topic Re: What's an HP? in Credit Cards

What's an HP?

Anonymous — Thu, 26 Feb 2015 20:41:35 GMT

What's an HP? I'm new to the terms and abbreviations and the only thing I know about an HP is the deskjet.

Re: What's an HP?

Anonymous — Thu, 26 Feb 2015 20:42:24 GMT

HP is a hard pull. A hard inquiry on either of your 3 credit reports.

I agree, we really need a thread stickied for all the acronyms thrown out on the forums.

Re: What's an HP?

SunriseEarth — Thu, 26 Feb 2015 20:44:48 GMT

@Anonymous wrote:
HP is a hard pull. A hard inquiry on either of your 3 credit reports.

I agree, we really need a thread stickied for all the acronyms thrown out on the forums.

There is one under "Helpful Threads," but it may not be easy for some members to find; see NewGuy's post below for the link.

We do use a lot of abbreviations around here!

Re: What's an HP?

-NewGuy- — Thu, 26 Feb 2015 20:44:02 GMT

Ask and ye shall receive...

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

Re: What's an HP?

Anonymous — Thu, 26 Feb 2015 20:48:58 GMT

HP= Hard Pull also known as a hard inquiry.. When a potential creditor checks your credit, they use either a hard pull or a soft pull. Both give the credit the same information but the hard pull impacts your credit score and can cause a credit score to drop. These hard pulls need to be limited as much as possible but almost always will occur when you apply for new credit. The soft pulls are usually creditors checking on your file either to potentially offer you credit or monitor the credit that they have already given you. Hope this helps.

Re: What's an HP?

Anonymous — Thu, 26 Feb 2015 21:53:37 GMT

@Anonymous wrote:
What's an HP? I'm new to the terms and abbreviations and the only thing I know about an HP is the deskjet.

Hard pull

and here you go

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Guide-To-Common-Abbreviations/td-p/224988

Re: What's an HP?

Stralem — Thu, 26 Feb 2015 22:02:21 GMT

No one went for the obvious computer joke?

Get it together, guys.

Re: What's an HP?

Anonymous — Thu, 26 Feb 2015 23:48:58 GMT

Hard Pull

Re: What's an HP?

Anonymous — Fri, 27 Feb 2015 03:18:39 GMT

Ikr Stralem??! I thought it was neat. Thanks for the info guys!