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Frequent Contributor
Posts: 463
Registered: ‎11-28-2012
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HP Inquiry Question

So how are these maintained on your credit reports? Do the creditors report it every month for 2 years or is it set to report automatically and fall of after 2 years?

I only ask because 2 out of 4 inquiries I had (12/12 & 1/13) have just disappeared this month. Is that normal? I am not complaining just curious?

 

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: HP Inquiry Question

I'll happen from time to time. Definitely not worth thinking twice about. 

Mega Contributor
Posts: 19,462
Registered: ‎03-19-2007
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Re: HP Inquiry Question

Inquirees for a consumer credit report are not the reporting of account information to a CRA, they are just the opposite.... requests to view what has been reported. 

Inquires are coded in some mysterious process never published by the CRAs, and not detailed in their credit reporting manual, as they aren't credit reporting.

Inquirees dont regularly update the fact of a prior inquiry.  It's a one-shot coding at occurance.  Many inquiirees have never reported information to the consumer's credit file.

Frequent Contributor
Posts: 463
Registered: ‎11-28-2012
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Re: HP Inquiry Question


RobertEG wrote:

Inquirees for a consumer credit report are not the reporting of account information to a CRA, they are just the opposite.... requests to view what has been reported. 

Inquires are coded in some mysterious process never published by the CRAs, and not detailed in their credit reporting manual, as they aren't credit reporting.

Inquirees dont regularly update the fact of a prior inquiry.  It's a one-shot coding at occurance.  Many inquiirees have never reported information to the consumer's credit file.


I'm sorry you lost me, does the CRA remove/drop these inquiires?

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Senior Contributor
Posts: 3,065
Registered: ‎11-02-2009
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Re: HP Inquiry Question


QAMngrGirl wrote:

RobertEG wrote:

Inquirees for a consumer credit report are not the reporting of account information to a CRA, they are just the opposite.... requests to view what has been reported. 

Inquires are coded in some mysterious process never published by the CRAs, and not detailed in their credit reporting manual, as they aren't credit reporting.

Inquirees dont regularly update the fact of a prior inquiry.  It's a one-shot coding at occurance.  Many inquiirees have never reported information to the consumer's credit file.


I'm sorry you lost me, does the CRA remove/drop these inquiires?


You asked whether the creditors report the inquiry continuously.  I think that is what Robert was responding to.  Creditors are not reporting continuously that they asked for your account information on X date.  Rather, the CRA is making note of the fact that your information was requested on X date.

 

Creditors can delete or recode an inquiry, however, e.g., changing it from a hard pull to a soft pull.


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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