Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
Equifax says myFICO is a hard inquiry but...

myFICO maintains it is soft.

 

I ordered the Score Watch product and found an inquiry I wanted to dispute.  Called the Equifax bureau number on the myFICO report, and the Agent (who spoke in a heavy foreign accent) told me to call the creditor directly and then before hanging up told me that there was an inquiry from today.  He told me it was from myFICO.  True, I did sign up for the program but why the Agent said it was a hard inquiry had me plexed.

 

I called myFICO and the Agent told me Equifax was wrong.  When I told her that it's difficult to not believe the bureau themself she said to trust her and then she backed it up by directing me to the part in the inquiries page that explains no inquiries are displayed that are of zero consequence.  That seems to be believable, too.

 

So, when you all review your full credit reports does myFICO appear in the soft or hard inquiry category?

 

Thanks in advance!


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
Re: Equifax says myFICO is a hard inquiry but...

Anytime a consumer checks their own CR it is a SP, or doesn't affect your credit.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Frequent Contributor
brother7
Posts: 376
Registered: ‎02-06-2009
Re: Equifax says myFICO is a hard inquiry but...

Hmm...

 

I signed up for Scorewatch 11/15/2011. I pulled my second Scorewatch report 10/16/2012.

 

I pulled my EQ report from annualcreditreport.com on 10/22/2012. The Inquiries section of the EQ report reads like this:

 

 

EQUIFAX   10/22/2012

FAIR ISAAC   10/16/2012, 11/15/11

ND-FAIR ISAAC   11/15/11

 

EQUIFAX or EFX    Inquiries with these prefixes indicate Equifax's activity in response to your contact with us for a copy of your credit file or a research request.

ND   Inquiries with this prefix are general inquiries that do not display to credit grantors. (ND inquiries remain for 24 months.)

 

 

Now I'm confused. It looks like myFICO did a soft AND hard pull when I initially signed up for Scorewatch, then did a hard pull when I got the second report. That doesn't sound quite right. Can someone explain?


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
07/07/2014 Current - EQ 794 (Walmart Discover TU FICO 08 Classic)
GOAL - 800! - App free since 03/13/2014
Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
Re: Equifax says myFICO is a hard inquiry but...

See?  That's why I'm so curious.  I know it's supposed to be soft but it's peculiar to me the bureau says otherwise.  myFICO isn't extending credit so soft makes sense.  I guess we need more proof from those that have the service and have reports run some time after the pull.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
Re: Equifax says myFICO is a hard inquiry but...

brother7 wrote:

Hmm...

 

I signed up for Scorewatch 11/15/2011. I pulled my second Scorewatch report 10/16/2012.

 

I pulled my EQ report from annualcreditreport.com on 10/22/2012. The Inquiries section of the EQ report reads like this:

 

 

EQUIFAX   10/22/2012

FAIR ISAAC   10/16/2012, 11/15/11

ND-FAIR ISAAC   11/15/11

 

EQUIFAX or EFX    Inquiries with these prefixes indicate Equifax's activity in response to your contact with us for a copy of your credit file or a research request.

ND   Inquiries with this prefix are general inquiries that do not display to credit grantors. (ND inquiries remain for 24 months.)

 

 

Now I'm confused. It looks like myFICO did a soft AND hard pull when I initially signed up for Scorewatch, then did a hard pull when I got the second report. That doesn't sound quite right. Can someone explain?


Your above comes from the soft inquiries section of your full EQ report. These are softs and not hard inquiries. It's normal.

Frequent Contributor
brother7
Posts: 376
Registered: ‎02-06-2009
Re: Equifax says myFICO is a hard inquiry but...

llecs wrote:
Your above comes from the soft inquiries section of your full EQ report. These are softs and not hard inquiries. It's normal.

You are CORRECT!

 

Since I didn't have any hard inquiries during the prior 2-year period, I only had 1 section of Inquiries listed with the sub-heading "Inquiries that do not impact your credit rating". Thus, all the inquiries I posted previously were soft. I stand corrected, and happily so :smileylol:

 


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
07/07/2014 Current - EQ 794 (Walmart Discover TU FICO 08 Classic)
GOAL - 800! - App free since 03/13/2014
Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011
Re: Equifax says myFICO is a hard inquiry but...

Yeah it is sometimes confusing on the EQ website

ccpics2.jpg
Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
Re: Equifax says myFICO is a hard inquiry but...

OK thanks.  I guess the EQ Agent was uninformed.  While he says the myFICO hit today was hard I guess he was wrong.  I'll pull my report next quarter and see what's on it.  Thanks all!


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Valued Contributor
Epcot
Posts: 2,784
Registered: ‎10-10-2012
Re: Equifax says myFICO is a hard inquiry but...
Is the only place to see who is soft pulling us, a report through the credit bureau directly?

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Established Contributor
TNTransplant
Posts: 772
Registered: ‎01-03-2012
Re: Equifax says myFICO is a hard inquiry but...

Epcot wrote:
Is the only place to see who is soft pulling us, a report through the credit bureau directly?

Yes.


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14