How do I stop a second inquiry?

[PCR20]

I applied for two new credit cards because I wanted to earn points while I spend money moving my family from California to Texas. The way I see it, if I'm going to spend 20K why not get some points while I do it. I can pay the balances off before the next statement.

I checked my Transunion and Experian scores and saw they were both over 770, so I figured there would be no problems.

I was shocked to hear that both cards were denied because of derogatory information on my Equifax CR. When I checked Equifax, they have an account that doesn't belong there and I am in the process of having it removed. At this time I was told that over 50% of all credit reports have some sort of error, and most of the errors are on Equifax. Not good.
 

My question.

Is there a way to re-apply for the same credit cards without having them do a full inquiry?
I don't want to add two more inquires as I know they have an adverse effect on my scores.

Thanks,

[Tuscani]

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TCarson wrote:

I applied for two new credit cards because I wanted to earn points while I spend money moving my family from California to Texas. The way I see it, if I'm going to spend 20K why not get some points while I do it. I can pay the balances off before the next statement.

I checked my Transunion and Experian scores and saw they were both over 770, so I figured there would be no problems.

I was shocked to hear that both cards were denied because of derogatory information on my Equifax CR. When I checked Equifax, they have an account that doesn't belong there and I am in the process of having it removed. At this time I was told that over 50% of all credit reports have some sort of error, and most of the errors are on Equifax. Not good.
 

My question.

Is there a way to re-apply for the same credit cards without having them do a full inquiry?
I don't want to add two more inquires as I know they have an adverse effect on my scores.

Thanks,

---

You could ask them to reconsider and fax an updated report if Eq deletes. But generally they will want to pull themselves. Don't fret, Inqs are a very small percent of your score and their affects quickly dissapate.

[Anonymous]

Technically, no.  But I'm sure someone will post here with a method to try or to remove the inqs you already got

I'm just curious why it costs 20k to move.  I moved 12,000 miles for half that amount (OK, it was only one person and not a family, but it was a relocation over a large body of ocean, and I used top-notch moving companies).  Is there a less expensive way to do it? Plus, beware that cashback rewards cards sometimes have limits on the amount of cash you can get back.

[PCR20]

Thanks for the replies.

As for why so much to move... between buying a better trailer for the hauling our horse that far (and needing a better one anyway - the roads in east Texas "ain't like the roads out there in Cali" ) fixing up the house to sell here, buying the simple things for Texas v California lifestyle changes... I think 20K is going to come out to be a very, very conservative estimate.

Looking around this web site and trying out the "Reveal your FICO future" feature brings up my 2nd question.
Is this thing anywhere near correct? I can't see how it is anywhere near the ballpark.

My example, using the incorrect Equifax score of 686, says if I pay my bills for three months (all three of them including mortgage) my score will go from 686 to 804-846 !
This is not by even paying anything off.

I don't see that this would be the case.

Message Edited by TCarson on 05-12-2007 06:19 PM