topic Re: How fast do inquiries hit? in Credit Cards

How fast do inquiries hit?

kroberts67 — Tue, 19 Mar 2013 00:31:10 GMT

Do inquiries hit instantly? Or, if you did a spree all on one day would each see the ones before that same day, or do inquiries take hours or a day to show?

Re: How fast do inquiries hit?

zerobacan — Tue, 19 Mar 2013 00:38:18 GMT

They are instantaneous

Re: How fast do inquiries hit?

LS2982 — Tue, 19 Mar 2013 01:27:27 GMT

Immediately after you app.

Re: How fast do inquiries hit?

myjourney — Tue, 19 Mar 2013 01:50:22 GMT

Before you see the approval screen Lol

Re: How fast do inquiries hit?

Bay_Area_Joe — Tue, 19 Mar 2013 01:53:08 GMT

so fast that you can't trick the system with multiple apps at the exact same time. Milliseconds ?

Re: How fast do inquiries hit?

Repo-ed — Tue, 19 Mar 2013 02:02:47 GMT

@Bay_Area_Joe wrote:
so fast that you can't trick the system with multiple apps at the exact same time. Milliseconds ?

YMMV

Multiple browser window app'ing, is not a new thing.

Re: How fast do inquiries hit?

scenery_guy — Tue, 19 Mar 2013 02:20:14 GMT

In the time it took me to type this thousands of inquiries needlessly died at the hands of a credit card applicants.

Yeah, it's that fast. I would have used hundreds but I am a slow typer.

Re: How fast do inquiries hit?

kroberts67 — Tue, 19 Mar 2013 12:41:23 GMT

LOL! Thanks.

Re: How fast do inquiries hit?

VirtualCuriosity — Tue, 19 Mar 2013 13:17:01 GMT

@myjourney wrote:
Before you see the approval screen Lol

It's actually when you are filling out an app LOL. IF you change your mind and hit escape, it's only a SP.

Re: How fast do inquiries hit?

boomhower — Tue, 19 Mar 2013 13:28:53 GMT

Pretty much instantaneous. Your better off trying to app for cards that pull different CRA's as then they won't see them.

Re: How fast do inquiries hit?

distantarray — Tue, 19 Mar 2013 14:23:35 GMT

i really doubt it's instant, otherwise people wouldn't get approved for 20 cards in a day. In monitoring reports it always posts next day. I never got an AA from applying for 6 cards in a day.

Re: How fast do inquiries hit?

bobebob — Tue, 19 Mar 2013 14:53:21 GMT

@distantarray wrote:
i really doubt it's instant, otherwise people wouldn't get approved for 20 cards in a day. In monitoring reports it always posts next day. I never got an AA from applying for 6 cards in a day.

I wouldn't count out the inquiries hitting near instantly. Our monitoring programs update daily, true. But that's different than pulling a report.

I would bet that if you generated an inq and then pulled a full credit report on myFico, you would see that inq on the report.

Were I someone's potential creditor, I would want any hard pull I paid for to include up to the minute information on which I could make my decision.

Re: How fast do inquiries hit?

Anonymous — Tue, 19 Mar 2013 16:50:54 GMT

Some sub prime lender actually are able to make the inquiries appear BEFORE the applicant actually applies nowadays.

its a kind of magic.

Re: How fast do inquiries hit?

Anonymous — Tue, 19 Mar 2013 17:13:07 GMT

I read somewhere that multiple inquiries from the same creditor on the same day will get collapsed ito one after a day or so. Is this true?

Re: How fast do inquiries hit?

vish1 — Tue, 19 Mar 2013 17:59:42 GMT

@VirtualCuriosity wrote:
@myjourney wrote:
Before you see the approval screen Lol
It's actually when you are filling out an app LOL. IF you change your mind and hit escape, it's only a SP.

What is the source of this info? I don't think this is accurate. In all the web forms, the front end verification like if you filled all the required fields or not, if your phone number is numerical etc is done on your browser side. The bank gets your data only when you click submit. There is no reason to design a more complex system.

Re: How fast do inquiries hit?

vish1 — Tue, 19 Mar 2013 18:00:13 GMT

@Anonymous wrote:
I read somewhere that multiple inquiries from the same creditor on the same day will get collapsed ito one after a day or so. Is this true?

YES

Re: How fast do inquiries hit?

vish1 — Tue, 19 Mar 2013 18:01:29 GMT

@distantarray wrote:
i really doubt it's instant, otherwise people wouldn't get approved for 20 cards in a day. In monitoring reports it always posts next day. I never got an AA from applying for 6 cards in a day.

Monitoring services run a batch job every night.

Assuming that inquiries are instant ... Then how can app...

Anonymous — Tue, 19 Mar 2013 18:23:08 GMT

Assuming that inquiries are instant ... Then how can app sprees be successful? Wouldn't the multiple inquiries make each successive app less likely to be successful? Or is an inquiry separate from an account actually being opened on one's CR? If so, when does the latter update?

Re: Assuming that inquiries are instant ... Then how can app...

jakemod1 — Tue, 19 Mar 2013 18:33:37 GMT

@Anonymous wrote:
Assuming that inquiries are instant ... Then how can app sprees be successful? Wouldn't the multiple inquiries make each successive app less likely to be successful? Or is an inquiry separate from an account actually being opened on one's CR? If so, when does the latter update?

It depends what CR the lender pulls, how many inquiries you have on that CR and the lenders' sensitivity to the amount of your inquiries. So if Lender A pulls on TU and Lender B pulls on EX, they won't see the inquiries.

A hard inquiry is a seperate category in determining your FICO score. So are new accounts (AAoA). A new account doesn't hit your CR instantaneously, but rather days or weeks later, depending on the lender.

Re: How fast do inquiries hit?

Anonymous — Tue, 19 Mar 2013 18:34:18 GMT

I think that inquiries are only an issue when there are other issues and/or for certain lenders. This is why I think that people get approved with 20 apps a day... because it's not always important as people think it is to not have inquiries. I got approved for a card with 15 inquries and my girlfriend got denied with 2 inquiries. When they want to deny you, they're going to give you a reason but doesn't mean it's necessary the only factor.