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Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
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Re: How fast do inquiries hit?

i really doubt it's instant, otherwise people wouldn't get approved for 20 cards in a day. In monitoring reports it always posts next day. I never got an AA from applying for 6 cards in a day.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
Posts: 263
Registered: ‎08-14-2011
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Re: How fast do inquiries hit?


distantarray wrote:

i really doubt it's instant, otherwise people wouldn't get approved for 20 cards in a day. In monitoring reports it always posts next day. I never got an AA from applying for 6 cards in a day.


I wouldn't count out the inquiries hitting near instantly.  Our monitoring programs update daily, true.  But that's different than pulling a report.

 

I would bet that if you generated an inq and then pulled a full credit report on myFico, you would see that inq on the report.

 

Were I someone's potential creditor, I would want any hard pull I paid for to include up to the minute information on which I could make my decision.

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Established Contributor
Posts: 955
Registered: ‎02-02-2013
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Re: How fast do inquiries hit?

[ Edited ]

Some sub prime lender actually are able to make the inquiries appear BEFORE the applicant actually applies nowadays.

 

its a kind of magic.


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Established Contributor
Posts: 650
Registered: ‎03-01-2012
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Re: How fast do inquiries hit?

I read somewhere that multiple inquiries from the same creditor on the same day will get collapsed ito one after a day or so.  Is this true?


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My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
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Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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Re: How fast do inquiries hit?


VirtualCuriosity wrote:

myjourney wrote:

Before you see the approval screen Lol


It's actually when you are filling out an app LOL.  IF you change your mind and hit escape, it's only a SP. 


What is the source of this info? I don't think this is accurate. In all the web forms, the front end verification like if you filled all the required fields or not, if your phone number is numerical etc is done on your browser side. The bank gets your data only when you click submit. There is no reason to design a more complex system.

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Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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Re: How fast do inquiries hit?


pakman92 wrote:

I read somewhere that multiple inquiries from the same creditor on the same day will get collapsed ito one after a day or so.  Is this true?


YES

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Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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Re: How fast do inquiries hit?


distantarray wrote:

i really doubt it's instant, otherwise people wouldn't get approved for 20 cards in a day. In monitoring reports it always posts next day. I never got an AA from applying for 6 cards in a day.


Monitoring services run a batch job every night.

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Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Member
Posts: 38
Registered: ‎12-31-2012
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Assuming that inquiries are instant ... Then how can app...

Assuming that inquiries are instant ... Then how can app sprees be successful? Wouldn't the multiple inquiries make each successive app less likely to be successful? Or is an inquiry separate from an account actually being opened on one's CR? If so, when does the latter update?

Regular Contributor
Posts: 194
Registered: ‎01-26-2013
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Re: Assuming that inquiries are instant ... Then how can app...


Nord wrote:

Assuming that inquiries are instant ... Then how can app sprees be successful? Wouldn't the multiple inquiries make each successive app less likely to be successful? Or is an inquiry separate from an account actually being opened on one's CR? If so, when does the latter update?


It depends what CR the lender pulls, how many inquiries you have on that CR and the lenders' sensitivity to the amount of your inquiries. So if Lender A pulls on TU and Lender B pulls on EX, they won't see the inquiries.

 

A hard inquiry is a seperate category in determining your FICO score. So are new accounts (AAoA). A new account doesn't hit your CR instantaneously, but rather days or weeks later, depending on the lender.

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Member
Posts: 19
Registered: ‎03-11-2013
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Re: How fast do inquiries hit?

I think that inquiries are only an issue when there are other issues and/or for certain lenders. This is why I think that people get approved with 20 apps a day... because it's not always important as people think it is to not have inquiries. I got approved for a card with 15 inquries and my girlfriend got denied with 2 inquiries. When they want to deny you, they're going to give you a reason but doesn't mean it's necessary the only factor.

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