Life span of a "Hard Pull"
 

Read a ton of posts but haven't been able to locate this. How long does a hard pull stay on one's credit report? Thanks.

Two (2) years

Stays on the report for 2 years but stops factoring into credit score after 1.

Any ideas on how much "damage" it actually causes to a credit score of 780 to 800 ish? When doing a 4 or 5 card sign up what kind of hit is a solid score going to take? 10 points? 100 points?

It also depends on your length of Hx. But in my case a 10-15 point hit.

Two years ago, 2 months ago I was in the high 790s and 3 hard inquiries knocked it down 11 points. Today it's back to 1 point above where it started.

Over all or per card?

Why do you care? :confused:

Just because it's still on your credit report, doesn't mean a particular bank looks that far back.

How far back a bank looks is a totally separate question.

For example, Citi looks back only 6 months (typically wanting no more than about 6 or 7 inquiries on your report in that time).

Four fresh inquiries on EQ dropped my FICO score 26 points from an initial score of 812. This was an immediate impact before any new accts reported or other changes. I have a thick file, long history and 8 years avg age of accounts.

Very much a YMMV situation. I'll bump the inqs off in the next week or so. New accounts reporting don't seem to impact my score much, if at all.

Heh, seriously? You can't understand why someone would want to know this information?

Where did you hear that (the 6 months)?

So true, some banks are more lax while others like ex: Barclay is more strict as they look back further and in more detail, also their recon line is also very strict and often unforgiving once judgement is made.

Is it common to have two credit reports that report different hard inquiries?
 

I'm new to viewing credit reports. Is it common to have two credit reports that report different hard inquiries? Both Experian and Equifax reports 10 hard inquiries in the last two years but only 2 of them are the same date and same companies. The other 8 aren't even closely related.

@Super - Different banks/lenders pull different bureaus. Some pull all, some only one or two.

Yes, and that is a great thing. In my case, Chase and Citi generally pull Equifax, Amex and Bank of America pull Experian, and Barclays pulls Transunion. You should learn who pulls where and factor this into your churn plan.

Ohhh I see, great info for a newb! Thanks to the both of ya!

It's highly dependent on geography. Barclays tend to pull TU regardless. In my area, Chase and Citi pull Experian.

You can get a good idea of which credit report is pulled using this database.

http://creditboards.com/forums/index...pp=creditpulls


Usually, only 1 credit report is pulled per app. Capital One pulls all 3 major. Citi and Chase sometimes will pull 2.

As previously mentioned, hard inquiries stay on your reports for 2 years. Damage to FICO usually 15-20 points if you do multiple apps in short span. Negative impact diminishes significantly by 6 months. Some creditors (Barclays and credit unions) are more averse to inquiries.

When doing app-o-ramas, target the creditors to spread the inquiries across different bureaus.

Very good info, Iliopsoas! OT, but you a PT?

med

I'm from the bay too and yes, Chase defaults to EX here. However it is possible to freeze EX and ask a credit analyst to pull a different report. I have successfully gotten them to pull EQ.

So difficult.

http://lmgtfy.com/?q=hard+pull+credit+report

Forget Hard vs Soft pull's, that link was so cool i'm just gonna play with lmgtfy.com all day. lol


Thanks for the info..

For EQ and TU, there is a trick where you can "bump" the hard inquiries off your reports before the 2 years.

go on...

Permission to speak granted :)

B* hasn't worked for TU in a few years. Stop spreading disinformation. It still works for EQ.

more info please

http://www.relentlessfinancialimprov...ries-from.html

is this accurate info?

Are you sure about that? I just bumped a bunch of inquiries off my EQ and TU reports recently.

Yes, that's accurate.

For TU, use SmartCredit Premium and/or TransunionPlus. You need 65 instead of 85 hard/soft total.

Some people have argued that bumpage doesn't work with TU because all the inquiries remain on your TU Enhanced reports. However, when creditors pull your reports, they don't see that information from your enhanced report. Some disagreement exists here but I'm in the camp that says it works.

However, note that other companies such as Advanced Resolution Services (ARS) keep track of the # of credit applications you've had and sell them to banks. So despite B*, sometimes banks will know how many applications and inquiries you've had any way.

Whether or not the inquiry is on your report, they can still see the accounts you have currently, their credit limits, and the date each account was created. I don't see why the "hard pulls" are so important.

I'm a programmer, so it just makes sense to me that they'd be able to chomp on that data and figure it out for themselves.

I wonder if some credit algorithms are already advanced enough to ignore the inquiries physically listed on the report and instead infer the actual number of inquiries based on your accounts and account age.

Experian factors it in for the full 2 years according to my Experian "Plus" score monitoring service.

It's been written many times that attempting to B* will work temporarily and after a while the inquiries have re-appeared weeks or months later.

Google it on flyertalk.

