Another Credit Card Question
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Originally Posted by Snoop1224,Sep 14 2006, 10:28 PM
Just so you guys know, you can BUMP off your 'Hard' inquiries on Transunion and Equifax.
It takes about 2-3 months for the 'hard' inquiries to be bumped aff and replaced by 'soft' pulls which do not affect score.
To do this, Sign up for a credit monitoring service that allows daily pulls (Truecredit, etc.) and pull your credit daily. After about 3 months of doing this, hard pulls will begin to dissappear. Transunion gets BUMPAGE a little quicker than Equifax does. Experian inquiries cannot be bumped off.
Trust me....This works. It's basically a glitch in the databases of the credit reporting agencies.
Go to www.creditboards.com and snoop around for more info on this topic.
It takes about 2-3 months for the 'hard' inquiries to be bumped aff and replaced by 'soft' pulls which do not affect score.
To do this, Sign up for a credit monitoring service that allows daily pulls (Truecredit, etc.) and pull your credit daily. After about 3 months of doing this, hard pulls will begin to dissappear. Transunion gets BUMPAGE a little quicker than Equifax does. Experian inquiries cannot be bumped off.
Trust me....This works. It's basically a glitch in the databases of the credit reporting agencies.
Go to www.creditboards.com and snoop around for more info on this topic.
By hard pulls I think you mean genuine credit inquiries rather than prescreening inquiries or exisiting creditors rechecking your credit?
None of your inquiries get bumped off after 2-3 months, BUT most of the negative impact goes away after 3 months because that is the normal reporting cycle.
The credit bureau doesn't know if credit resulted from an inquiry so they ding your score for a while just in case there is new credit out there they don't know about. They figure that if new credit resulted it will probably surface in 3-4 months.
I think you just bought into a sales pitch from a credit monitoring service. I have been wrong before, but the credit bureaus are really good at monitoring the pulls.
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Joined: Mar 2003
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From: Kissimmee
Originally Posted by Wildncrazy,Sep 15 2006, 05:17 AM
Splain this to me, on the surface it doesn't make sense.
By hard pulls I think you mean genuine credit inquiries rather than prescreening inquiries or exisiting creditors rechecking your credit?
None of your inquiries get bumped off after 2-3 months, BUT most of the negative impact goes away after 3 months because that is the normal reporting cycle.
The credit bureau doesn't know if credit resulted from an inquiry so they ding your score for a while just in case there is new credit out there they don't know about. They figure that if new credit resulted it will probably surface in 3-4 months.
I think you just bought into a sales pitch from a credit monitoring service. I have been wrong before, but the credit bureaus are really good at monitoring the pulls.
By hard pulls I think you mean genuine credit inquiries rather than prescreening inquiries or exisiting creditors rechecking your credit?
None of your inquiries get bumped off after 2-3 months, BUT most of the negative impact goes away after 3 months because that is the normal reporting cycle.
The credit bureau doesn't know if credit resulted from an inquiry so they ding your score for a while just in case there is new credit out there they don't know about. They figure that if new credit resulted it will probably surface in 3-4 months.
I think you just bought into a sales pitch from a credit monitoring service. I have been wrong before, but the credit bureaus are really good at monitoring the pulls.
http://creditboards.com/forums/index...howtopic=28389
You might have to register.
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OK, I read the file and then I contacted my reps at the bureaus I use because it didn't make sense based upon my past experiences.
No, I didn't go to the any of the Big 3 credit bureaus cause they'd lie to me about any loopholes in their systems.
Hardly any companies go direct to the the Big 3 to pull their reports because of the hassles of dealing with them. Most use an intermediary who has to put up with their crap. So I went to several of my intermediaries and I got the same response from both. That's an OLD WIVES TALE! (or should I say NEW wives tale.
First of all let me say that the reports you see and the reports a creditor pulls are 2 different animals.
On the consumer report you see there is a line limit for the display, but there is no line limit on the underlying data which is what the credit scores are generated from.
So just because the report you pull doesn't show something doesn't mean it doesn't still exist.
The credit boards do look to be a good place to pick up some data and stay abreast of the Credit vultures like Cap One but it is a public forum and a lot of the data is just wishful thinking.
Oh, and a file split doesn't happen because of too many inquiries. It happens from new, different (usually wrong) data being reported by one of your creditors. Many of these errors are incorporated into your file which is why you might see your name reported with 2 different spellings, different middle names, or wrong addresses. As to what causes the (very, very, very rare) split, there isn't a hard and fast answer except that it is new data not inquiries.
For years I had 2 credit accounts and it was great because I knew how to fill out loan apps to cause them to access the credit history I wanted them to. This way all my debts didn't show.
Go ahead and pull your file daily. All it will do is cost you $$$ and maybe cause a potential creditor to say "Hmmmmmmm, I wonder what he's up to?". Of course if they get the idea that you have been doing it to cover up credit glitches like thru multiple disputes then they'll just turn you down.
No, I didn't go to the any of the Big 3 credit bureaus cause they'd lie to me about any loopholes in their systems.
Hardly any companies go direct to the the Big 3 to pull their reports because of the hassles of dealing with them. Most use an intermediary who has to put up with their crap. So I went to several of my intermediaries and I got the same response from both. That's an OLD WIVES TALE! (or should I say NEW wives tale.
First of all let me say that the reports you see and the reports a creditor pulls are 2 different animals.
On the consumer report you see there is a line limit for the display, but there is no line limit on the underlying data which is what the credit scores are generated from.
So just because the report you pull doesn't show something doesn't mean it doesn't still exist.
The credit boards do look to be a good place to pick up some data and stay abreast of the Credit vultures like Cap One but it is a public forum and a lot of the data is just wishful thinking.
Oh, and a file split doesn't happen because of too many inquiries. It happens from new, different (usually wrong) data being reported by one of your creditors. Many of these errors are incorporated into your file which is why you might see your name reported with 2 different spellings, different middle names, or wrong addresses. As to what causes the (very, very, very rare) split, there isn't a hard and fast answer except that it is new data not inquiries.
For years I had 2 credit accounts and it was great because I knew how to fill out loan apps to cause them to access the credit history I wanted them to. This way all my debts didn't show.
Go ahead and pull your file daily. All it will do is cost you $$$ and maybe cause a potential creditor to say "Hmmmmmmm, I wonder what he's up to?". Of course if they get the idea that you have been doing it to cover up credit glitches like thru multiple disputes then they'll just turn you down.
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