Freezing the credits after Applying for a credit

[Red1Blue]

It is okay to freeze and unfreeze the reports. If you are not apping for new cards, my suggestion is to freeze the reports, As per Amex since you are already approved for the card if they need they can do a soft pull on your report as you already have the account with them. I froze all my 3 reports for more than a year now. I unfroze TU for about a week each time total 2-3 times when I applied for CLIs on my existing cards.

[Anonymous]

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@coldfusion wrote:

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@Anonymous wrote:

so you would think freezing my files will prevent them from putting a hard enquiry?

and this is not new to me, although I have never tried it to see if it works, for exmaple arond a year ago I applied for a loan and I got instant approval for 30K unsecured.

and they hard pulled my credit 3 weeks later, I was like if I knew I would have locked my credit.

any actual experience?

So this is the formula: 99% of instant approvals whether loan or a CC doesn't involve a hard enquiry until later(3 weeks usually)

but the ones that tell you we got to look further, they put a hard enquiry on your report instantly...

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That isn't how things work.   Your application gives them permissible purpose to perform an inquiry in order to make a credit decision but once they made the decision, whether approval or denial, the permissible purpose no longer exists (unless you ask for a reconsideration of a denial).     It may have taken 3 weeks for the inquiry to be reported and/or detected by whatever tool(s) you use to monitor your credit activity.

Since you've been approved it's OK to re-freeze your reports.  Having your reports frozen won't prevent AMEX from performing their normal monthly soft pulls in order to review the current status of your credit profile.

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best answer on earth!!

It may have taken 3 weeks for the inquiry to be reported and/or detected by whatever tool.

there are times when I click the submit button in less than 10 seconds credit karma pops, we've detected hard inquiry on your report or somebody accessed your report.

and there are times when I click the submit button it takes on avg 2 to 3 weeks, sometimes avg 4 days for credit karama to pop a hard inquiry alert.

I don't know why it behaves like that but wht CFusion mentioned should be the case and in that case putting a sec freeze obviosly won't cut it.

[Anonymous]

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@NRB525 wrote:

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@Anonymous wrote:

has anyone ever tried this?

I am getting a lil bit creative here, so I applied for the Amex Blue Cash Preferred today and I got the approval.

can I freeze my credit now, so they won't be able to do a hard enquiry in 20 days from now?

are they going to close my account?

I need my credit file now or maybe in a month, and I can't afford to have a hard enquiry on it.

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Congrats on the BCP approval.  

Can you expand on the scenario where a single HP on EX makes any difference to another lender? 

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thx

I might not know about different aspects of credit.

but I know what creditors are looking for, and how instant approval algroithms work and how your credit profile should be look like

and the genius is to pull the best approvals with low aged credits like mine(2.5 years old)

not with a 10 year.

on a 10 year mortagagaged credit it's not as important to have 1 recent HP on your report as it is important on a 2.5 old profile.

again if you have a good(avg) history, by avg and history I mean only time, it's your default duty to not have any bad markings on your profile ofc, as long as you're 45 days or 1 month away from a hard pull, you must be good enough.

but the best is to not have HP for the past 12 month when you go about shopping a big thing like 60k or 100k line of credit.

[OmarR]

I've always done a 24 hour un-freeze that automatically re-freezes at midnight with all of my apps.

I've never had a problem. 

[Anonymous]

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@OmarR wrote:

I've always done a 24 hour un-freeze that automatically re-freezes at midnight with all of my apps.

I've never had a problem. 

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awesome trick!

is there a one tool unlock all that you know of, I need to do 4 calls for each lock unlock process...

[OmarR]

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@Anonymous wrote:

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@OmarR wrote:

I've always done a 24 hour un-freeze that automatically re-freezes at midnight with all of my apps.

I've never had a problem. 

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awesome trick!

is there a one tool unlock all that you know of, I need to do 4 calls for each lock unlock process...

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I go online to each of the 3 websites. It takes me about one minute for each one. 

[Anonymous]

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@OmarR wrote:

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@Anonymous wrote:

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@OmarR wrote:

I've always done a 24 hour un-freeze that automatically re-freezes at midnight with all of my apps.

I've never had a problem. 

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awesome trick!

is there a one tool unlock all that you know of, I need to do 4 calls for each lock unlock process...

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I go online to each of the 3 websites. It takes me about one minute for each one. 

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I remember for online portal credit freeze I need to be a member and there is a fee for that..

[Sax2610]

@Anonymous congratulations which CR was used by Amex for the approval 

[OmarR]

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@Anonymous wrote:

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@OmarR wrote:

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@Anonymous wrote:

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@OmarR wrote:

I've always done a 24 hour un-freeze that automatically re-freezes at midnight with all of my apps.

I've never had a problem. 

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awesome trick!

is there a one tool unlock all that you know of, I need to do 4 calls for each lock unlock process...

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I go online to each of the 3 websites. It takes me about one minute for each one. 

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I remember for online portal credit freeze I need to be a member and there is a fee for that..

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If you go straight to each website (Equifax, Transunion, Experian) they are no longer allowed to charge a fee for freezing/unfreezing.

[Sax2610]

@OmarR Experian wants to charge to lock profile 19.99 a month do you a link tbats is free?.