Current Creditors - how to know if they keep peeking at credit

[Anonymous]

Know how the bank or Cap 1 or whomever checks someone's credit every month or every two months just "waiting" for something to happen?

How can WE see those inquiries?  I pull daily reports with AMEX and I never get that information, the only time I see it is when I order/dispute a report.

Thx!

[Anonymous]

When your current creditors check your report it is a soft inquiry. Those can only be viewed by you, which means they will only be shown on reports directly from the CRA gotten by you.

You won't see those on any 3rd party reports.

[CreditAble]

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@Anonymous wrote:

Know how the bank or Cap 1 or whomever checks someone's credit every month or every two months just "waiting" for something to happen?

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The creditors don't even have to check periodically to be aware of "something" happening. The creditor can subscribe to a service which will flag your account when certain pre defined occurrences happen.

For instance a creditor can request to be notified if you open a new tradeline or exceed a specified utilization.

If an flagged "occurrence" takes place, the creditor gets notified by the credit bureau and a soft inquiry gets inserted naming that creditor.

If a creditor periodically pulls your complete report, it would generate the same soft inquiry known as an account review.

Message Edited by CreditAble on 01-20-2009 09:52 PM

[sammyfire2001]

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@CreditAble wrote:

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@Anonymous wrote:

Know how the bank or Cap 1 or whomever checks someone's credit every month or every two months just "waiting" for something to happen?

---

The creditors don't even have to check periodically to be aware of "something" happening. The creditor can subscribe to a service which will flag your account when certain pre defined occurrences happen.

For instance a creditor can request to be notified if you open a new tradeline or exceed a specified utilization.

If an flagged "occurrence" takes place, the creditor gets notified by the credit bureau and a soft inquiry gets inserted naming that creditor.

If a creditor periodically pulls your complete report, it would generate the same soft inquiry known as an account review.

Message Edited by CreditAble on 01-20-2009 09:52 PM

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That's so true.  I applied for a citi card (got denied ) on 12/17.  The very next day AmEx did a account review (soft pull)...coincidence, I think not!