Number of Inquiries and Pre-Approvals

[800goal800]

Are requesting pre-approvals considered in the pre-approvals of other credit cards ?   I've tried, unsuccessfully, for several pre-approvals and one of the reasons ( not the only one ) , is the number of inquiries in the last 12 months which has been maybe 1-2(  hard inquiries for all types of loans ).  So do multiple soft inquiries add to the number of inquiries ?

[Vinjints]

Only you see the soft pulls that are generated and they do not impact scores. Hard inquires are all that show up on the reports that creditors see. 

[FICOdawg]

That's kinda true.   Turns out there is also a TU turd score which does look at SP.      TU uses to look as possible bust out crefit default with people who are crefit seeking.  

Credit cards card churning and CLIs have lead to reports of people with good/excellent FICO8 scores yet significantly lower TURD scores.

SP are definitely less impactful but they are still visible and used in certain ways.

If a bank pulls TU there is a risk of denial from the TURD score.

[RealEstateGuy89]

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@FICOdawg wrote:

That's kinda true.   Turns out there is also a TU turd score which does look at SP.      TU uses to look as possible bust out crefit default with people who are crefit seeking.  

Credit cards card churning and CLIs have lead to reports of people with good/excellent FICO8 scores yet significantly lower TURD scores.

SP are definitely less impactful but they are still visible and used in certain ways.

If a bank pulls TU there is a risk of denial from the TURD score.

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Well this is upsetting news and it is one heckuva TURD if you ask me! 🤬😡

[youngandcreditwrthy]

which turd score re you talking about?

Lexis nexis?

sagestream LLC?

lol

early warning services? I am over all of those.

even prescriptions get a score these days. Itll prevent you from getting MEDICATION. called NarxCare score. ask next time you go to the pharmacy.

[Thomas_Thumb]

It is a Transunion Score developed and marketed by TransUnion. TransUnion Rapid Default score (TURD).

[FICOdawg]

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@youngandcreditwrthy wrote:

which turd score re you talking about?

Lexis nexis?

sagestream LLC?

lol

early warning services? I am over all of those.

even prescriptions get a score these days. Itll prevent you from getting MEDICATION. called NarxCare score. ask next time you go to the pharmacy.

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Remember, there is always STATS guy out there trying to make a name for himself.     Next, they will add health metrics like BMI and BP to correlate your credit risk.....     The TURD score is a bit redundant and probably does not do what it's supposed to do.   From what I can tell, it's mostly just treating SPs as HPs and heavily penalizing applications.     

What I dislike most about these new scoring methods is the complete lack of transparncy.    If you want to penalize for too many apps or CLI requests in a given preiod of time, make it publically available to consumers can play within the parameters given.     At least Chase gives a hedge with the 5/24 rule so you know the boundary they have.