topic Re: Possible to get new HP while all credit reports frozen? in General Credit Topics

Possible to get new HP while all credit reports frozen?

yourficouser — Mon, 22 Jul 2019 03:55:44 GMT

Sorry if this is a dumb question - is it possible to get a new hard pull when one has all 3 credit reports frozen?

Thank you!

Re: Possible to get new HP while all credit reports frozen?

Brian_Earl_Spilner — Mon, 22 Jul 2019 04:39:12 GMT

No. That's the whole point of freezing your reports. If you get one, it wasn't frozen.

Re: Possible to get new HP while all credit reports frozen?

yourficouser — Tue, 23 Jul 2019 16:40:20 GMT

@Brian_Earl_Spilner wrote:
No. That's the whole point of freezing your reports. If you get one, it wasn't frozen.

I see. What about a lender with whom you have an existing relationship?

For example, if I have a Citibank credit card and apply for another Citibank credit card while all 3 of my credit reports are frozen, they cannot do a hard pull?

Re: Possible to get new HP while all credit reports frozen?

KLEXH25 — Tue, 23 Jul 2019 17:00:06 GMT

Is there a reason that you would do that? Because it’s not a way to get around getting a hard pull. Your application just won’t go through. They’ll see that they can’t access your credit reports and ask you to unfreeze them.

Re: Possible to get new HP while all credit reports frozen?

yourficouser — Tue, 23 Jul 2019 22:55:11 GMT

@KLEXH25 wrote:
Is there a reason that you would do that? Because it’s not a way to get around getting a hard pull. Your application just won’t go through. They’ll see that they can’t access your credit reports and ask you to unfreeze them.

I'm not planning on doing that. I just wanted to know what would happen - whether they could still do a hard pull in that situation or not.

Re: Possible to get new HP while all credit reports frozen?

Remedios — Wed, 24 Jul 2019 01:48:29 GMT

No, they cant pull in that situation, but again, dont apply with freeze in place.

Re: Possible to get new HP while all credit reports frozen?

yourficouser — Wed, 24 Jul 2019 02:45:25 GMT

@Remedios wrote:
No, they cant pull in that situation, but again, dont apply with freeze in place.

Got it. Thanks so much for your comments.

In that case, wouldn't it be useful to keep your reports frozen when requesting a credit limit increase, as you would know for sure that there would not be a hard pull?

Or is this a different situation where they could do a hard pull in some way?

Thanks!

Re: Possible to get new HP while all credit reports frozen?

KLEXH25 — Wed, 24 Jul 2019 03:14:04 GMT

I suppose that’s one way to ensure that a CLI won’t result in a HP. If it’s truly frozen, there should be no way around that. It’s for your protection.

Re: Possible to get new HP while all credit reports frozen?

Remedios — Wed, 24 Jul 2019 03:44:00 GMT

@yourficouser wrote:
@Remedios wrote:
No, they cant pull in that situation, but again, dont apply with freeze in place.
Got it. Thanks so much for your comments.

In that case, wouldn't it be useful to keep your reports frozen when requesting a credit limit increase, as you would know for sure that there would not be a hard pull?

Or is this a different situation where they could do a hard pull in some way?

Thanks!

If HP is required for CLI, you have to unfreeze, regardless of existing relationship with the lender

As far as soft CLI, some will not entertain it while CRs are frozen, while others have received them.

I guess that would be lender specific.

If HP is required for any reason, it's not a "different situation". The whole purpose of freeze is to prevent new accounts/HPs and as a result, HPs are not possible while freeze is in effect even when new account situation is not applicable.

Re: Possible to get new HP while all credit reports frozen?

yourficouser — Fri, 26 Jul 2019 22:52:43 GMT

@Remedios wrote:
@yourficouser wrote:
@Remedios wrote:
No, they cant pull in that situation, but again, dont apply with freeze in place.
Got it. Thanks so much for your comments.

In that case, wouldn't it be useful to keep your reports frozen when requesting a credit limit increase, as you would know for sure that there would not be a hard pull?

Or is this a different situation where they could do a hard pull in some way?

Thanks!
If HP is required for CLI, you have to unfreeze, regardless of existing relationship with the lender
As far as soft CLI, some will not entertain it while CRs are frozen, while others have received them.
I guess that would be lender specific.

If HP is required for any reason, it's not a "different situation". The whole purpose of freeze is to prevent new accounts/HPs and as a result, HPs are not possible while freeze is in effect even when new account situation is not applicable.

I see. Thanks for the input. It sounds like it should not be possible to get an HP on your account while your credit reports are frozen then, even if it is from a lender with whom you have an existing relationship (such as for as CLI).

Re: Possible to get new HP while all credit reports frozen?

Anonymous — Sun, 28 Jul 2019 02:05:20 GMT

One caveat. You CAN get new accounts while your reports are frozen. You just can’t get any HPs.

Re: Possible to get new HP while all credit reports frozen?

yourficouser — Sun, 28 Jul 2019 02:15:09 GMT

@Anonymous wrote:
One caveat. You CAN get new accounts while your reports are frozen. You just can’t get any HPs.

Got it. I see. So that would be like getting a new American Express card when you have an existing one, when they usually do an SP anyway?

Re: Possible to get new HP while all credit reports frozen?

Anonymous — Sun, 28 Jul 2019 02:20:34 GMT

Bingo. Or if you have a card issuer like BBT kicking out cards with an SP because they’re trying to increase their portfolio premerger.

Re: Possible to get new HP while all credit reports frozen?

Remedios — Sun, 28 Jul 2019 02:44:00 GMT

I dont really see that as a caveat because it requires pre-existing relationship with a lender

Unless you're talking about Open Sky, no one will issue a card if they cannot SP or HP.

Freeze does not stop existing lender from performing a SP, hence new account would be based on data from the pull and internal history with that lender.

Re: Possible to get new HP while all credit reports frozen?

Anonymous — Sun, 28 Jul 2019 02:49:32 GMT

I got a BB&T account added without a HP and I had no existing relationship. All three bureaus were frozen and I confirmed it would be an SP before I walked in the door.

Re: Possible to get new HP while all credit reports frozen?

Anonymous — Sun, 28 Jul 2019 02:50:48 GMT

Freeze does not stop an SP from a lender with whom you have no prior relationship.