topic Re: credit union inquiry problem in General Credit Topics

credit union inquiry problem

Anonymous — Thu, 01 Jan 2009 23:19:43 GMT

I signed up for a account with a credit union and I asked up front if they were going to pull my credit. The man assured me that it will only be a soft pull. But when I looked at my report it shows as inquiry and lists it with others as "inquiry's affecting my score". I thought soft pulls don't show on reports?

Re: credit union inquiry problem

llecs — Thu, 01 Jan 2009 23:29:32 GMT

Soft inquiries show on the reports as pulled directly from the CRA. You won't find soft inquiries on reports from third party providers like myFICO, TC, CCT and others.

Which report did you look at? Maybe the CU rep misspoke.

Re: credit union inquiry problem

Anonymous — Thu, 01 Jan 2009 23:32:11 GMT

hey NAMESSUCK,

The same thing happened to me. I called chase for credit limit increase.i asked the csr if he is gonna do a hardpull,he said no it will be a soft pull.but when i later check my report it was a hardpull.

So what you have to do is call the creditunion which did that hardpull on you and tell them to delete the inquire beacause they told they were gonna do a softpull but not a hard pull. if they don't delete that just write a letter to the three credit agencies and dispute that inquire.

EXP= 706 TRA=642 EQU=619

Re: credit union inquiry problem

Anonymous — Thu, 01 Jan 2009 23:34:04 GMT

it was experian on this site. Its just I asked him specificaly I dont want a hard pull because of my score possibly dropping. The inquiry is listed along with others like credit card inquiry's and stuff.

Re: credit union inquiry problem

llecs — Thu, 01 Jan 2009 23:40:03 GMT

mandela wrote:
if they don't delete that just write a letter to the three credit agencies and dispute that inquire.

I wouldn't do that. The CRAs could place a FA on the reports. They will often see the inquiry as an unauthorized attempt to apply using your info and place the FA out of an abundance of caution. Moreover, there are examples in here of complete TLs being closed by a lender (doesn't really apply here) because they will get notice of a FA by the CRAs.

Re: credit union inquiry problem

smallfry — Fri, 02 Jan 2009 00:43:53 GMT

@llecs wrote:
@Anonymous wrote:
if they don't delete that just write a letter to the three credit agencies and dispute that inquire.

I wouldn't do that. The CRAs could place a FA on the reports. They will often see the inquiry as an unauthorized attempt to apply using your info and place the FA out of an abundance of caution. Moreover, there are examples in here of complete TLs being closed by a lender (doesn't really apply here) because they will get notice of a FA by the CRAs.

Agree. Disputing inquiries is not a good idea in most circumstances. In this case I would let it ride. Utilities and the like I might try.

Re: credit union inquiry problem

GFer — Fri, 02 Jan 2009 01:59:48 GMT

Agreed. And really, if you ask about 80% of the people in the forums, they'll tell you the reps/csr's rarely know what they are talking about when it comes to soft/hard inquiries. And my intentions are not to bash these folks. It's just that the companies rarely educate them as to whether they are soft/hard inquiries.