Comments on: Credit Inquiries: Hard Pull and Soft Pull

By: Recent Bank Findings: OnBank, Shore Bank Direct and Venture Bank

Recent Bank Findings: OnBank, Shore Bank Direct and Venture Bank — Sun, 16 Nov 2008 13:45:01 +0000

[...] Soft pull (more on hard pull and soft pull); [...]

By: CapitalOne Online Savings Account Reviews

CapitalOne Online Savings Account Reviews — Thu, 13 Nov 2008 21:06:08 +0000

[...] themselves will not affect my credit score, it isn’t clear whether Capital One conducts hard pull or soft pull. On their disclosure page, they does state that For your protection, you agree that we may order a [...]

By: Art Anderson

Art Anderson — Sat, 01 Nov 2008 23:16:45 +0000

Does anyone know if every bank does a CHEX report for every checking account or do any just pull a credit report?

By: Becky Esplen

Becky Esplen — Thu, 02 Oct 2008 02:12:09 +0000

Is it agaist the law for someone to run your credit with a hard pull with out your knowledge of it?

By: Paige

Paige — Mon, 08 Sep 2008 18:27:26 +0000

Just a funny observation, but all my friends who have a Macy’s card do not know what a hard pull is, who ever knows what a hard pull is doesn’t have a Macy’s or any other store credit card. It may just be an amusing co-incidence

By: Capital One Online Savings Account Opened

Capital One Online Savings Account Opened — Fri, 23 May 2008 01:26:03 +0000

By: June 2007 Highlights

June 2007 Highlights — Sun, 04 May 2008 01:56:48 +0000

[...] 5. Credit Card Inquiries: Hard Pull or Soft Pull [...]

By: Larry

Larry — Fri, 18 Jan 2008 16:32:06 +0000

very informative content here. This is what actually i was looking. Thanks for this post. It helped me to understand lot of things. Again thanks very much.

By: 12 Strategies That Can Save You Money While Paying Your Bills

12 Strategies That Can Save You Money While Paying Your Bills — Mon, 31 Dec 2007 22:03:35 +0000

[...] rates to jump back up to levels as high as 29%. And one more tip: every credit card application triggers a “pull” on your credit report, which, when done frequently, can invariably lead to lower credit [...]

By: AskDong » Mary Ann’s Money Makeover: Tackling Some Credit Card Debt

AskDong » Mary Ann’s Money Makeover: Tackling Some Credit Card Debt — Tue, 18 Sep 2007 15:54:56 +0000

[...] require a good-to-excellent credit score. The process of applying for a credit card involves a “hard credit pull” which actually inflicts damage on the credit score. Also, Mary Ann informed me that she had a little over $700 in unpaid parking tickets that she [...]

By: June 2007 Highlights | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Wed, 04 Jul 2007 15:51:52 +0000

[...] 5. Credit Card Inquiries: Hard Pull or Soft Pull [...]

By: credit card user

credit card user — Tue, 26 Jun 2007 11:05:37 +0000

I’ve heard that your employer might check your credit report. Is he eligeble to do that? Is this considered to be a soft pull?

By: Kammie

Kammie — Thu, 21 Jun 2007 19:28:47 +0000

i know hsbc does a pre approved then you continue with the application it does a hard pull. i was just wondering if there is another card or loan that does that online? i’m trying to keep down the hard pulls. i want to know if i have a chance before i apply.

By: Sun

Sun — Thu, 21 Jun 2007 18:03:14 +0000

Kammie: As far as I know, there should be no difference between what the creditors are seeing when they do a either a soft or hard pull. They are seeing the same credit history. The part of information that nobody but you can see is the soft inquiries. Therefore, it doesn’t make too much sense to me if to do a soft pull than a hard pull. They are not getting any new information. However, the situation you described could be like this: the creditor think you qualify for a credit card and before sending you the pre-approved application, they do a soft pull. When you get the letter and use it to apply for the card, they will do a hard pull since you essentially apply for a new card, though it has been pre-approved. Thus, you probably will see a soft pull and a hard pull from the same creditor. I don’t know if this is really the case, but this is what I can think of.

By: Finance Findings For Thursday, June 21, 2007

Finance Findings For Thursday, June 21, 2007 — Thu, 21 Jun 2007 15:28:42 +0000

[...] Credit Inquiries: Hard Pull and Soft Pull [Sun’s Financial Diary] [...]

By: Kammie

Kammie — Thu, 21 Jun 2007 13:35:14 +0000

does anyone knows of a credit card that pulls a soft pull first and then if they think you may quality then they do a hard pull?

By: WH

WH — Wed, 20 Jun 2007 13:18:53 +0000

Sun, Thanks for the tip!

By: Sun

Sun — Sun, 17 Jun 2007 19:58:45 +0000

WH: I think you generally can’t tell whether it’s a hard pull or soft pull without checking your credit report, unless they explicitly tell you what it will be, which I doubt they will do. For Citi cards, did you try their automatic request of credit line increase? That is, you just accept whatever they offer you when you request an increase. I used it before and every time I can get like $1500 or $2000 increase, but not now. Now whenever I try to get an increase, they ask me to provide all the information and I suspect that they will do a credit check, so I don’t use that tool any more. It’s safer to just call them ask for an increase and at the same time check with them whether there will be a credit check or not. I once tried to get an increase for my Discover card over the phone and they told me they will do a credit check, so I abandoned the idea.

By: fivecentnickel.com

fivecentnickel.com — Sat, 16 Jun 2007 21:25:52 +0000

Weekly Roundup - 06/15/07…

Well, here we are… In a few days we’ll be taking off for vacation, so we’ve been madly rushing around trying to tie up loose ends in advance of our departure. If you’re interested in contributing a guest post, please let me know…

By: WH

WH — Sat, 16 Jun 2007 13:38:27 +0000

To request extension of my credit line for Citibank, I must authorise a credit check…how can I tell if it’s a “hard” or “soft” pull without checking my credit report? Thanks!

By: Richard

Richard — Tue, 12 Jun 2007 15:24:45 +0000

I’ve found that many institutions (especially banks and brokerages) that do NOT do a hard credit pull, use that language in their disclosures nonetheless.

I suppose it’s *possible* that the hit hasn’t shown up yet, although I opened that account about a month and a half ago, and there’s nothing there now….

By: Sun

Sun — Tue, 12 Jun 2007 12:10:51 +0000

Richard: Actually, that’s what I heard from people about GMAC bank doing a hard pull (I don’t use GMAC). However, this is what I found on their disclosure page:

“By submitting your application for a product(s) you authorize GMAC Bank to obtain a consumer credit report as part of the review of your application.”

So they do perform credit check. Could it be possible that the inquiry is not showing up on your reports yet?

By: Richard

Richard — Mon, 11 Jun 2007 21:54:33 +0000

GMAC MMA does *not* do a hard credit pull. I opened one a couple months ago, checked my credit reports (all 3) today, and GMAC did NOT show up on any of the reports.

By: El Indio

El Indio — Mon, 11 Jun 2007 18:50:57 +0000

Very interesting to see the simplified list of people doing hard pulls. I had no idea my phone and cable companies dinked my credit. I guess I couldn’t avoid it but it’s good to be informed, definitely.