Credit reports after getting sub-optimal CC terms

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CarefulBuilder14
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Credit reports after getting sub-optimal CC terms

Postby CarefulBuilder14 » Sun Aug 31, 2014 2:18 am

If you apply for a card and are either declined or get a higher APR than other people get, issuers inform you which bureau(s) they pulled and what the FICO scores were.

In the same document, issuers say "Under federal law, you have the right to obtain a copy of your credit report(s) without charge for 60 says after you receive this notice" and then they give the address of the bureau who report they pulled.

It is also the case that consumers can view, for free, their credit report once with each bureau each year. For example, say you viewed TU on Jan 10, 2014. You can then view it again as early as January 10 (or maybe 11th), 2015. If you don't see it in January 2015, but wait until February 1, 2015 to view it, then the next time you view it for free has to be on or after February 1, 2016. This case assumes there are no new applications for credit.

Please let me know if any of that so far is wrong.

Now for my actual question:
After you've been declined or gotten sub-optimal terms on a credit card, and you get a credit report by contacting the bureau and mentioning the 60-day notice, is that report an 'extra' that doesn't reset your schedule of free reports?

For example: Say I get my EX report as part of my yearly right in Jan 2015. I apply for a card in April 2015, they pull EX, and I get sub-optimal terms. I think I could get a free copy of EX in the next two months (until around June 2015).

But...am I eligible for my next free EX report in Jan 2016 or April 2016? Or even early June 2016 if that is when I actually submit the request?

The hour is very late but I wanted to come on here and ask before I forgot, so I apologize if I'm unclear.
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MemberSince99
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Postby MemberSince99 » Sun Aug 31, 2014 6:24 am

I don't know I thought it was from the last time you got it free.

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PlyrStar93
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Postby PlyrStar93 » Sun Aug 31, 2014 7:41 am

CarefulBuilder14 wrote:Now for my actual question:
After you've been declined or gotten sub-optimal terms on a credit card, and you get a credit report by contacting the bureau and mentioning the 60-day notice, is that report an 'extra' that doesn't reset your schedule of free reports?

You can get your adverse-action credit report for free, which does not reset free annual report time schedule. When requesting choose adverse action. You do need to indicate which financial institution denied credit to you, or provided less-than-optimal terms.

source: http://credit.about.com/od/creditreportscoring/qt/How-To-Get-A-Free-Credit-Report-When-Denied-Credit.htm

Then:
CarefulBuilder14 wrote:For example: Say I get my EX report as part of my yearly right in Jan 2015. I apply for a card in April 2015, they pull EX, and I get sub-optimal terms. I think I could get a free copy of EX in the next two months (until around June 2015).

But...am I eligible for my next free EX report in Jan 2016 or April 2016? Or even early June 2016 if that is when I actually submit the request?

You can get free annual report in Jan 2016.
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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Aug 31, 2014 3:36 pm

PlyrStar93 wrote:You can get your adverse-action credit report for free, which does not reset free annual report time schedule. When requesting choose adverse action. You do need to indicate which financial institution denied credit to you, or provided less-than-optimal terms.

source: http://credit.about.com/od/creditreportscoring/qt/How-To-Get-A-Free-Credit-Report-When-Denied-Credit.htm

Then:

You can get free annual report in Jan 2016.


Great! That makes sense and I see the distinction between an annual credit report and a free one.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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