topic Re: HP Inquiry Question in General Credit Topics

HP Inquiry Question

QAMngrGirl — Sat, 16 Feb 2013 02:52:15 GMT

So how are these maintained on your credit reports? Do the creditors report it every month for 2 years or is it set to report automatically and fall of after 2 years?

I only ask because 2 out of 4 inquiries I had (12/12 & 1/13) have just disappeared this month. Is that normal? I am not complaining just curious?

Re: HP Inquiry Question

llecs — Sat, 16 Feb 2013 03:44:46 GMT

I'll happen from time to time. Definitely not worth thinking twice about.

Re: HP Inquiry Question

RobertEG — Sat, 16 Feb 2013 18:00:58 GMT

Inquirees for a consumer credit report are not the reporting of account information to a CRA, they are just the opposite.... requests to view what has been reported.

Inquires are coded in some mysterious process never published by the CRAs, and not detailed in their credit reporting manual, as they aren't credit reporting.

Inquirees dont regularly update the fact of a prior inquiry. It's a one-shot coding at occurance. Many inquiirees have never reported information to the consumer's credit file.

Re: HP Inquiry Question

QAMngrGirl — Sun, 17 Feb 2013 03:58:57 GMT

@RobertEG wrote:
Inquirees for a consumer credit report are not the reporting of account information to a CRA, they are just the opposite.... requests to view what has been reported.
Inquires are coded in some mysterious process never published by the CRAs, and not detailed in their credit reporting manual, as they aren't credit reporting.
Inquirees dont regularly update the fact of a prior inquiry. It's a one-shot coding at occurance. Many inquiirees have never reported information to the consumer's credit file.

I'm sorry you lost me, does the CRA remove/drop these inquiires?

Re: HP Inquiry Question

Walt_K — Sun, 17 Feb 2013 07:47:14 GMT

@QAMngrGirl wrote:
@RobertEG wrote:
Inquirees for a consumer credit report are not the reporting of account information to a CRA, they are just the opposite.... requests to view what has been reported.
Inquires are coded in some mysterious process never published by the CRAs, and not detailed in their credit reporting manual, as they aren't credit reporting.
Inquirees dont regularly update the fact of a prior inquiry. It's a one-shot coding at occurance. Many inquiirees have never reported information to the consumer's credit file.
I'm sorry you lost me, does the CRA remove/drop these inquiires?

You asked whether the creditors report the inquiry continuously. I think that is what Robert was responding to. Creditors are not reporting continuously that they asked for your account information on X date. Rather, the CRA is making note of the fact that your information was requested on X date.

Creditors can delete or recode an inquiry, however, e.g., changing it from a hard pull to a soft pull.