topic Re: Credit inquiries in General Credit Topics

Credit inquiries

Anonymous — Tue, 28 Aug 2018 13:27:28 GMT

Hi guys, does anyone know if credit inquiries post to ones credit report in real time? For example if an inquiry was made today could I see it on my report tomorrow? What about Chex Systems?

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 13:43:46 GMT

From what I've noticed, from personal experience, most HP Inquiries show up in real time. There is the occasional creditor that may take a day or two to post it, especially if manual underwriting is required. Just my two cents.

Re: Credit inquiries

Physh1 — Tue, 28 Aug 2018 13:47:22 GMT

No, not all post in real time. If you're more specific about what creditors you're inquiring about we can be more helpful.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 13:51:30 GMT

I should clarify that I only have experience with Capital One, Bank of America, AMEX, and Discover. I'm not sure which creditor you may be referring to.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 14:21:24 GMT

It's been my experience that most HP's appear on one's credit report within 24 to 36 hours, and sometimes almost immediately, judging from the alerts I get from various credit-monitoring sites.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 14:34:21 GMT

I encourage our OP and the responders to sharply distinguish two questions.

If I have two inquiries, one at 11 am and the next at 1 pm.....

(a) How likely is it that the 11 am inquiry will be visible to the creditor who pulls my report at 1 pm?

(b) How long will my credit monitoring tool (CMT) take to tell me via an alert about the 11 am inquiry? (Credit Karma, myFICO Ultimate, Credit Check Total, etc. are all CMTs.)

The two questions are very different. A new inquiry might be on your reports and yet a particular CMT might easily take two days to notify you.

Question (b) cannot be used to answer question (a).

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 15:24:16 GMT

Inquiries are in realtime, a lender pulling at 1pm will see the inquiry done at 11pm by another lender, which lenders did the pulls has no bearing on when it makes onto your report, as soon as it's pulled it's on your report, you would see this if you have subscriptions with the CRAs directly. How quickly 3rd parties monitoring services update the inquiry is a different story. Chexsystems' inquiries are also instant.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 15:57:08 GMT

Thanks for the responses. I should clarify my post...... I have recently had my identity compromised and have pulled my 3 credit reports and chexsystems report. Can I be confident that all hard/soft pulls up till today’s date are reflected in said reports? I have since placed security freezes on all.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 16:05:15 GMT

@Anonymous wrote:
Thanks for the responses. I should clarify my post...... I have recently had my identity compromised and have pulled my 3 credit reports and chexsystems report. Can I be confident that all hard/soft pulls up till today’s date are reflected in said reports? I have since placed security freezes on all.

Yes on HPs but no on SPs, lenders and credit monitoring services that you have current relationships with can still SP for the most part even if the reports are frozen.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 16:08:41 GMT

So soft pull don’t post in real time like hard pulls? I understand that existing accounts can still pull for review etc. I just want to be confident that ALL pulls up till today as I look at my current report are reflected in real time.

Re: Credit inquiries

Medic981 — Tue, 28 Aug 2018 16:13:27 GMT

For the most part, HPs are what you are concerned with if your identity has been compromised. SPs are typically done on existing accounts and for internal monitoring by creditors, promotional offers, personal credit monitoring and insurance.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 16:13:31 GMT

Yes, all HP/SP should be reflected up to the moment you pulled the reports, if the freeze were placed before the pulls, you should be good to go.

Re: Credit inquiries

RobertEG — Tue, 28 Aug 2018 16:15:10 GMT

The definition of a so-called soft inquiry is that it is not available to any party other than the named consumer.

Thus, a soft inquiry may be of record with a CRA, but will not "post" to any credit report obtained by anyone other than you.

No, soft inquiries are not seen in real or any other time by others.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 16:16:09 GMT

Thank you guys so much for the quick responses, just trying to put my mind at ease.

Re: Credit inquiries

Anonymous — Tue, 28 Aug 2018 16:38:32 GMT

I guess what I’m getting at is I’ve researched about how to find bank accounts in my name, and read that banks can sometimes do soft pulls instead of chexsystems or ews. Just trying to cover as many bases as I can

Re: Credit inquiries

FinStar — Wed, 29 Aug 2018 03:27:16 GMT

There's also other database and reporting services used by a variety of institutions that include Lexis Nexis, Sagestream, etc.

Re: Credit inquiries

Anonymous — Wed, 29 Aug 2018 10:12:38 GMT

Do LexisNexis and sage stream show inquiries?

Re: Credit inquiries

Anonymous — Wed, 29 Aug 2018 16:20:13 GMT

Inquiries report instantaniously. As in within a second or two. I once applied for a card and while the card app website still showed it as "loading/processing" I got an email from credit karma saying that I have a new inquiry. So before the app even finished processing I already had the inquiry and CK even had enough time to send me an email about it.