topic Is a one day APP Spree to avoid INQ detection? in Credit Card Applications

Is a one day APP Spree to avoid INQ detection?

Anonymous — Mon, 13 Feb 2017 23:25:55 GMT

If the purpose of an app spree is to multiple app to avoid detection of INQ reporting, I'm not so sure that sits with me well from an ethical standpoint. Since the Inq won't report for 24hours or longer, your betting that the banks approve you based on one app to thier knowledge, not mutiple apps. That is the ONLY reason behind an app spree in my mind. I would rather choose A CARD that fits my needs and start off my bank realtionship on an honest good note.

AAOA 3 years 3% utllization no baddies or lates ever $204,000 total CL in my wallet.

Re: Is a one day APP Spree to avoid INQ detection?

Gmood1 — Tue, 14 Feb 2017 00:01:46 GMT

Do what floats your boat my friend. What one consider unethical another considers ethical and within the rules.

Someone could say it's unethical to buy from Amazon. Where I may get a better deal than to buy from a local merchant. In the end, I'm going to buy from the place that gives me the best deal.😀

How bout if I want to choose to app 4 cards that fit my needs? Am I unethical? My point is we all have opinions, that doesn't make any of us right or wrong.

Is it unethical to shop auto loan rates or prices. A dealer may feel it's unethical that I make them work for my business.

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Tue, 14 Feb 2017 00:12:43 GMT

As far as I'm concerned you can apply for a thousand credit cards and at the end of the day the bank will only care that you are spending a lot and paying your bill on time.

Re: Is a one day APP Spree to avoid INQ detection?

MrsCHX — Tue, 14 Feb 2017 00:43:01 GMT

Eh. I've had plenty of inquiries show up almost immediately.

So YOUR interpretation of what and why an app spree doesn't define everyone's experience. Your way works for you. Others know they're going to add multiple cards and want the inquiries and cards to age together.

So feel free to never spree. No one will force you.

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Tue, 14 Feb 2017 01:24:51 GMT

Yeah in this day and age the inquiries are usually pretty immediate. I would bet that at best you might be able to get away with a few seconds to a minute or so before they show up so you would need to have all applications (that hit the same bureau) ready to submit in different tabs or something, then quickly cycle through them all and submit.

Worth the effort? up to you.

Re: Is a one day APP Spree to avoid INQ detection?

elim — Tue, 14 Feb 2017 01:32:24 GMT

Rumor has it, inquiries are instant. Just because all of our monitors are slow, they are posted to our files instantly, and seen by the next lender to pull. It would be nice to have some data on this subject.

Re: Is a one day APP Spree to avoid INQ detection?

AverageJoesCredit — Tue, 14 Feb 2017 01:33:58 GMT

+3. Ive noticed if you apply for a product many times that hp hits quicker than i can huh so if i app something right after and they pull same report, pretty sure theyll see the last pull so i offer the advice just app for whatever you are looking for. App spree means different things to different people so only ones reasons for doing such counts. I guess ive been on one recently but am just waiting on some results to reveal my gran master plan haha!.

Lol, Gmood, " Whatever Floats Your Boat" sweet

Re: Is a one day APP Spree to avoid INQ detection?

CreditCuriosity — Tue, 14 Feb 2017 01:37:17 GMT

As others stated inquiries are instant. You might think you are special, but you are just like the rest of us and the inquiry is instantly show on your CR.. On another note if Lender X pulls TU, Lender Y pulls EX and lender Z pulls EQ you are all set as they won't see them that way... Unless they double pull your or SP another CRA.

Re: Is a one day APP Spree to avoid INQ detection?

fltireguy — Tue, 14 Feb 2017 02:23:24 GMT

A one day app spree isnt to avoid Inq detection, its to avoid NEW ACCOUNT detection!

Re: Is a one day APP Spree to avoid INQ detection?

austinguy907 — Tue, 14 Feb 2017 03:45:38 GMT

LMAO Ethics?!

How about the big bank that opens multiple accounts for you in their best interest to inflate their goals?

How about the banks that sell crap bundled mortgages that lead to the collapse in 2008?

How's that float your boat? Or did you forget and instead collect some plastic from the same ETHICAL banks that you are so worried about?

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Tue, 14 Feb 2017 05:26:03 GMT

Detection is not quite the word I would go for. If a spree ends up with 4 instead of 5 or 6 INQ, then that is great. PM me how you did it, high fives all around. The issue lies with some lenders who soft pull you in subsequent months see the new accounts+ inquiries and question if you are overextending and a potential risk. Since new credit seekers who are MYFICO members generally want CLI after a period of months, or lots of spend, whatever, that puts you on the radar. Every phone call, every love button...it's all documented. Some lenders seem not to care, some who are "mean" may not care to certain members' thick and clean credit profiles.

