@john398 wrote:
@CS800 wrote:
@Anonymous wrote:
@RyVision wrote:From what I've read on it, it seems a bit of an urban myth\legend. That it may appear to do that to the person looking at their self pulled report, the report a creditor sees is not at all affected, other than they might see a lot of SP's (possibly, I don't think they can see SP's on their end at all) along with the HP's that remain anyway. My logic would be, if creditors can't see SP's anyway, why would a bunch of SP's remove genuine HP's that they are meant to see?
Seemed like a LOT of trouble to go to and complicated, most likely for nothing, verses just keeping ones applying to a minimum and knowing who pulls what. I'm going with what I know works, watching my reports and keeping my INQ's as low as possible by limiting what I apply for. The only guaranteed way to lower INQ's is time and not over applying. Just my 2 cents.
I hope that's allowed as I think it's a subject that's better addressed than left to the mystery of the internet.
+1
And if you have all your reports froze like I do, I can't appy for new credit anyway (unless I lift the freeze) which I have no plans on doing.
I am looking to freeze my reports next year. I have no plans to apply for credit and this will keep me from having random pulls from companies looking to seel my mortgage. This past year I had 3 from CBIC something.
When I called them they said everytime they try to sell a mortgage, they do a hard. I'm like and what gives you the right to do 3 HP's in 1 year???
You should be able to dispute that as you are not asking anyone to extend credit, if they are trrying to sell your mortgage you would not be applying for a new mortgage anyway, seems would be illegal to show a HP
I called them and the lady was like if you dont like it then dispute it. Well I did and it came back verified !!
Even if this is true would'nt you think the bureaus would be aware of this and reverse it?
I wonder if you have duplicate INQ's from apping in the same year if this applies?
This thread turned into something rather insightful, as well as concerning. I tell a friend of mine about the info I read here, he doesn't consider himself computer savvy enough to delve into this or handle much of his credit or billing online (he still usually mails checks). He does however have a mortgage, I think it's through BoA now, though it's been sold at some point.
He told me he has 18 INQ's, which didn't sound right to me. I know he's applied and gotten several cards, but many are over 2 years ago, those INQ's would be gone. According to what I remember him telling me (he ususally tells me about applying and the results) he shouldn't have more than 10 inq's... And I'm talking about across all 3, I'm pretty sure when he says 18, that he's refering to ONE report, not the total.
I'm wondering who CS800 is dealing with concerning the issue of his mortgage holder doing HP's for a possible sale of the paper. The other part that concerns me is how seldom CB's seem to abide by the law when verifying if something should be on the reports they handle.
If I were in CS800's shoes, I would be on the phone to my states AG's office about the issue. Sounds like someone is breaking a law somewhere and it shouldn't be allowed. That whole "law thing" IS intended to be a 2 way street. Not just something to keep us peasant consumers in line. Often on something like this the state AG's office (in my experience) can be rather effective.
It really makes me wonder how many people (including those on here) with a lot of INQ's and a mortgage, might not be noticing what CS800 spotted, as to where some of those INQ's came from.
@RyVision wrote:This thread turned into something rather insightful, as well as concerning. I tell a friend of mine about the info I read here, he doesn't consider himself computer savvy enough to delve into this or handle much of his credit or billing online (he still usually mails checks). He does however have a mortgage, I think it's through BoA now, though it's been sold at some point.
He told me he has 18 INQ's, which didn't sound right to me. I know he's applied and gotten several cards, but many are over 2 years ago, those INQ's would be gone. According to what I remember him telling me (he ususally tells me about applying and the results) he shouldn't have more than 10 inq's... And I'm talking about across all 3, I'm pretty sure when he says 18, that he's refering to ONE report, not the total.
I'm wondering who CS800 is dealing with concerning the issue of his mortgage holder doing HP's for a possible sale of the paper. The other part that concerns me is how seldom CB's seem to abide by the law when verifying if something should be on the reports they handle.
If I were in CS800's shoes, I would be on the phone to my states AG's office about the issue. Sounds like someone is breaking a law somewhere and it shouldn't be allowed. That whole "law thing" IS intended to be a 2 way street. Not just something to keep us peasant consumers in line. Often on something like this the state AG's office (in my experience) can be rather effective.
It really makes me wonder how many people (including those on here) with a lot of INQ's and a mortgage, might not be noticing what CS800 spotted, as to where some of those INQ's came from.
I'm not so sure there's any violation. I could be wrong, but I believe RobertEG has posted about this a few times saying that there is no real hard pull/soft pull distinction in the FCRA, and that a lender with which you have a relationship has a right to pull your credit. In practice, they usually do a soft pull, but I think they can do a hard pull. Like I said, I could be misremembering the posts. I'd search out some of his posts on this subject. I know he has posted about it several times.
Thanks Walt_k, I'll have to look into that. I'm sure CS800 will find it interesting as well. One would think they could code it AR, ND or ND MR, so it wouldn't have an impact.