topic Re: Question about hard pulling cr in General Credit Topics

billmelater

Anonymous — Tue, 21 Apr 2009 16:59:37 GMT

I've been wanting to try billmelater, but i little curious how it would impact my credit score. I currently have 711 EQ and im wondering, if I try billmelater would it decrease my credit score? if so how many points do you think it could go down?

thanks

Message Edited by gr2gztch on 04-21-2009 09:52 AM

Message Edited by gr2gztch on 04-21-2009 09:59 AM

Re: Question about hard pulling cr

smallfry — Sun, 19 Apr 2009 18:04:23 GMT

@Anonymous wrote:
I've been wanting to try billmelater, but i little curious how it would impact my credit score. I currently have 711 EQ and im wondering, if I try billmelater would it decrease my credit score? if so how many points do you think it could go down?

thanks

They do a hard pull to open the account. Can anyone know for sure if they won't pull hard for each purchase? I would avoid.

Re: Question about hard pulling cr

Anonymous — Sun, 19 Apr 2009 18:12:36 GMT

I won't be doing this mcuh at this time its a one time purchase. I am trying to get a car, so I am concerned if this will decrease my credit score a lot.

Re: Question about hard pulling cr

Anonymous — Tue, 21 Apr 2009 16:40:04 GMT

so I applied and got approved with this, but today I received a score watch alert. my credit score dropped 16 points, because of the hard pull for the account. How long will this affect my credit score?

Re: Question about hard pulling cr

Anonymous — Tue, 21 Apr 2009 18:38:16 GMT

The inquiry will count against scoring for 1 year.

Re: Question about hard pulling cr

Anonymous — Wed, 22 Apr 2009 19:10:42 GMT

I haven't used my Billmelater account in a few years due to the fact they pulled a hard inq every time I used it. Their resoning is I only used it once every 2-4 month so they wanted to make sure my credit was still ok.

Message Edited by JR2475 on 04-22-2009 12:10 PM

Re: Question about hard pulling cr

Anonymous — Wed, 22 Apr 2009 19:24:01 GMT

I just recently went through billmelater to get a Apple computer a year ago and Im trying to get rid of this account only because their APR rates are WAY higher then my credit card but as much as I want to get rid of this account...I need it to age as well so it looks good on my credit file! Imo, I would not use them again only in my case because if the higher APR percentage...

Re: billmelater

Anonymous — Wed, 22 Apr 2009 20:29:45 GMT

Wow...16 points for one inquiry is a lot!

Re: Question about hard pulling cr

Anonymous — Wed, 22 Apr 2009 20:59:39 GMT

im kinda thinking that may something else was reported, but the score alert didnt inform me. 16 points seems a little bit extreme for a hard pull. Justin33 from what I've read they do not report anything to the cra, so keeping the card wouldnt make a difference.