Wells Fargo dinged us twice. Are they supposed to?

[Anonymous]

I checked my fiances credit scores today to see what kind of effect the inquiry from applying at wells fargo would be, and there were two inquiries I don't understand why, he was applying for a secured cc, why do they need to run his score twice?? his score lowered 9 points. right now every point counts for us, we're really trying to reach our goals to get a house. If we knew they'd pull his score twice we never would have applied!

[Anonymous]

bump

[Brusilov]

Did they pull the same bureau twice, or two different ones?  For my secured credit card they only pulled Experian, but a year ago when I applied for overdraft protection/line of credit, they pulled both Experian and Transunion.

[WhirledPeasPlease]

Many loan officers will tell you no new apps/inqs for 6 months prior to a mortgage.

[Anonymous]

Might not be an error. I applied for a CC last week and my EQ score dipped 11 points! I was shocked that it was so much.

[Anonymous]

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@vonmannstein wrote:
Did they pull the same bureau twice, or two different ones?  For my secured credit card they only pulled Experian, but a year ago when I applied for overdraft protection/line of credit, they pulled both Experian and Transunion.

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They pulled fromthe same one twice

[LisaJ]

Your loan officer should have stressed not to open anything new or apping.  I was told to stay away from apping for ANYTHING until after I had keys in hand.  They can and often will pull your credit right before closing even if you have been approved and this can make a difference.  

As for pulling it twice, I do not know why they would, but when I was shopping for a mortgage, my credit was pulled by one of the banks three times on the same day...our lender disregarded it.

Lisa 

[haulingthescoreup]

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scubagirl1215 wrote:

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@vonmannstein wrote:
Did they pull the same bureau twice, or two different ones?  For my secured credit card they only pulled Experian, but a year ago when I applied for overdraft protection/line of credit, they pulled both Experian and Transunion.

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They pulled fromthe same one twice

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This sounds like an error to me. Maybe two different reps were working the app.

I would put on my best Nice Voice and ask them please to cancel one of the inqs. They were both on the same day, right? Not because you asked for a recon, and they pulled again or something?

But I'll bet that only one is counting for scoring, anyway. Multiple inqs on the same bank all at once are de-duplicated for scoring, even for CC's, probably for this very reason.

[Anonymous]

We're not planning on applying for the mortgage for about a year, thats why we're applying for some secured credit cards right now. We're trying to raise our scores to at least 620

[wanttobeinthe700club]

cuz wells fargo sucks, point said. but i wish you luck on your goal of getting a house thats what me and my wife are trying to do.