Personal Finance

what do bankers do soft pull for and what kind of information they will get?

  • Last Updated:
  • Jan 20th, 2014 8:29 pm
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[OP]
Newbie
Jan 14, 2014
17 posts
1 upvote

what do bankers do soft pull for and what kind of information they will get?

will they pull out the credit score like when we apply a credit?
will the bank decrease or close the credit line if they found the credit max out almost?
2 replies
Sr. Member
Dec 26, 2013
668 posts
58 upvotes
Yes, the bank may decrease limits, close or increase rates. Sometimes they'll offer pre-approvals based on the information too.
Jr. Member
Oct 27, 2009
137 posts
252 upvotes
Montreal
The bank can also do a soft credit check when you open an account with them.

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