topic Re: Questions about Inquiries and Account Reviews in Credit Cards

Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 20:14:41 GMT

For the past year, for some reason TransUnion has only been counting my “recent” inquiries (i.e. inquiries within the last 6 months). Every credit monitoring service I have used (i.e. myFico, Credit Karma, Credit Sesame, and a few others) have only being showing between 2-3 inquiries on TU, even though I really have 12 in the past 2 years.

Sometimes TU would add an inquiry and then remove it the next month, but it always showed between 2-3 inquiries on these crediting monitoring services. If I were to look at a hard copy of my credit report directly from TU, it would show all 12 inquiries – it just never showed them on any credit monitoring service, even if I was looking at my full report.

Back in March I went on an app spree, and one of the cards I got was the Ring (Barclay is a TU puller) and at the time of app my TU was only showing 2 inquiries.

Fast forward to today, I get an alert from myFico saying my TU score has changed. Sure enough my score dropped 12 points. I look at the reason and it says “too many inquiries in last 12 months.” I’ve only added one inquiry to my TU report since I app’d for the Ring,

So I head over to CK since it’s time for my weekly update anyway, and sure enough, it says 10 inquiries have been added to my TU report since my last update a week ago So I look at the inquiries and they are all old ones from last year.

So here’s my questions:

Why in the heck did I lose 12 points on TU when these are old inquiries?

If TU’s own computer system couldn’t figure out that these are old inquiries that had already been on my report, does this mean my credit card companies’ computer systems are also going to view this the same way? Meaning, is it going to look to a computer reviewing my account that I just added 10 inquiries to my TU report?

My main concern is with Barclay, since they SP my TU report constantly and we know they are new account and inquiry sensitive.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 20:26:58 GMT

@Anonymous wrote:
For the past year, for some reason TransUnion has only been counting my “recent” inquiries (i.e. inquiries within the last 6 months). Every credit monitoring service I have used (i.e. myFico, Credit Karma, Credit Sesame, and a few others) have only being showing between 2-3 inquiries on TU, even though I really have 12 in the past 2 years.

Sometimes TU would add an inquiry and then remove it the next month, but it always showed between 2-3 inquiries on these crediting monitoring services. If I were to look at a hard copy of my credit report directly from TU, it would show all 12 inquiries – it just never showed them on any credit monitoring service, even if I was looking at my full report.

Back in March I went on an app spree, and one of the cards I got was the Ring (Barclay is a TU puller) and at the time of app my TU was only showing 2 inquiries.

Fast forward to today, I get an alert from myFico saying my TU score has changed. Sure enough my score dropped 12 points. I look at the reason and it says “too many inquiries in last 12 months.” I’ve only added one inquiry to my TU report since I app’d for the Ring,

So I head over to CK since it’s time for my weekly update anyway, and sure enough, it says 10 inquiries have been added to my TU report since my last update a week ago So I look at the inquiries and they are all old ones from last year.

So here’s my questions:

Why in the heck did I lose 12 points on TU when these are old inquiries?

If TU’s own computer system couldn’t figure out that these are old inquiries that had already been on my report, does this mean my credit card companies’ computer systems are also going to view this the same way? Meaning, is it going to look to a computer reviewing my account that I just added 10 inquiries to my TU report?

My main concern is with Barclay, since they SP my TU report constantly and we know they are new account and inquiry sensitive.

Maybe, but even if that is the case you should be able to explain that those are old inquiries by just calling and talking to an analyst if they take any AA.

If they say that this is too many for them, you can't technically argue since that would imply the only reason they approved you is because they saw an inaccurate report. However i doubt you will have any problems just with some 2014 inquiries. I applied for Barclays with 8 inquiries in the previoust 8 months and they gave me a 10k limit.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 20:39:02 GMT

@Anonymous wrote:
Maybe, but even if that is the case you should be able to explain that those are old inquiries by just calling and talking to an analyst if they take any AA.
If they say that this is too many for them, you can't technically argue since that would imply the only reason they approved you is because they saw an inaccurate report. However i doubt you will have any problems just with some 2014 inquiries. I applied for Barclays with 8 inquiries in the previoust 8 months and they gave me a 10k limit.

