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How to tell if SP or HP?

smsonmyway
Valued Member

How to tell if SP or HP?

I'm sure this has been posted and answered before, but I'm slightly confused.

 

How can you tell if there is a SP (as part of existing account review) or HP?  I have my reports from myFICO and CCT.  All of them show 4-5 inquires in the past 12 months, but in the detail section there are many more.  I can figure out the HP by new accounts, but can't seem to reconcile the others.

 

Credit Karma shows something like 13-14 (I did purchase a car in March and had mulitple inquires, but I know that only counts as one towards FICO)

 

Just a little confused on all of this.

 

Any insight?

Starting Scores 5/24/16 EQ 649, TU 648, EX 662
Current score (fico8) 1/7/18 EQ 759, TU 752, EX 727

Message 1 of 5
4 REPLIES 4
takeshi74
Senior Contributor

Re: How to tell if SP or HP?

You won't see SP's from any of those sources.  They're all HP's.  Generally you have to pull reports directly from each CRA to view SP's.  However, IIRC, some of Equifax's monitoring products allow you to see SP's.

 

Request for CLI's can he HP's in some cases.  There are also certainly other sources of HP's that are not for new credit or reviews for existing credit accounts (e.g. rent, insurance, identity verification for things like CU membership, etc).

 

How often have to been reviewing your reports given your comment about the pulls older than 12 months?  Make sure you're regularly reviewing them.  At the very least make use of the Annual Credit Report site.  Also be sure to consider pulls per CRA and the ages of your pulls versus just total number of pulls.

 


@smsonmyway wrote:

I did purchase a car in March and had mulitple inquires, but I know that only counts as one towards FICO


If properly coded and within a given timeframe.

Message 2 of 5
ChrisCulpepper
Established Contributor

Re: How to tell if SP or HP?


@takeshi74 wrote:

You won't see SP's from any of those sources.  They're all HP's.  Generally you have to pull reports directly from each CRA to view SP's.  However, IIRC, some of Equifax's monitoring products allow you to see SP's.

 

Request for CLI's can he HP's in some cases.  There are also certainly other sources of HP's that are not for new credit or reviews for existing credit accounts (e.g. rent, insurance, identity verification for things like CU membership, etc).

 

How often have to been reviewing your reports given your comment about the pulls older than 12 months?  Make sure you're regularly reviewing them.  At the very least make use of the Annual Credit Report site.  Also be sure to consider pulls per CRA and the ages of your pulls versus just total number of pulls.

 


@smsonmyway wrote:

I did purchase a car in March and had mulitple inquires, but I know that only counts as one towards FICO


If properly coded and within a given timeframe.


Agreed.

Goal: 700's by 11/1/2015 (all baddies will be gone)
Message 3 of 5
RonM21
Valued Contributor

Re: How to tell if SP or HP?

Agree also. There is a chance depending on the coding that those did not report as one.
                

TCL: $306,100Utiliz: 6%AAoA: 5yrs 2mOther: Lease, Loan, *No MortgageCollections-Lates-BK's: 0

LWS-35k | BOA-50k | AMX-32.4k | DISC-33.6k | ALNT-25k | NFCU-33k | BARC-15k | BBUY-12k | CSE-10k | CP1-10k | CITI-11.7k | PF-38.4k


Message 4 of 5
RobertEG
Legendary Contributor

Re: How to tell if SP or HP?

The definition of a soft inquiry is one that is viewable only in credit reports seen by the consumer.

Most commercisl credit reports dont differentiate in the ultimate end use, and thus will not show soft pulls.

 

The definition of the annualcreditreport.com site is that it is restriction only to consumer pulls of their own credit reports.

Thus, they can freely show all soft pulls without concern.

If you have a freeby remaining at that site, then do a pull and compare the inquiries.

Message 5 of 5
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