No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
About a month ago, I went to a Macy's store at the local mall. When I was about to pay for the items that I wanted to buy, the clerk at the counter asked me if I wanted to apply for Macy's card. I thought sure why not. She asked for my social security number and she typed it on her computer or whatever. After a minute, she said that at that time I would not be able to get a Macy's card but I should check my mail within the next couple of weeks or so for an official approval or denial letter. Two weeks later and I receive a denial letter from Macy's due to me not having a high enough credit score. Two more weeks later, I found out that Macy's pulled a hard inquiry on my credit report, which brought my score down by 9 points (on freecreditreport.com). Will I be able to dispute the hard inquiry on my report by Macy's due to the fact that the clerk at the counter DID NOT inform me that Macy's was going to pull a hard inquiry? All she did was ask for my social number. Or was I just too dumb to give her my social security number? Thanks in advance!
(Sorry for the long post or if this question was already asked!)
I think in this case you did give them permission to run your credit. You cant dispute a legitimate inquiry. Live and learn.
It's extremely rare that you can apply for any credit without a hard pull. If you're going to assume then assume that there will be a hard pull.
@takeshi74 wrote:It's extremely rare that you can apply for any credit without a hard pull. If you're going to assume then assume that there will be a hard pull.
+1. Expect a hard inquiry anytime you apply for a card.
Yep, I learned this one the hard way.......even though the Best Buy worker "insured" me it was a soft pull........................it was hard.
Lesson I learned........always assume everyone is LYING when they tell you it's not a hard pull.
The entire purpose of FCRA 604 is to define types of permissible purposes that provide access to consumer credit reports without the need for specific consumer authorization. Elsewise, the credit approval process would creep to a crawl.
A consumer-initiated request for credit or insurance is a clear permissiible purpose that does not require specific consumer authorization.
@pizzadude wrote:
@takeshi74 wrote:It's extremely rare that you can apply for any credit without a hard pull. If you're going to assume then assume that there will be a hard pull.
+1. Expect a hard inquiry anytime you apply for a card.
+2
The inquiry remains on your CR for 2 years. For FICO scoring purposes, the inquiry effect only counts for 1 year.
If a store clerk asks you if you want to apply for a card and you say yes and give that clerk your information, you are giving them permission to pull your credit. The store clerk has no obligation to tell you that it will be a hard pull. It is up to you to know that an application for credit will result in a hard pull.