I hope I don't have to worry about it. I'm just afraid that if the computer does take AA, that even under a manual review they'd say that if they would have known I had so many inquiries they wouldn't have approved me in the first place... lol. It just sucks - darn you TU!

Re: Questions about Inquiries and Account Reviews

kdm31091 — Sat, 08 Aug 2015 22:17:17 GMT

@Anonymous wrote:
For the past year, for some reason TransUnion has only been counting my “recent” inquiries (i.e. inquiries within the last 6 months). Every credit monitoring service I have used (i.e. myFico, Credit Karma, Credit Sesame, and a few others) have only being showing between 2-3 inquiries on TU, even though I really have 12 in the past 2 years.

Sometimes TU would add an inquiry and then remove it the next month, but it always showed between 2-3 inquiries on these crediting monitoring services. If I were to look at a hard copy of my credit report directly from TU, it would show all 12 inquiries – it just never showed them on any credit monitoring service, even if I was looking at my full report.

Back in March I went on an app spree, and one of the cards I got was the Ring (Barclay is a TU puller) and at the time of app my TU was only showing 2 inquiries.

Fast forward to today, I get an alert from myFico saying my TU score has changed. Sure enough my score dropped 12 points. I look at the reason and it says “too many inquiries in last 12 months.” I’ve only added one inquiry to my TU report since I app’d for the Ring,

So I head over to CK since it’s time for my weekly update anyway, and sure enough, it says 10 inquiries have been added to my TU report since my last update a week ago So I look at the inquiries and they are all old ones from last year.

So here’s my questions:

Why in the heck did I lose 12 points on TU when these are old inquiries?

If TU’s own computer system couldn’t figure out that these are old inquiries that had already been on my report, does this mean my credit card companies’ computer systems are also going to view this the same way? Meaning, is it going to look to a computer reviewing my account that I just added 10 inquiries to my TU report?

My main concern is with Barclay, since they SP my TU report constantly and we know they are new account and inquiry sensitive.

I wouldn't be paranoid about AA. Yes, they are new account and inquiry sensitive but unless you are paying small payments on huge balances, they won't be alarmed just because of inquiries. "Inquiries" is a basic reason that doesn't really tell the whole story. AA does not typically happen just because of inquiries, although it can happen for whatever reason the creditor chooses. I would say you are fine.

Even if you aren't fine, there's little point in stressing about it. There's nothing you can do - if they take AA, they take AA. You try and get it restored, or if not you just move on. It's just a card, and you have several others so if they decide they don't want your business, then move on to someone who does.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 22:27:51 GMT

@kdm31091 wrote:
I wouldn't be paranoid about AA. Yes, they are new account and inquiry sensitive but unless you are paying small payments on huge balances, they won't be alarmed just because of inquiries. "Inquiries" is a basic reason that doesn't really tell the whole story. AA does not typically happen just because of inquiries, although it can happen for whatever reason the creditor chooses. I would say you are fine.

Even if you aren't fine, there's little point in stressing about it. There's nothing you can do - if they take AA, they take AA. You try and get it restored, or if not you just move on. It's just a card, and you have several others so if they decide they don't want your business, then move on to someone who does.

Thanks kdm, you're right. There is no point in stressing about something I have no control over. Que sera sera!

I do wonder if there is anyone else having this issue with TU?

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 22:29:18 GMT

@Anonymous wrote:
@kdm31091 wrote:
I wouldn't be paranoid about AA. Yes, they are new account and inquiry sensitive but unless you are paying small payments on huge balances, they won't be alarmed just because of inquiries. "Inquiries" is a basic reason that doesn't really tell the whole story. AA does not typically happen just because of inquiries, although it can happen for whatever reason the creditor chooses. I would say you are fine.

