Loan company pulled Experian twice!

aftermath · ‎09-16-2008

Hi,

I applied for a personal loan and they ended up pulling my Experian twice. It shows up as 2 hard pulls back to back by the same lender for the same loan.

Are they allowed to do this?

Is there anything in the FCRA which shows this as not being lawful?

If so, can you copy and paste the section which states this?

I tried arguing with the lendor and they keep telling me they can't erase credit checks. I've climbed the ladder to the top of management and they too tell me the same thing.

Thanks.

American Express Blue Cash Everyday $6600
Barclays US Airways Premier World Mastercard $14500
Chase Sapphire Preferred $5000
Chase Freedom Visa $1000
Chase United Explorer $8500
Citi AAdvantage Platinum Select Visa Signature $7500
Citi ThankYou Premier World Mastercard $7500

Anonymous · ‎09-16-2008

Were they pulled at the same day?

aftermath · ‎09-16-2008

They were pulled 1 day apart. Does that make a difference in my case?

American Express Blue Cash Everyday $6600
Barclays US Airways Premier World Mastercard $14500
Chase Sapphire Preferred $5000
Chase Freedom Visa $1000
Chase United Explorer $8500
Citi AAdvantage Platinum Select Visa Signature $7500
Citi ThankYou Premier World Mastercard $7500

Anonymous · ‎09-16-2008

The de-duplicate in scoring

Pulls from the same souce de-duplicate in scoring

aftermath wrote:

They were pulled 1 day apart. Does that make a difference in my case?

aftermath · ‎09-17-2008

@Anonymous wrote:
The de-duplicate in scoring

Pulls from the same souce de-duplicate in scoring
@aftermath wrote:
They were pulled 1 day apart. Does that make a difference in my case?

I'm sorry, what does that mean?

American Express Blue Cash Everyday $6600
Barclays US Airways Premier World Mastercard $14500
Chase Sapphire Preferred $5000
Chase Freedom Visa $1000
Chase United Explorer $8500
Citi AAdvantage Platinum Select Visa Signature $7500
Citi ThankYou Premier World Mastercard $7500

Miner · ‎09-17-2008

I've never had that happen on a mortgage loan from the same lender, but I did have that happen on a new car loan last year. A wierd named credit company pulled (I'm assuming the dealership or one of their fianace partners) and then a GMAC pull whom I actually got my loan from since it was 2.9% (which I was suprised that the manager was able to qualify me for given my score of 667 though an auto enhanced score would probably be higher). Both pulled on the day I applied. And yes, both credit pulls are counting in my scores.

Message Edited by Miner on 09-17-2008 12:30 PM

Current FICO8: EQ:782, TU:754, EX:767 | 1x 30 day late 6yrs ago
AAoA: 10 years; AAoOA: 13 months; Credit Length: 21 years
INQ Eq: 3 / Tu: 5 (4 for auto) / Ex: 9 (5 for auto)

Anonymous · ‎09-17-2008

It means yes - you will have 2 INQ's in count- but scoring wise they will count as one

This is even true if they were 1 month or 6 months apart- (though longer the inq will ding your score)

@aftermath wrote:

@Anonymous wrote:

The de-duplicate in scoring

Pulls from the same souce de-duplicate in scoring

@aftermath wrote:

They were pulled 1 day apart. Does that make a difference in my case?

I'm sorry, what does that mean?