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gen-specific
Posts: 314
Registered: ‎02-27-2013
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Re: Matrix of which credit report will be pulled


enharu wrote:

if u ever find out let me know too :smileytongue:

the easiest way is to just switch everything to your mom's address, apply, and then switch everything back to your home address after you're back home. that way it's guaranteed to pull from the other bureau


 

 

lol thats not how it works.

 

 

LENDERS incorporated in different regions of the country are more likely to USE different credit reporting companies.

 

so a lender incorporated in california may be more likely to use Transunion, and a lender incorporated in New York may be more likely to use Experian

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Revelate
Posts: 9,477
Registered: ‎12-30-2011
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Re: Matrix of which credit report will be pulled

No, because they're going to ask you how long you've lived there.  Then if you've lived in a place less than 5 (or is it 7?) you're going to have to disclose your prior address.  Not doing so could be considered fraud.

 

They'll likely pull the old address figuring that bureau has the best information based on the original regional distribution of CRA's when they were first setup.

 

I don't really see the point, if some lender wants to deny me for excessive inquiries that's their choice, and literally everything I apply for winds up on EX unless like others have mentioned I chase specific pullers of other bureaus (like my DCU / USAA relationships). 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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myjourney
Posts: 26,602
Registered: ‎02-07-2013
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Re: Matrix of which credit report will be pulled


gen-specific wrote:

enharu wrote:

if u ever find out let me know too :smileytongue:

the easiest way is to just switch everything to your mom's address, apply, and then switch everything back to your home address after you're back home. that way it's guaranteed to pull from the other bureau


 

 

lol thats not how it works.

 

 

LENDERS incorporated in different regions of the country are more likely to USE different credit reporting companies.

 

so a lender incorporated in california may be more likely to use Transunion, and a lender incorporated in New York may be more likely to use Experian


You got it and we can confirm an address change will help pull from different CB's found a article Lol

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Super Contributor
enharu
Posts: 6,980
Registered: ‎02-27-2013
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Re: Matrix of which credit report will be pulled


myjourney wrote:

enharu wrote:

if u ever find out let me know too :smileytongue:

the easiest way is to just switch everything to your mom's address, apply, and then switch everything back to your home address after you're back home. that way it's guaranteed to pull from the other bureau


enharu i'm looking now Lol 

You know I will let you in on it if I find out for sure :smileywink:


Yup thanks! let me know!

 


gen-specific wrote:
 

lol thats not how it works. 

 

LENDERS incorporated in different regions of the country are more likely to USE different credit reporting companies.

 

so a lender incorporated in california may be more likely to use Transunion, and a lender incorporated in New York may be more likely to use Experian


He is MOVING to his mom's address.

What I suggested is that he ought to change his address to his mom's address as well, so that he will fall under another state. You pretty much just reiterated what I said. 

 

 

 

 

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Moderator
Revelate
Posts: 9,477
Registered: ‎12-30-2011
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Re: Matrix of which credit report will be pulled


gen-specific wrote:

enharu wrote:

if u ever find out let me know too :smileytongue:

the easiest way is to just switch everything to your mom's address, apply, and then switch everything back to your home address after you're back home. that way it's guaranteed to pull from the other bureau


 

 

lol thats not how it works.

 

 

LENDERS incorporated in different regions of the country are more likely to USE different credit reporting companies.

 

so a lender incorporated in california may be more likely to use Transunion, and a lender incorporated in New York may be more likely to use Experian


Only if they happen to pull a single bureau generally, and most of those institutions (CU's come to mind, USAA is another) have historically had their customers nearby... or in USAA's case, a heavy preponderance in the MD/DC/VA area.

 

National lenders will usually pull the bureau where you as the consumer live based on the old historical CRA distribution; sometimes this changes especially if you have a relationship already: odds on bet next time Chase does an inquiry for me it'll land on TU or EQ as they're already well familiar with my EX report.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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myjourney
Posts: 26,602
Registered: ‎02-07-2013
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Re: Matrix of which credit report will be pulled


Revelate wrote:

No, because they're going to ask you how long you've lived there.  Then if you've lived in a place less than 5 (or is it 7?) you're going to have to disclose your prior address.  Not doing so could be considered fraud.

 

They'll likely pull the old address figuring that bureau has the best information based on the original regional distribution of CRA's when they were first setup.

 

I don't really see the point, if some lender wants to deny me for excessive inquiries that's their choice, and literally everything I apply for winds up on EX unless like others have mentioned I chase specific pullers of other bureaus (like my DCU / USAA relationships). 

 


It's a good question because I have not lived at mom's house for 30 years yet still get mail there and I don't use the address? 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Super Contributor
enharu
Posts: 6,980
Registered: ‎02-27-2013
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Re: Matrix of which credit report will be pulled

While this may or may not help, it generally won't help much, especially for companies like Chase. They have been double / triple pulling so there's really nothing that can be done to avoid it.

 

It works to an extent for Citi, but they are still going to pull from EX or EQ. Citi rarely ever pulls TU primarily, and usually do so only in events of double / triple pull.

 

Anyhow since he's moving physically, it's worth a try.

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Senior Contributor
myjourney
Posts: 26,602
Registered: ‎02-07-2013
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Re: Matrix of which credit report will be pulled


enharu wrote:

While this may or may not help, it generally won't help much, especially for companies like Chase. They have been double / triple pulling so there's really nothing that can be done to avoid it.

 

It works to an extent for Citi, but they are still going to pull from EX or EQ. Citi rarely ever pulls TU primarily, and usually do so only in events of double / triple pull.

 

Anyhow since he's moving physically, it's worth a try.


Vacationing for a month

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Super Contributor
enharu
Posts: 6,980
Registered: ‎02-27-2013
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Re: Matrix of which credit report will be pulled

well at least you will be there physically :smileytongue:
Much better than someone applying with his/her parents mailing address when he is physically in another state.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Community Leader
Senior Contributor
myjourney
Posts: 26,602
Registered: ‎02-07-2013
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Re: Matrix of which credit report will be pulled


enharu wrote:

well at least you will be there physically :smileytongue:
Much better than someone applying with his/her parents mailing address when he is physically in another state.

 


Lol

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13



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