Unwanted credit inquiry

I took my son in the other day to open a teen checking account at Wells Fargo, where I am an existing customer. They said that I had to be on the account as well (presumably because my son is a minor) so I said ok. Prior to going in, I’d called their customer service to find out the details of the account, and to ask if they did a credit check. The representative explained that they use ChexSystems, but that they don’t do a credit check. I explained that I wanted to be sure that there wasn’t a credit check because I was thinking of applying for a mortgage in the next year or so. He reassured me that it was just ChexSystems, so I went on in to open the account with my son.

The next day, I get a credit watch notice from Equifax. When I login in to Equifax, I see this:

WELLS FARGO BANK-CBG has made an inquiry against your credit report on 08/28/2007. If you did not authorize this inquiry, contact WELLS FARGO BANK-CBG for clarification.

Guess I will be contacting Wells Fargo to see what’s what.

If you liked this post, you may want to subscribe to my feed. Thanks for visiting!

Posted in Financial health on Aug 31, 2007

Comments RSS

5 Responses to “ Unwanted credit inquiry ”

  1. # 1 Tead Says:

    Oh, that is so annoying! Please let us know what happens when you call.

  2. # 2 Larry Says:

    You may want to check this page out. Supposedly, you get it removed:

    http://tinyurl.com/ydy4g5

    and here is a mostly complete list of institutions that do a hard pull:

    http://www.fatwallet.com/t/52/260724

  3. # 3 Engineer Says:

    Do you know from this report whether it’s a “hard” pull or a “soft” pull? I’ve found from checking my credit report that my bank periodically pulls a report, even though I have no loans from them. But I think these are soft pulls. Have you had your credit reporting service long enough to know what your bank’s habits are on credit pulls?

  4. # 4 bluntmoney Says:

    Engineer, I believe it is a hard pull, since it’s in the section that says will be shown to potential creditors. I noticed that there are 2 others from the bank on the report too, right around the time I opened a savings account for my son.

  5. # 5 G Nieuwoudt Says:

    They do it all the time, the same happened to me, I opened three “replacement” accounts in April becuase somehow someone got access to my checking and savings account (sounded like an inside job to me) and as a result wanted to close the old ones. I asked them the same question …. Will it result in a hard credit check once only and the answer was yes. Guess what, they did three credit checks on the same day. Today I opened an account for my son, same question and guess what, I get a credit check against my name as well. What upsets me the most is that they are clueless as to what a “hard check” means and that it stays on file for two years.

Leave a Reply

(Note that comments may not appear immediately.)


  • bluntmoney.com
  • Ads & Badges

    BlogHer Ad Network
    More from BlogHer
    Advertise here
    BlogHer Privacy Policy

    Debt Advice Trust
    Being in debt is stressful. Debt solutions come in various types and range from an IVA and Debt Management to Bankruptcy. Seek professional debt advice to become debt free.


    wpersonalfinance network member


    Mortgage Debt
    Repayment Progress

  • Books I like


Site Meter