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Valued Contributor
Posts: 1,074
Registered: ‎04-24-2008
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Just had 3 hard inquiries last 2 days for new credit.....

Thought I share this information with the board.....

 

Just had 3 hard inquiries last 2 days from Dillards, Nordstrom, and Best Buy.

All 3 pulled from EQ. My score was 682 and it dropped to 680. Two HUGE points.

 

Now why does Dillards, Nordstrom and Best Buy all pulled EQ?

What's the purpose of having EX and TU than?

My TU score is the highest cause the last 2 years, I have ZERO inquiries on TU and 3 on EX.

 

Does some BANKS prefer one over another?

Can anyone shine some lights on this for me?

I've searched and couldn't come up with anything.....

 

Thanks in advance !!

Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
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Re: Just had 3 hard inquiries last 2 days for new credit.....

EQ, TU, and EX are competing companies.  I imagine banks favor different ones for various reasons, probably having in part to do with pricing arrangments for agreeing to exclusively use their services in different market segments.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Valued Contributor
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Re: Just had 3 hard inquiries last 2 days for new credit.....


Walt_K wrote:

EQ, TU, and EX are competing companies.  I imagine banks favor different ones for various reasons, probably having in part to do with pricing arrangments for agreeing to exclusively use their services in different market segments.


It just seems like TU is not even in the game anymore. Rarely have I had any banks or creditors pull TU. Like I stated, it's been over 2 years, and none have pull TU. It's been all EX and EQ and more and more are pulling EQ based on what I've read including my last 3 inquiries. My EX had 3 and 2 of those were from ATT Uverse and Clear Wireless (grrrrr....).

 

I am just baffled by all the inquries from EQ and EQ only. Smiley Sad

 

 

Regular Contributor
Posts: 198
Registered: ‎10-22-2010
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Re: Just had 3 hard inquiries last 2 days for new credit.....

I've never had an EQ pull. All my pulls have been EX and I've had 1 TU pull when I asled Discover for a CLI.

 

I don't know what my initial pulls were from Citi Student Loan in 2006 or Discover in 2008.

What's In My Wallet:American Express Starwood Preferred Guest Business Card, American Express Costco True Earnings, Citi AA Visa, Barclays US Air, Citi Prestige
What's In My Sock Drawer: Chase Sapphire Preferred, Discover More, Bank of America Accelerated Rewards AmEx, SME FCU Visa
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Posts: 4,875
Registered: ‎11-02-2010
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Re: Just had 3 hard inquiries last 2 days for new credit.....

My understanding is that different regions of the country pull from different bureaus, so it depends on where you and/or the lender are located. I'm in Florida, and Orchard and FP both pulled from TU; Kay's, JCP and Dillard's pulled from EQ; a merchant account that was approved for my business was pulled from EX; Cap1 pulled from all three. It just seems to depend.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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Re: Just had 3 hard inquiries last 2 days for new credit.....

 


tntexans72 wrote:

Walt_K wrote:

EQ, TU, and EX are competing companies.  I imagine banks favor different ones for various reasons, probably having in part to do with pricing arrangments for agreeing to exclusively use their services in different market segments.


It just seems like TU is not even in the game anymore. Rarely have I had any banks or creditors pull TU. Like I stated, it's been over 2 years, and none have pull TU. It's been all EX and EQ and more and more are pulling EQ based on what I've read including my last 3 inquiries. My EX had 3 and 2 of those were from ATT Uverse and Clear Wireless (grrrrr....).

 

I am just baffled by all the inquries from EQ and EQ only. Smiley Sad

 

 


 

You can do some research before you apply for credit, though I understand that in your case they are all cobranded store cards and you dont have choice of lender.

 

I also feel that most lenders pull EQ (If I remove inquiries which are on all my files like cap1 / amex) I have twice of ex+tu on my eq.

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Established Contributor
Posts: 736
Registered: ‎07-07-2010
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Re: Just had 3 hard inquiries last 2 days for new credit.....

Did you get accepted ? credit lines? 

__________________________
01/11/2011: FICO:TU: 746
12/14/2010: FICO:EQ: 744
08/12/2011: FICO:EXP: 766
Valued Contributor
Posts: 1,074
Registered: ‎04-24-2008
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Re: Just had 3 hard inquiries last 2 days for new credit.....


gbishere wrote:

Did you get accepted ? credit lines? 


Got approved right away for the BB card with a CL of $750.

Waiting on Nordstrom & Dillards (7-10 days).

I could call in with the app # but I'll wait.

I haven't asked for any credit for over a year, hopefully they will all approve.

My UTIL is down to 10% but I have one baddie (medical 6yrs ago).
It's been no late payments, etc...last 6yrs.

Once the baddie falls off in 1yr, my score should jump to 700+.

I have no department store cards and I thought I applied.

Fingers crossed.

 

 

 

 

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Regular Contributor
Posts: 198
Registered: ‎03-23-2011
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Re: Just had 3 hard inquiries last 2 days for new credit.....

it's all about where you live and what deal the creditor has with them some are exclusive and some pull all 3 hsbc has a deal with eq just like amex has a deal with ex as for dilards i believe that is ge bank if so there a eq exclusive as well

always use credit wisely and you won't ever feel like you're working just for the task master
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