Even if you aren't fine, there's little point in stressing about it. There's nothing you can do - if they take AA, they take AA. You try and get it restored, or if not you just move on. It's just a card, and you have several others so if they decide they don't want your business, then move on to someone who does.
Thanks kdm, you're right. There is no point in stressing about something I have no control over. Que sera sera!

I do wonder if there is anyone else having this issue with TU?

JustMe3 do you belong to any credit monitoring service that regularly SPs TU? Where do you live?

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 22:34:01 GMT

@Anonymous wrote:

JustMe3 do you belong to any credit monitoring service that regularly SPs TU? Where do you live?

Yes, myFico (3 bureau monitoring), Credit Karma, Credit Sesame, and Cap1's credit tracker. Is that what you mean? Barclay, Discover, and Walmart also pull my TU report every month, but they only show my TU Fico, not anything else like number of accounts or inquiries. And I live in Colorado.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 22:50:51 GMT

@Anonymous wrote:
@Anonymous wrote:

JustMe3 do you belong to any credit monitoring service that regularly SPs TU? Where do you live?
Yes, myFico (3 bureau monitoring), Credit Karma, Credit Sesame, and Cap1's credit tracker. Is that what you mean? Barclay, Discover, and Walmart also pull my TU report every month, but they only show my TU Fico, not anything else like number of accounts or inquiries. And I live in Colorado.

TU is the only bureau that can only handle so many inquiries, whether they're SP or HP. Once you reach a certain number those inquiries will drop off, even HPs before they are supposed to. TU had made changes earlier in the year to prevent that from happening but some states weren't included in the fix and this week many people had old inquiries added back on when they finally updated it fir their state. I can't go into any great detail because some of this is taboo on MF but it's possible that's why yours were added back.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 23:04:18 GMT

@Anonymous wrote:

TU is the only bureau that can only handle so many inquiries, whether they're SP or HP. Once you reach a certain number those inquiries will drop off, even HPs before they are supposed to. TU had made changes earlier in the year to prevent that from happening but some states weren't included in the fix and this week many people had old inquiries added back on when they finally updated it fir their state. I can't go into any great detail because some of this is taboo on MF but it's possible that's why yours were added back.

Oh ok, that makes sense. I knew those inquiries were supposed to be on there in the first place, but it still sucks to have so many old inquiries pop back up at the same time; (and drop my score too). I must have been one of the states that got the fix this past week I just hope all of the banks are aware of this problem with TU so that they don't freak out when everybody's inquires come back to life all of the sudden.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 23:10:26 GMT

@Anonymous wrote:
@Anonymous wrote:
TU is the only bureau that can only handle so many inquiries, whether they're SP or HP. Once you reach a certain number those inquiries will drop off, even HPs before they are supposed to. TU had made changes earlier in the year to prevent that from happening but some states weren't included in the fix and this week many people had old inquiries added back on when they finally updated it fir their state. I can't go into any great detail because some of this is taboo on MF but it's possible that's why yours were added back.
Oh ok, that makes sense. I knew those inquiries were supposed to be on there in the first place, but it still sucks to have so many old inquiries pop back up at the same time; (and drop my score too). I must have been one of the states that got the fix this past week I just hope all of the banks are aware of this problem with TU so that they don't freak out when everybody's inquires come back to life all of the sudden.

I don't think you'll run into any problems.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 23:30:40 GMT

Thank you so much Irish! My curiosity got the better of me, so I did a little research. All I can say is wow! Here I really thought that the whole reason those inquiries weren't showing was because TU only counted inquiries made within the last 6 months - guess I was way off Anyway, thank you so much for clearing that up for me!

