topic Re: Is this normal? in Rebuilding Your Credit

Is this normal?

ficophobic — Thu, 06 Dec 2012 16:32:11 GMT

I applied for a small loan from my credit union in the beginning of November. I just opened the denial letter this morning. It shows my Experian score , but has 07/13/12 next to it. My score since then has increased by 63 points. Is this normal for a lender to use a credit report from 4 months ago? I guess that good thing is, it wasn't another hard pull.

Re: Is this normal?

Jutz — Thu, 06 Dec 2012 16:36:21 GMT

If I understand it correctly, Hard Pulls are always fresh, but Soft Pulls may be kept on file for some time. Four months is quite awhile though

Re: Is this normal?

madmann26 — Thu, 06 Dec 2012 17:16:14 GMT

I'd call them and ask wth?

Re: Is this normal?

Epcot — Thu, 06 Dec 2012 17:18:02 GMT

Did you join the CU in July? It is weird they would use a report that is that old. Definitely call them and ask.

Re: Is this normal?

annielorie — Thu, 06 Dec 2012 20:44:48 GMT

Maybe there was an error Id recon and ask them to soft your credit as the file they used to make their decision is not an accurate picture of your credit

Re: Is this normal?

ficophobic — Fri, 07 Dec 2012 15:35:35 GMT

Thanks for the info.

Re: Is this normal?

ficophobic — Tue, 11 Dec 2012 23:50:28 GMT

Ok, so I called the CU. They said they use the same credit report if I previously applied within a 6 month period. Still doesn't make sense to me, but oh well.

Re: Is this normal?

sunshine24 — Tue, 11 Dec 2012 23:57:26 GMT

My experience with a CU and pulls was horrible. When I applied as a new member, they accidentally did two hard pulls one day apart. Then I applied for a Visa a couple of months later and they did yet another pull. I did get them to remove one. My CU does a fresh pull each time you apply.

Re: Is this normal?

Shogun — Wed, 12 Dec 2012 00:49:45 GMT

You should be able to ask for a new HP for a loan. I guess it just depends on their policy.