Reply
Regular Contributor
Posts: 199
Registered: ‎01-26-2013
0

Time Frame?

I got an alert from my credit monitoring service about a new hard inquiry yesterday from my local credit union. I haven't applied for any loans or credit cards from them, so I immediately call them and question them about it. After speaking to a couple people and stating that they somehow couldn't locate it (they told me that they mainly pull Equifax), they finally found it and apologized. They told me that they are in the process of removing it from my CR.

 

My question is, how long does it take for a lender to remove the unauthorized inquiry? How long will it take until it updates on my CR? It was Transunion, by the way.

 

I appreciate any input!

Discover IT: $18k | Chase Freedom: $5k | CSP: $7k | AMEX BCE: $25k | BankAmericard Cash Rewards: $5,4k | Citi Double Cash: $4,7k | Cap1 QS: $6k | Sallie Mae: $5k | US Bank Cash+: $5k | Chevron: $3,5k | Macy's Store: $4,2k; Macy's AMEX: $6k | Kohl's: $2k
Valued Contributor
Posts: 1,074
Registered: ‎02-06-2013
0

Re: Time Frame?

   It should happen very quickly. I would say less than a week. It is bizarre that they "mistakenly" hard pulled your credit report. Did  they offer you an explanation other than it was a mistake?

300/21001100/13001500/25001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632.. If youlike this could you please give me a kudo by clicking that blue button over to the left? Thanks.Link to my Rebuild Log
Regular Contributor
Posts: 199
Registered: ‎01-26-2013
0

Re: Time Frame?


dddewdrop wrote:

   It should happen very quickly. I would say less than a week. It is bizarre that they "mistakenly" hard pulled your credit report. Did  they offer you an explanation other than it was a mistake?


No explanation. I do bank with them and have a loan that will be paid off come May of this year. I've had that loan since 12/2007 and they haven't done any HPs until now.

Discover IT: $18k | Chase Freedom: $5k | CSP: $7k | AMEX BCE: $25k | BankAmericard Cash Rewards: $5,4k | Citi Double Cash: $4,7k | Cap1 QS: $6k | Sallie Mae: $5k | US Bank Cash+: $5k | Chevron: $3,5k | Macy's Store: $4,2k; Macy's AMEX: $6k | Kohl's: $2k
Epic Contributor
Posts: 21,245
Registered: ‎03-19-2007
0

Re: Time Frame?

It was not actually an unauthorized inquiry.  Your current creditors have permissible purpose to pull your CR at any time to conduct internal review of your credit.

 

It was a simple mis-coding of their inquiry.  Specific codes are provided for creditors to make inquiries for intenal account reviews.

 

Highlighted
Regular Contributor
Posts: 199
Registered: ‎01-26-2013
0

Re: Time Frame?


RobertEG wrote:

It was not actually an unauthorized inquiry.  Your current creditors have permissible purpose to pull your CR at any time to conduct internal review of your credit.

 

It was a simple mis-coding of their inquiry.  Specific codes are provided for creditors to make inquiries for intenal account reviews.

 


But 6 years after the fact? I've seen them do SPs from time to time, but this is the first HP since I acquired the loan through them. It really does not make sense since I've never missed a payment and its almost paid off.

 

I guess it must be a miscoding. I know HPs only take a few points off your credit score, but I'd rather use it on something worthwhile like a new CC or CLI. It feels like I took a HP for nothing Smiley Frustrated

Discover IT: $18k | Chase Freedom: $5k | CSP: $7k | AMEX BCE: $25k | BankAmericard Cash Rewards: $5,4k | Citi Double Cash: $4,7k | Cap1 QS: $6k | Sallie Mae: $5k | US Bank Cash+: $5k | Chevron: $3,5k | Macy's Store: $4,2k; Macy's AMEX: $6k | Kohl's: $2k
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.