Helpful Resources

Community

Popular Discussions

Creditmagic Twitter

Credit on Facebook

Home

Credit Forum

Credit repair

I see "Household Credit" under inquiry on credit r

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

lisa
Guest

Subject: I see "Household Credit" under inquiry on credit r

Sun Dec 30, 2007 7:32 pm

I see "Household Credit" showing up as an inquiry on my credit report. What does this mean? Could someone have used my name on an online loan application without me being notified??

SunDevilsFan

Joined: 09 Nov 2007
SunDevilsFan's page
Posts: 184
Location: Sunny Arizona

6612 Magic Points

Sun Dec 30, 2007 11:59 pm

It is probably a soft inquiry... many credit card companies do a pre quailifications on many people to see who could quailify for their card...

If it was an actual "hard inquiry" without your consent, I would raise holy heck until next Thursday with the one responsible.

lisa
Guest

Subject: questionable credit inquiry

Mon Dec 31, 2007 3:36 am

how would I know if it was a hard or soft inquiry? It says nothing about why the inquiry was made. I'd like to look into it further but don't know how to proceed.

SunDevilsFan

Joined: 09 Nov 2007
SunDevilsFan's page
Posts: 184
Location: Sunny Arizona

6612 Magic Points

Mon Dec 31, 2007 4:54 am

If you pull your reports via one of the online companies, such as True Credit or something similiar, it will tell you somewhere on the report what was pulled as soft and hard.... The hard inquires is what kills your score if pulled too many times... Car loans, house loans and Credit Card companies in which you are apply for their card are examples.. Or, collection agencies. However, on my reports I have seen them pull hard and soft...

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Mon Dec 31, 2007 9:47 am

Hi Lisa if you have applied for credit in that case it will be a hard inquiry. But from what you said I can gauge that it is a soft inquiry which wont affect your score.
_________________
Regards,
Laura.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Mon Dec 31, 2007 11:45 am

Good morning and welcome Lisa, first off I want to say welcome to the forum, hope you decide to register, stay and participate with us, get to know some people and earn a few bucks while you are here. We would love to have you aboard full time.

I would pull it and see which it is, that way if someone is trying to apply for a card under your name you will have the time to stop any real damage. Please keep us updated and what you find out.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa

MCasper

Joined: 31 Dec 2007
MCasper's page
Posts: 25
Location: Pennsylvania

1239 Magic Points

Mon Dec 31, 2007 5:36 pm

Creditors will randomly pull your credit report to see what's going on with other creditors. If you have a card with MBNA/Bank of America that you pay on time every month but a card with Citibank that you're frequently late on, chances are the Citibank lates will also affect your MBNA card. It's arguably unfair practices by the creditors but completely legal.

Read the fine print, on all credit applications you give them permission to pull your credit not just on the spot, but at any time.

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Wed Jan 02, 2008 9:31 am

See some great advice here. Great posts...thanks
_________________
Regards,
Laura.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.