cancel
Showing results for 
Search instead for 
Did you mean: 

At what time is an inquiry created on our report ?

tag
Chaselover
Frequent Contributor

At what time is an inquiry created on our report ?

When we apply for any credit card, is it the instant we click "submit" that the INQ hits the report ? 

 

If so,

 

For Eg, if v click submit for BCE at 8.00am, and click for CSP at 8.01am, will the Amex credit analyst not be able to see the CSP INQ ? Any thoughts would always be helpful.


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
Message 1 of 17
16 REPLIES 16
1GaDawg85
Valued Contributor

Re: At what time is an inquiry created on our report ?

its pretty much instant....


FICO 5 ,4, 2 - 10/2023                            FICO 8 - 10/2023                                   FICO 9 - 10/2023                                   FICO 10 - 10/2023
     
Message 2 of 17
Anonymous
Not applicable

Re: At what time is an inquiry created on our report ?

The longest I saw from my recent spree was about a week; the shortest was next day.

Message 3 of 17
longtimelurker
Epic Contributor

Re: At what time is an inquiry created on our report ?


@Anonymous wrote:

The longest I saw from my recent spree was about a week; the shortest was next day.


Where were you seeeing them?  Directly on the reports from the CRAs or through 3rd party monitoring?

Message 4 of 17
CreditCuriosity
Moderator Emeritus

Re: At what time is an inquiry created on our report ?

I would have to say pretty much instant if you pulled it form whereever they pulled you from.

Message 5 of 17
Chaselover
Frequent Contributor

Re: At what time is an inquiry created on our report ?

Thank you so much for your responses.

 

My actual doubt is this : 

 

I am almost at the 6 month mark seeding next month. Can I apply for the card with the higest priority first and then go with the ones with lower priority and then when I recon the card that I applied,, (bcoz mostly I wont get instant approval), will they be able to see the cards I applied for after the first application? 

 

 

Scenario:

 

Day 1, 8am - Applied for Card 1

Day 1, 12pm - Applied for Card 2

Day 1, 3pm - Applied for Card 3

 

The doubt is this : 

 

Day 2 - I am reconing one by one - will the card 1 people be able to see the card 2 and card 3 inq ?

 

In the recon, do they again pull another report during the call ?

 

Thanks alot again in advance. U guys are gr88.


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
Message 6 of 17
1GaDawg85
Valued Contributor

Re: At what time is an inquiry created on our report ?

they could pull another report depending on lender. and yes they will see that you have applied for 2 other cards as well 


FICO 5 ,4, 2 - 10/2023                            FICO 8 - 10/2023                                   FICO 9 - 10/2023                                   FICO 10 - 10/2023
     
Message 7 of 17
CreditCuriosity
Moderator Emeritus

Re: At what time is an inquiry created on our report ?

The will see it if they do a SP of the CRA that you applied for the other cards with, if card 1 you apply and they pull TU on you and card two they pull EX on you, then you recon and they use the same CRA's they won't see it, but if both are tu and they actualyl do SP you vs. looking at the original HP then they will see it.  Will it make a difference?  No clue, depends on the lender I suppose and how big of APP spree you are going on

Message 8 of 17
Anonymous
Not applicable

Re: At what time is an inquiry created on our report ?

In my experience, it's usually between 0-2 hours.

Message 9 of 17
Themanwhocan
Senior Contributor

Re: At what time is an inquiry created on our report ?

When a company does a HP to obtain one of your credit bureau reports, that bureau's computers have to access the database. It basically works like this: The computer requests a semaphore lock on your records, to prevent anyone else from accessing them. That request either succeeds, or it is denied because someone else has exclusive access. Once access is granted, it will send the data to the company making the request, it will update your records to show the new HP, and finally it will release the semaphore lock.

 

So, if you are hoping that multiple HP requests from multiple companies will all receive the same count of the number of HP's from the same credit bureau, that isn't going to happen. Its just how databases are designed.

 

But, that isn't the reason people do multiple applications at the same time! Sure each HP can affect your FICO score, but multiple companies could pull from different credit bureaus. Of course, they can pull multiple bureaus as well. However, you might have used an HP and then been denied additional credit. Or you might have gained a limit increase on an existing card. Or you might have obtained a new credit line/card. IF you obtained a new credit card, that will also affect your FICO score, but not until the company reports the new credit line/card to all of the credit bureaus. New credit lines are not instantaneously reported to the credit bureaus. Often it requires a human to at least glance at what the computers approved, so that they can correct any major errors that may have occured. So this can take hours, or days. Or even longer on rare occasions. But at least "hours" is a pretty safe bet. Unless you are trying to apply for multiple cards from the same company, then every second might count Smiley Wink

 

So if you do multiple applications at once, the different companies might see some of your HP inquiries if they pull the same bureau, otherwise they won't. But they definitely won't see any new credit cards or credit increases, at least not if you are quick about applying.

 

Of course, once a company gives you a credit line/card, they can do SP audits whenever they want. And if they check up on you, and see you did WAY too many applications, they may decide to stop doing business with you. 

 

So a small App Spree can be beneficial if it fits with your card strategy. And if you are flexible and can STOP when you get an unexpected denial. Multiple apps that are generating denials and toy starting limits isn't a good strategy. Waiting until its been 6 or more months since your last application or cli, plus also waiting until your FICO scores are strong enough to give your likely instant approvals with good starting limits, is a good strategy.

 

So, its a tool. You can use a hammer to build something, or destroy something. Similarly you can use an App Spree to build your credit, or destroy it. Its your choice.





TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752    
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800
Message 10 of 17
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.