I'm currently at:
EX: 12
EQ: 1 (Few more days for it to fall off)
TU: 6

Successfully using B* on TU hasn't worked for many for quite some time. Also, there are ways of triggering the INQ's back on to Equifax as well.

Irrelevant. A credit writer can see that stuff and make those conclusions, but during the initial application process if you are granted a credit card without having to talk to a rep (or credit writer) or recon for one.....they will never be the wiser.

I have been using EQ inquiries for credit line increases and new chase cards. Bumped the INQ's off and gotten new cards during my "clean" report period.

I'm not saying that B* doesn't work in real world situations. Obviously from your experience and others, it must be useful. But the whole process just doesn't make sense to me from a data standpoint. The data is all there in the credit report. I don't understand why they have to rely on an inquiry value to compute credit worthiness. Maybe they need to hire better programmers.

They are going to have to. Equifax has been trying to kill B* for years and put out many speed bumps to slow it down.

I'm rather surprised creditors haven't done the same thing. Easiest way would be to look at new accounts and AAoA. But if you think about it, how can the company determine if these new accounts didn't come from credit pulls with Experian and Transunion?

My AAoA took a huge beating in 2012 with all the credit cards I app'd and got. Backdating by AMEX certainly helped a little. I'm at one inquiry and pulling every day to get it off.

USAA now ony allows one credit report a month, FYI. So, can't do daily pulls.

I hear if you call them and mention you want unlimited pulls, they have a product for that even though it doesnt show online. Havent tried but that is what I hear.

Their deal works about the same as Amex Credit Secure. Basic 1-3x per month product, but you can upgrade it to unlimited pulls for @ double the price. I have the unlimited USAA puller still. When I called to cancel when they changed to 1x monthly late last year, they offered me 6 months unlimited pulling at the 1x pull price. After 6 months, it basically doubles in price.

True, but FAKO scores are for entertainment purposes only. :D FICO is what matters, and after 1 year, the inquiry is completely ignored for scoring purposes.

Congratulations on being WRONG.

I pull daily with USAA.

You may be thinking about American Express's credit puller which used to be daily then turned into 3 times per month.

Report Type Order Date Expiration Date
3B Report w/3B Scr/Analysis/Fct 3/22/2013 4/21/2013
3B Report w/3B Scr/Analysis/Fct 3/21/2013 4/20/2013
3B Report w/3B Scr/Analysis/Fct 3/20/2013 4/19/2013
3B Report w/3B Scr/Analysis/Fct 3/19/2013 4/18/2013
3B Report w/3B Scr/Analysis/Fct 3/18/2013 4/17/2013
3B Report w/3B Scr/Analysis/Fct 3/17/2013 4/16/2013
3B Report w/3B Scr/Analysis/Fct 3/16/2013 4/15/2013
3B Report w/3B Scr/Analysis/Fct 3/15/2013 4/14/2013
3B Report w/3B Scr/Analysis/Fct 3/14/2013 4/13/2013
3B Report w/3B Scr/Analysis/Fct 3/13/2013 4/12/2013
3B Report w/3B Scr/Analysis/Fct 3/12/2013 4/11/2013
3B Report w/3B Scr/Analysis/Fct 3/11/2013 4/10/2013
3B Report w/3B Scr/Analysis/Fct 3/10/2013 4/9/2013
3B Report w/3B Scr/Analysis/Fct 3/9/2013 4/8/2013
3B Report w/3B Scr/Analysis/Fct 3/8/2013 4/7/2013
3B Report w/3B Scr/Analysis/Fct 3/7/2013 4/6/2013
3B Report w/3B Scr/Analysis/Fct 3/6/2013 4/5/2013
3B Report w/3B Scr/Analysis/Fct 3/5/2013 4/4/2013
3B Report w/3B Scr/Analysis/Fct 3/4/2013 4/3/2013
3B Report w/3B Scr/Analysis/Fct 3/3/2013 4/2/2013
3B Report w/3B Scr/Analysis/Fct 3/2/2013 4/1/2013
3B Report w/3B Scr/Analysis/Fct 3/1/2013 3/31/2013
3B Report w/3B Scr/Analysis/Fct 2/28/2013 3/30/2013
3B Report w/3B Scr/Analysis/Fct 2/27/2013 3/29/2013
3B Report w/3B Scr/Analysis/Fct 2/26/2013 3/28/2013
3B Report w/3B Scr/Analysis/Fct 2/25/2013 3/27/2013
3B Report w/3B Scr/Analysis/Fct 2/24/2013 3/26/2013
3B Report w/3B Scr/Analysis/Fct 2/23/2013 3/25/2013
3B Report w/3B Scr/Analysis/Fct 2/22/2013 3/24/2013

^^^ This

I called to cancel USAA because they changed the product. They offered me daily pulls for the same price I was paying before.