Re: Questions about Inquiries and Account Reviews

Anonymous — Sat, 08 Aug 2015 23:38:43 GMT

@Anonymous wrote:
Thank you so much Irish! My curiosity got the better of me, so I did a little research. All I can say is wow! Here I really thought that the whole reason those inquiries weren't showing was because TU only counted inquiries made within the last 6 months - guess I was way off Anyway, thank you so much for clearing that up for me!

Good that you researched. The whole issue was big for a long time for the reasons you discovered. It also involved EQ but they just stopped it completely and inquiries weren't added back on unlike TU. Any creditor looking at your file from an SP will see that they're old inquiries so none of them are going to take any kind of AA against you.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sun, 09 Aug 2015 00:05:53 GMT

Man that is crazy same thing happened to me. I have both myfico credit monitoring and TU monitoring. A few days ago I logged on and saw 14 inquiries on my report which is correct and that 14 inquiries all came from 2015 so it was recent inquiries. I log on the next day I see 3 inquiries I had some dental issues and needed a card with 0% introductory Apr. So I applied for the Quicksilver Visa platinum and was approved. I was wary because my fico scores ranged from 662-695. Perfect $3K I celebrated and created a thread on this forum upon my first prime card approval.

Next morning I logged on TU refreshed my score and there 15 inquiries(adding capital one) right back and a 12 point drop.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sun, 09 Aug 2015 00:12:28 GMT

@Anonymous wrote:
Man that is crazy same thing happened to me. I have both myfico credit monitoring and TU monitoring. A few days ago I logged on and saw 14 inquiries on my report which is correct and that 14 inquiries all came from 2015 so it was recent inquiries. I log on the next day I see 3 inquiries I had some dental issues and needed a card with 0% introductory Apr. So I applied for the Quicksilver Visa platinum and was approved. I was wary because my fico scores ranged from 662-695. Perfect $3K I celebrated and created a thread on this forum upon my first prime card approval.

Next morning I logged on TU refreshed my score and there 15 inquiries(adding capital one) right back and a 12 point drop.

That does suck. My inquiries had actually not been showing at all since last fall, so is was quite a shock to see 10 hit my report all of the sudden. That's weird that we both had a 12 point drop in scores too. I guess at least we got our apps in at just the right time.. lol.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sun, 09 Aug 2015 00:26:28 GMT

Exactly justme3 according to TU they have some glitch in that system of theirs that's fine by me at least my gardening is reduced by 6 months.

Re: Questions about Inquiries and Account Reviews

taxi818 — Sun, 09 Aug 2015 00:32:32 GMT

Well this is a shady topic and i don't want to get too deep into it. But basically because you have so many monitoring services. This is what happens and why you thought it only monitored in the last 6 months. What happened to you has a certain name for it that i will not discuss here in open forum. But it appears when you saw all the inquiries return on Ck that was called reinsertion. If you truly want the details and im not advocating anything here. Just send me a PM. and i will explain what actually happened.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sun, 09 Aug 2015 00:40:15 GMT

@taxi818 wrote:
Well this is a shady topic and i don't want to get too deep into it. But basically because you have so many monitoring services. This is what happens and why you thought it only monitored in the last 6 months. What happened to you has a certain name for it that i will not discuss here in open forum. But it appears when you saw all the inquiries return on Ck that was called reinsertion. If you truly want the details and im not advocating anything here. Just send me a PM. and i will explain what actually happened.

Thanks Taxi. I actually researched it after Irish's comment. I had no idea about it prior. I think the thing that still confuses me is that whenever I pulled a hard copy of my TU report either from annualcreditreport.com or directly from TU, ALL of those inquiries were showing, they just wouldn't show up on anything else other than the hard copy. So it's not like those 10 inquiries were ever removed from my credit report and then reinserted, it's just that for whatever reason, those inquiries could not be detected by any credit monitoring service that I have. Until today that is.

