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Why do they pull 2 or even all 3 CBs?

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BearsAndTurtlesRtheBest
Senior Contributor

Why do they pull 2 or even all 3 CBs?

For example BofA, AMEX and all those banks that double or triple you. I think maybe if they dont like the first one they pulled maybe another one will look better that way you can get approved. Or is it for another reason?

Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
Chapter 7 BK Dischagred on 07/11/16. Gardening Since 01/17/2019
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pizzadude
Credit Mentor

Re: Why do they pull 2 or even all 3 CBs?

It varies depending on how each company chooses to manage their underwriting process ~ it cost more to pull 2 or 3 verses 1 CRA but since each report can contain different information, it's riskier to only pull one report.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 6
BearsAndTurtlesRtheBest
Senior Contributor

Re: Why do they pull 2 or even all 3 CBs?

So it could increase you chances of approval if 1 report looks better than another

Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
Chapter 7 BK Dischagred on 07/11/16. Gardening Since 01/17/2019
Message 3 of 6
pizzadude
Credit Mentor

Re: Why do they pull 2 or even all 3 CBs?

Sure ~ it could, if a creditor only pulls a specific report that's cleaner than the others.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 4 of 6
BearsAndTurtlesRtheBest
Senior Contributor

Re: Why do they pull 2 or even all 3 CBs?

Alright go it thanks @pizzadude

Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
Chapter 7 BK Dischagred on 07/11/16. Gardening Since 01/17/2019
Message 5 of 6
pizzadude
Credit Mentor

Re: Why do they pull 2 or even all 3 CBs?

de nada.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 6 of 6
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