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HSBC CLI (soft?)

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Regular Contributor

HSBC CLI (soft?)

Everwhere I read says HSBC  is a soft pull but customer service reps tell me they do not know lol. 

Message 1 of 11
10 REPLIES 10
New Contributor

Re: HSBC CLI (soft?)

At the end of the day they have the full right under the law to pull a hard pull. You are seeking more credit. Its a dick move but some like CITI enjoy clicking the button.

 

I personally do not have any business with HSBC but I can report they are one of the better ones out there.

 

 

Message 2 of 11
Regular Contributor

Re: HSBC CLI (soft?)

My Equafax and Experian are frozen. Does that mean Transunion would get pulled if it was a hard inquiry?
Message 3 of 11
New Contributor

Re: HSBC CLI (soft?)

Financial Institutions like to work with one credit reporting agency typically. Most use EQUIFAX on the FICO Score 8 model. If you have a AMEX card they provide you a free FICO SCORE 8, and this is better than Credit Karma as they use the vantage model.

 

If they are frozen then I wouldnt worry about nothing anymore. If its a hard pull they would request you to remove the "lock" on you're report. Most lenders do not even use T/U. I have one credit card that has never reported to them.

Message 4 of 11
Regular Contributor

Re: HSBC CLI (soft?)

So you think I should give the cli a shot?
Message 5 of 11
Established Contributor

Re: HSBC CLI (soft?)

I asked for a CLI from HSBC once last year and it was a HP (Equifax).



 

Back In the garden June 2019 until TBD
FICO 8 Scores (Inquiries) May 29, 2019

Military Star - $8.7K | FCCU Platinum Signature VISA - $13K | Care Credit - $25K | Barclay AA Red MC - $5K | Best Buy Citi Visa - $3K | Cap1 Savor - $3.1K | USAA Signature VISA - $6K | PFCU Power Cash Rewards Signature VISA - $28.5K | CSR $15K | USAA AMEX - $12K | AMEX BCP - $35K | Chase Freedom Signature Visa- $7.5K | HSBC Rewards MC - $1.75K | CITI DC - $10.3K | Discover It - $16K | NFCU Cash Rewards Signature Visa - $10K | NFCU CLOC - $15K | TD Ameritrade Client Rewards Visa - $1.5K | Chase FU Signature $15K | Citi AA Plat MC $13K
AAoA 6 Yrs 10 Mos AoOA 16 Yrs 2 Mos AoYA 1 Mos
Currently 13/24
4/24 on 1/14/20
1/24 on 3/15/20
0/24 on 3/20/21
Installment Loans
BMW $36.4K of $65.3K @ .99% (44.3% Paid)
Student Loans $32K of $66.65K @ 2.75% (51.93% Paid)
Annual Income ~ $110K
Message 6 of 11
Moderator Emeritus

Re: HSBC CLI (soft?)

Expect a HP and you need to give it 6 months in between requests for a CLI with HSBC.
Message 7 of 11
New Contributor

Re: HSBC CLI (soft?)

Even though I am a Financial Analyst, and have helped hundreds with fixing their credit, and winning the system, I must say this needs to be an indvidual decision.

 

1. Can you afford the hard pull?

2.Do you need the increase for something beneficial like a new car?

 

Message 8 of 11
Moderator

Re: HSBC CLI (soft?)


@B335is wrote:
Expect a HP and you need to give it 6 months in between requests for a CLI with HSBC.

This ^^^^ OP, plus the comment from @ttulaw.  In rare instances are CLI requests SP (except auto-CLIs).  Of noteworthy, if your reports are frozen, you'll need to thaw them or the request will likely be declined.

Message 9 of 11
New Visitor

Re: HSBC CLI (soft?)

It can be hard or soft. I requested a CLI around April 2018 hard pull, took a stupid hit. Requested another one November 2018 this time made sure my equifax was frozen, they denied and told me to call. Said to thaw if they want me to review. Forget that! So the other day on the July 9th 2019. I froze all my reports again, and hit the CLI button. Surprise! Approved for additional 50% of current limit!

Message 10 of 11
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