Re: Questions about Inquiries and Account Reviews

taxi818 — Sun, 09 Aug 2015 00:46:01 GMT

@Anonymous wrote:
@taxi818 wrote:
Well this is a shady topic and i don't want to get too deep into it. But basically because you have so many monitoring services. This is what happens and why you thought it only monitored in the last 6 months. What happened to you has a certain name for it that i will not discuss here in open forum. But it appears when you saw all the inquiries return on Ck that was called reinsertion. If you truly want the details and im not advocating anything here. Just send me a PM. and i will explain what actually happened.
Thanks Taxi. I actually researched it after Irish's comment. I had no idea about it prior. I think the thing that still confuses me is that whenever I pulled a hard copy of my TU report either from annualcreditreport.com or directly from TU, ALL of those inquiries were showing, they just wouldn't show up on anything else other than the hard copy. So it's not like those 10 inquiries were ever removed from my credit report and then reinserted, it's just that for whatever reason, those inquiries could not be detected by any credit monitoring service that I have. Until today that is.

There is a lot of false info out there about it. and as i said im not advocating anything. The reason you are all over the board with the inqs is that you have to understand the ramifications of constantly pulling your own credit even on those Credit monitoring sites and that is what i was going to bring to your attention. If it says once a week on ck. there is no need to go to another. As this also can have many negative impacts on your report in general. The key is truly understanding all aspects of the problem. good and bad. And if you ever want info. let me know.Edit. that is also wrong what you said about all those were still there. What you saw at that point is the same that you would see if you look at all your softpulls. Only you the consumer can see that. No actual lenders can see that once it is gone. as i said. If it came to CK. after some length of time. That is called reinsertion and it happens at specific dates you can also google past and future dates of that. Don't get so involved in it is best. things will take care of them selves. As when inquiries are 6 months old. They lose their punch. And no affect what so ever after 12. even though they are visible to lenders up to 24 months. But not always. some will just fall off before then.

Re: Questions about Inquiries and Account Reviews

Anonymous — Sun, 09 Aug 2015 00:51:41 GMT

Thank you Taxi. I honestly had no idea anything bad could come from monitoring your own credit reports. The reason I subscibed to myFico was because I wanted to track all of my real Fico scores, and the reason I keep CK and CS active is because they tend to alert me to changes faster than myFico does. Plus I love CK, it allows me to see both TU and EQ reports every week, as opposed to once a year. What I'm hoping is that TU has finally fixed whatever issue they were having, because I'd really hate to have to let go of myFico, CK, and CS over a bug in TU's system.

And on a side note, Synchrony SPs my TU almost as much as CK and myFico does. It's crazy.

Re: Questions about Inquiries and Account Reviews

taxi818 — Sun, 09 Aug 2015 00:55:45 GMT

@Anonymous wrote:
Thank you Taxi. I honestly had no idea anything bad could come from monitoring your own credit reports. The reason I subscibed to myFico was because I wanted to track all of my real Fico scores, and the reason I keep CK and CS active is because they tend to alert me to changes faster than myFico does. Plus I love CK, it allows me to see both TU and EQ reports every week, as opposed to once a year. What I'm hoping is that TU has finally fixed whatever issue they were having, because I'd really hate to have to let go of myFico, CK, and CS over a bug in TU's system.

And on a side note, Synchrony SPs my TU almost as much as CK and myFico does. It's crazy.

Banks and lenders can do that.
This is not what causes the problems. Ck is fine as well as CS. that is also not waht causes the problems. The problem is the daily pullers. and most of them will cause problems. There is no fix for transunion as this has been going on for over 10 years. As i said. There is no need to speculate and if you want the Hard Cold facts. Give me a Pm. im not going to say anything i would not say in public. But i will you actually what you are doing that is really causing the problem. And beleive me. I do know what im talking about. So montinring is one thing . And then there are other things that is just not helping. Problems could be several fold. But all of that is based on Self monitoring. Not what other lenders do, Such as Sp's