Re: Hard/Soft Pull

gdale6 — Sun, 15 Mar 2015 23:55:07 GMT

@Anonymous wrote:
What do you mean write them off unless prepared to PIF? prior charge offs. Sorry I am somewhat new to this terminology.

PIF is pay in full http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Guide-To-Common-Abbreviations/m-p/224988?jump=true

Re: Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 23:57:30 GMT

As others have already noted, you have a snowball's chance at this point.

Re: Hard/Soft Pull

Anonymous — Sun, 15 Mar 2015 23:58:50 GMT

@Anonymous wrote:
Hello so back in 2007 I burned am-ex, chase and citi for over 100000 total in cc debt. After 7 years of dodging collections calls and letters I no longer have any collections on my ck reports nor are there any collections on any of my cra on myfico and scores are 705 with eq 700 ex and 690 with TU. I have a barclays, discover student, 3 cap one cards, total rewards visa and an fnbo am ex along with 8 inquiries on reports. So I am really curious to see if this citi double cash offer in my hands is legit or if I should try chase or amex and whether or not it would be soft or hard pull based on past relationships with them. Anybody know for sure ? Of the three which one should I check for curiousity and which would be soft pull if in fact they take my history with them in major consideration?

@Anonymous,

Since those were charged off, if you apply, it will be a Hard Pull as technically you don't have an account with them. That amount is huge and I don't see Chase and Amex over looking it and giving you a new card. They have long long memories...

So unless you are able to pay or negotiate a deal to pay, it will be a while for you to get in with them..

Re: Hard/Soft Pull

Anonymous — Mon, 16 Mar 2015 03:36:35 GMT

Amex is a SP if denied for prior relationship. No harm testing every 6 months or so until you get a HP. Once you get hard pulled and denied it is your profile that is stopping you from getting the card. Review the denial notice and work on fixing those issues. Most won't be allowed back for 10+ years after BK YMMV.

Others I "think " are hard pulls.

Good luck!

Re: Hard/Soft Pull

CreditCuriosity — Mon, 16 Mar 2015 14:29:30 GMT

If someone burned your for 100k and they never payed you back, would you loan them money again? Didn't think so.. Not going to happen unless you pay any of the above lenders off and then they might reconsider. Just like if someone paid you back 100k then you might consider loaning them again, but you would be alot more cautious.

Re: Hard/Soft Pull

Kostya1992 — Mon, 16 Mar 2015 14:34:38 GMT

Why is everyone attacking the OP? He asked a valid question. There is no need to worry about the multi-billionaires, I am sure they all recieved insurance money.

OP, I would try the pre-approval tools and see what they say. Your AMEX app should be soft.

Re: Hard/Soft Pull

Anonymous — Mon, 16 Mar 2015 14:35:30 GMT

Took American express 11 years to give me any credit card, and I didn't even burn them, just couldn't pay the whole amount on charge card.
You are always welcome to try apply, they won't hard pull unless you try for 5 different cards at once.

Re: Hard/Soft Pull

Anonymous — Mon, 16 Mar 2015 14:42:04 GMT

@Kostya1992 wrote:
Why is everyone attacking the OP? He asked a valid question. There is no need to worry about the multi-billionaires, I am sure they all recieved insurance money.

OP, I would try the pre-approval tools and see what they say. Your AMEX app should be soft.

No one is attacking OP. People are just given and answering his questions..

Re: Hard/Soft Pull

Anonymous — Mon, 16 Mar 2015 16:08:20 GMT

@Kostya1992 wrote:
Why is everyone attacking the OP? He asked a valid question. There is no need to worry about the multi-billionaires, I am sure they all recieved insurance money.

OP, I would try the pre-approval tools and see what they say. Your AMEX app should be soft.

No one was attacking the OP as far as I can tell. Sometimes they have to be told the truth about their chances. Realistically given his situation the chances of either 3 approving him without paying off the charge offs are very slim. Is it better to tell someone to go ahead and apply and take unnecessary HPs if their situation doesn't warrant it?

Re: Hard/Soft Pull

Anonymous — Tue, 17 Mar 2015 03:36:21 GMT

Ahh well I didnt have the money 7 years ago nor do I have that much money to get back in their good graces . We live and learn. I should be happy with where I am today with 3 Capital One Cards,Barclays MC, Discover it Student, Total Rewards Visa,FNBO Am Ex, Walmart and Target Store Card. Thanks to all of you for being on this site.I guess I am back in garden for a bit.

Re: Hard/Soft Pull

bch238 — Tue, 17 Mar 2015 11:15:21 GMT

Don't confuse honesty with an attack. The OP has zero chance of getting in with those three lenders.

@Kostya1992 wrote:
Why is everyone attacking the OP? He asked a valid question. There is no need to worry about the multi-billionaires, I am sure they all recieved insurance money.

OP, I would try the pre-approval tools and see what they say. Your AMEX app should be soft.