topic Re: Difference between SP and HP in Credit Cards

Difference between SP and HP

pat0812 — Thu, 29 Jan 2015 19:42:11 GMT

Everybody knows that SP doesn't hit your score but what is the difference between the two?

When a CCC SP you they only get some information of you?
Why does AMEX SP on a second card and only HP once you are approved? If they approve you based on a SP why do they need to use a HP afterwards?

Hope someone can clarify me what is the difference in information the creditor sees in both ways

Re: Difference between SP and HP

Anonymous — Thu, 29 Jan 2015 19:50:37 GMT

@pat0812 wrote:
Everybody knows that SP doesn't hit your score but what is the difference between the two?

When a CCC SP you they only get some information of you?
Why does AMEX SP on a second card and only HP once you are approved? If they approve you based on a SP why do they need to use a HP afterwards?

Hope someone can clarify me what is the difference in information the creditor sees in both ways

I don't mean to be rude but this question gets asked quite often and can be found in the search function for the forum. There are lots of threads about the topic and they would be a good place to start:

http://ficoforums.myfico.com/t5/forums/searchpage/tab/message?q=Difference+between+sp+and+hp&filter=labels

Re: Difference between SP and HP

Anonymous — Thu, 29 Jan 2015 19:52:24 GMT

http://ficoforums.myfico.com/t5/General-Credit-Topics/What-does-a-lender-get-from-a-soft-pull/m-p/3713552#M199752