My fiance just got off the phone with BofA with whom she has a credit card. They had run a hard inquiry on her TUC report recently and she called to find out why. They told her since her card was about to expire they were LEGALLY authorized to run that inquiry. Has anyone ever heard of this??? I'm hoping to give her an early x-mas present of $1k of BofA's money for that one. Thanks in advance for thoughts. gilmores
They can legally run a hard inquiry at any time, as long as the account is open. The soft inquiry is an option, not a requirement. The FCRA itself doesn't differentiate between hard and soft inquiries. Soft inquiries were a creation of the CRAs to let the company pulling the report have an option to pull the inquiry in a way that wouldn't affect the consumers credit scores.
That is true. Any open card you have, that lender **can** pull a hard inq w/o authorization. They almost never do unless you request a CLI or open another cc account. Most just do a "soft" inq.
