Kinda sucks! "No, we won't report to the bureaus that you pay on time. However, if you don't, we'll nail you!"
When is congress going to make it mandatory that if a company can report you for derogs then, they have to report the positives?
For certain things, such as, a house, auto....things that the dealership (for whatever product) is going to handle setting up financing for you, I can see letting them do a hard pull. But, for other goods and services, i.e. cell phones, insurance, rental property, etc. they should only be allowed a soft pull.
I put all my bills in a hat each month and keep drawing names and paying bills until there's no money left. If you don't stop harassing me, your name won't go in the hat!
This just ticks me off. I have Sprint. I'm not happy whatsoever, yet I don't want another hard pull on my credit. I had pulls from Directv and Dish network at the beginning of the year. Dish network even pulled my credit twice during three days! They are not for "credit seeking purposes" and therefore should only be soft pulls.
My next question is when a company does a "soft pull" does the soft pull give them more limited information than a hard pull? What makes a company choose a hard pull over a soft pull?
I can't recall seeing hard pulls on my report from Directv. I had them for about 7 years. I just dropped Directv this weekend. I like Directv but it was costing me almost $80.00 a month for basic on 3 TV's. I didn't have any extra movie channels or anything. Just the $5.99 a month protection plan. For $50.00 a month I got basic on 3 TV's with HBO and Cinemax with cable. Only disadvantage, I get a lot less channels. BUT, I really only watched a half dozen of the channels anyway. Having a wide selection of channels is fun to have, but it was a whole lot of nothing.. LOL
I had Cellular One for about 10 years. I DON'T like them. But, I haven't noticed any hard pulls when I renewed my contract. Only 10 years ago when I first signed on with them. Cellular One changed the terms of my contract in the middle of my term. My conract said free incoming messages, they all of a sudden started charging 10 cents for incoming text messages. Not that I really use text messages. Just the point they have a right to change the terms of a contract in mid term.
By the way should I change my username to Grumpy Old Man? LOL