Author Topic: Dispute Credit pull?  (Read 36351 times)

Offline jsk173

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Re: Dispute Credit pull?
« Reply #345 on: November 28, 2016, 02:16:29 AM »

They would want a valid reason that they can pass off to the consumer, otherwise why can't the consumer open new accounts?

"After a recent review of your accounts, we have decided to end our relationship with you."

That's it. That's all a soon-to-be-former Chase customer gets.

Offline shulem92

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Re: Dispute Credit pull?
« Reply #346 on: November 28, 2016, 02:16:49 AM »
LOL. You don't seem to have any clue what you're even arguing.

You just seemed to argue that Chase gives CLI without pulling a report at all, which is nonsense. They obviously monitor their customers' credit reports closely.
Stop responding and then editing your posts. Its getting super annoying! And yes my point was that to extend credit, most LI don't need to do a hard pull if you are an existing customer, because between the soft pull, and their own credit portfolio they have a pretty good idea.

Offline jsk173

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Re: Dispute Credit pull?
« Reply #347 on: November 28, 2016, 02:17:44 AM »
Stop responding and then editing your posts. Its getting super annoying! And yes my point was that to extend credit, most LI don't need to do a hard pull if you are an existing customer, because between the soft pull, and their own credit portfolio they have a pretty good idea.

But they need to do a hard pull for a shutdown?

Come on.

Offline shulem92

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Re: Dispute Credit pull?
« Reply #348 on: November 28, 2016, 02:19:13 AM »
But they need to do a hard pull for a shutdown?

Come on.
Did I say they need to? No. I said that it is very likely that they would do a hard pull (if allowed) just to cover all the bases

Offline jsk173

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Re: Dispute Credit pull?
« Reply #349 on: November 28, 2016, 02:20:48 AM »
Did I say they need to? No. I said that it is very likely that they would do a hard pull (if allowed) just to cover all the bases

It's clearly allowed, as per the statute that's now been cited roughly 40 times.

Offline shulem92

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Re: Dispute Credit pull?
« Reply #350 on: November 28, 2016, 02:23:10 AM »
It's clearly allowed, as per the statute that's now been cited roughly 40 times.
It it were allowed, don't you think they would? Just to cover their bases? And if the whole thing according to you is just to penalize the consumer, why wouldn't they do it when shutting down an account? For a couple of bucks? Seriously?

Offline jsk173

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Re: Dispute Credit pull?
« Reply #351 on: November 28, 2016, 02:29:30 AM »
It it were allowed, don't you think they would? Just to cover their bases?

Cover which bases? Banks can close an account for just about any reason they want, and they know plenty about their current accountholders from the soft pulls they do on a regular basis.

Quote
And if the whole thing according to you is just to penalize the consumer, why wouldn't they do it when shutting down an account? For a couple of bucks? Seriously?

Yes, seriously. What would be the point? There wouldn't be one.

If the person's credit is already bad, a hard pull would have a meaningless impact. And if the person's credit is clean but the account is being closed anyway, why throw salt in the wound?

Offline shulem92

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Re: Dispute Credit pull?
« Reply #352 on: November 28, 2016, 02:36:02 AM »


And if the person's credit is clean but the account is being closed anyway, why throw salt in the wound?
Do you not understand the word penalize? Anyway, I gtg. Its well past my bedtime to be arguing with a troll

Offline shulem92

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Re: Dispute Credit pull?
« Reply #353 on: November 28, 2016, 02:36:41 AM »
Cover which bases? Banks can close an account for just about any reason they want, and they know plenty about their current accountholders from the soft pulls they do on a regular basis.

Yes, seriously. What would be the point? There wouldn't be one.

If the person's credit is already bad, a hard pull would have a meaningless impact. And if the person's credit is clean but the account is being closed anyway, why throw salt in the wound?
Stop editing your posts. Make up your mind BEFORE you post

Offline jsk173

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Re: Dispute Credit pull?
« Reply #354 on: November 28, 2016, 02:43:50 AM »
Do you not understand the word penalize? Anyway, I gtg. Its well past my bedtime to be arguing with a troll

I do understand the word "penalize." Closing someone's account after a minor and quickly cured default, or after no default at all, is a penalty in itself. There's no reason to throw salt in the wound.

Offline jsk173

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Re: Dispute Credit pull?
« Reply #355 on: November 28, 2016, 02:45:00 AM »
Stop editing your posts. Make up your mind BEFORE you post

Don't be dishonest. I sometimes (quickly) add a sentence to the end of a comment but I don't go back and change the content or meaning of my comments.

Offline shulem92

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Re: Dispute Credit pull?
« Reply #356 on: November 28, 2016, 02:51:19 AM »


Don't be dishonest. I sometimes (quickly) add a sentence to the end of a comment but I don't go back and change the content or meaning of my comments.

First of all, u do change the meaning sometimes. Here is one example. Second of all u edit posts that no one knows you edited so they can't properly respond. (When u edit a post there are no notifications),at least on tapa..

Of course. You realize a soft pull gives the bank most if not all of the same info., right?

Offline jsk173

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Re: Dispute Credit pull?
« Reply #357 on: November 28, 2016, 03:02:46 AM »

First of all, u do change the meaning sometimes. Here is one example. Second of all u edit posts that no one knows you edited so they can't properly respond. (When u edit a post there are no notifications),at least on tapa..


LOL. I didn't change the meaning of that comment at all; I added a minor clarification.

Also, edited comments have an "edited" notation/timestamp on the website, so it's not like anything surreptitious is going on.

Offline noturbizniss

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Re: Dispute Credit pull?
« Reply #358 on: November 28, 2016, 07:04:08 AM »
I've never had a discover card and have gotten pre approvals from them.
However if soft and hard pulls are the same then why do they still hard pull even with pre approvals
READ THE DARN WIKI!!!!

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Offline JTZ

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Re: Dispute Credit pull?
« Reply #359 on: November 28, 2016, 09:24:22 AM »
It's illegal for anyone to pull even a soft of your credit without a permissible purpose.
Here is another 100% false statement. Softs are pulled all the time without you having anything to do with institution that is pulling the soft. Here is something you can do yourself to prove what I am saying is correct. Get a real copy of your CR and look under inquires. It will show soft and hard inquires. Under soft inquires you most likely see pulls you never gave permission to, they had a permissible purpose for or ever had anything to do with. Here are few under mine.

PRM-AAA AUTO CLUB GROUP 10/24/16
PRM-LIBERTY MUTUAL RESPONSE MARKET 10/21/16
PRM ONL-WYNDHAM VACATION OWNERSHIP 07/31/16

Most of you would say what is the big deal? Just let the troll keep trolling. The problem is he continually posts wrong information in this and other threads that can get members in trouble. When you correct him with facts he just keeps repeating the same BS over and over.

ETA: they had a permissible purpose for
« Last Edit: November 28, 2016, 09:40:49 AM by JTZ »
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(