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Tue, 14 Feb 2017 05:51:27 GMT

@Anonymous wrote:
Detection is not quite the word I would go for. If a spree ends up with 4 instead of 5 or 6 INQ, then that is great. PM me how you did it, high fives all around. The issue lies with some lenders who soft pull you in subsequent months see the new accounts+ inquiries and question if you are overextending and a potential risk. Since new credit seekers who are MYFICO members generally want CLI after a period of months, or lots of spend, whatever, that puts you on the radar. Every phone call, every love button...it's all documented. Some lenders seem not to care, some who are "mean" may not care to certain members' thick and clean credit profiles.

PM sent

For the rest of the class, just google '2 browser method'

Have fun!

Re: Is a one day APP Spree to avoid INQ detection?

UncleB — Tue, 14 Feb 2017 10:13:32 GMT

@fltireguy wrote:
A one day app spree isnt to avoid Inq detection, its to avoid NEW ACCOUNT detection!

In a nutshell, this ^^^^.

I've only done a 'spree' a couple of times, but honestly inquiries were the least of my concern. The reason I chose to 'batch' my applications was that I knew once the new accounts started reporting my score would be impacted from the new accounts and lower AAoA, and I wanted to give myself the best chances possible of approval.

Of course the 'spree' isn't without it's own risks (well-documented on here) but in my case I wasn't extremely aggressive and it worked out... as always, YMMV.

There's no "ethical" concern for me since nobody is being tricked or deceived; the inquiries are said to be instant in most cases anyway, and most lenders do occasional soft-pull ARs so they can always take action later if they don't like what they see (which is related to the risk I mentioned above).

With all things. though, it's not for everybody... I encourage people to do what's best for them.

Re: Is a one day APP Spree to avoid INQ detection?

fltireguy — Tue, 14 Feb 2017 12:12:08 GMT

@Anonymous wrote:
Detection is not quite the word I would go for. If a spree ends up with 4 instead of 5 or 6 INQ, then that is great. PM me how you did it, high fives all around. The issue lies with some lenders who soft pull you in subsequent months see the new accounts+ inquiries and question if you are overextending and a potential risk. Since new credit seekers who are MYFICO members generally want CLI after a period of months, or lots of spend, whatever, that puts you on the radar. Every phone call, every love button...it's all documented. Some lenders seem not to care, some who are "mean" may not care to certain members' thick and clean credit profiles.

Ahem:: Barclays, for example?

Re: Is a one day APP Spree to avoid INQ detection?

kdm31091 — Tue, 14 Feb 2017 14:30:40 GMT

Nowadays this method is pretty much irrelevant anyway because inquiries show up immediately. In the past there was more of a delay.

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Tue, 14 Feb 2017 22:41:43 GMT

Wow, some of the biting replies, I was just throwimg out a topic for discussion. FYI i subscribe to every credit reporting service. 100% of the time so far Experian credit tracker does not notify my of INGQ for a full 24hrs. In fact i have speculated often if i reeived a sp because no instant notification reported.

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Tue, 14 Feb 2017 23:03:06 GMT

I understand the how some might say I have gall talking about Ethics with what the banks did to us a few years ago, but I must say, I have received nothing but VIP treatment from AMEX, DISCOVER,. BOA and CHASE. They treat me like gold.

Re: Is a one day APP Spree to avoid INQ detection?

MrsCHX — Wed, 15 Feb 2017 00:23:54 GMT

Well OP to be fair you came across pretty biting in your post basically calling anyone who app sprees dishonest and unethical. I think the responses matched the tone of the post.

Re: Is a one day APP Spree to avoid INQ detection?

FroggieMom — Wed, 15 Feb 2017 00:52:00 GMT

@Anonymous wrote:
Wow, some of the biting replies, I was just throwimg out a topic for discussion. FYI i subscribe to every credit reporting service. 100% of the time so far Experian credit tracker does not notify my of INGQ for a full 24hrs. In fact i have speculated often if i reeived a sp because no instant notification reported.

This is completely independent of when a INQ hits your report for other lenders to see. I am quite certain all monitoring services check your report every 24 hrs ...not actively every second of the day. So it's perfectly logical that an inquiry is in fact on your report immediately after you apply for credit, but the monitoring service doesn't detect the change until the next day. And you won't get a notification on a SP..that's the whole reason its called a SOFT pull

Re: Is a one day APP Spree to avoid INQ detection?

Anonymous — Wed, 15 Feb 2017 01:45:16 GMT

@fltireguy wrote:
A one day app spree isnt to avoid Inq detection, its to avoid NEW ACCOUNT detection!

Not sure I agree with this. New accounts can take a while to show up. Usually this doesn't happen in days, but rather weeks or even months. If someone apps over the course of several days or even a week or longer, there's a very slim chance that any of the spree accounts would have reported yet.