Reply
New Contributor
Mindnumb
Posts: 53
Registered: ‎04-03-2007
0

Does an Inquire effect the the score it was pulled on

or does it show up on the next pull?

Put another way, if your FICO is 660 1 second before a CCC company pulls my credit, will the CCC see the 660, or will it see the (estimated) 650 that your score will be after the pull?
Established Contributor
Revike
Posts: 720
Registered: ‎05-04-2007
0

Re: Does an Inquire effect the the score it was pulled on


Mindnumb wrote:
or does it show up on the next pull?

Put another way, if your FICO is 660 1 second before a CCC company pulls my credit, will the CCC see the 660, or will it see the (estimated) 650 that your score will be after the pull?




The score should reflect the data listed on the accompanying report. So the effect should be immediate. However, if you already have a large number of inquiries, the new inquiry may not affect the score at all. Also, something else may post to the report that cancels out the inquiry effect. So there are certain situations where an inquiry is added, but the score doesn't change.
New Contributor
Mindnumb
Posts: 53
Registered: ‎04-03-2007
0

Re: Does an Inquire effect the the score it was pulled on

Thanks for your reply; I am just over a milestone and have had 3 shown inquires (Job relocation, Cable, Landlord, New Bank Account) that are showing as they were all more than 10 days apart.

I am close to a decent rate (662) but am afraid the an inquire will show damage to the 662 and drop me under 660 to a "not good" score, and trigger a higher rate with worse

If I understand your answer, I should just wait until I'm 10 - 15 points over my minimum otherwise, all things the same, the CCC will pull a lower rate than I see with MyFICO.
Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Does an Inquire effect the the score it was pulled on



Mindnumb wrote:
or does it show up on the next pull?

Put another way, if your FICO is 660 1 second before a CCC company pulls my credit, will the CCC see the 660, or will it see the (estimated) 650 that your score will be after the pull?

In this scenario, it would be the 660. The CCC would see the pre-inq pull score.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

New Contributor
Mindnumb
Posts: 53
Registered: ‎04-03-2007
0

Re: Does an Inquire effect the the score it was pulled on

Thanks. This would make a score mean more.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}