When lenders HP one, do they SP two?

[Anonymous]

I've never really looked up my SPs except on rare occasions, but I was thinking about this today.

A creditor like Amex for example only hits someone with a HP on EX for apps.  Do they ever SP at the same time TU/EQ?  Wouldn't it be in their best interest to do so?  I suppose the cost associated with doing so could be a little bit more, but if you figure they're doing SPs all the time for accounts, targeted offers/mailers etc. is it really a big deal?  Suppose someone has filthy TU/EQ reports but they're clean or far less dirty on EX.  Wouldn't it be in the best interest of a creditor to see all 3 reports rather than just a third of them in making their lending decision?

I would think from the perspective of the lender you'd want as much data as possible to go off of when making a lending decision. 

[Anonymous]

I wonder about that also. How do you look up who has sp’d You?

[Anonymous]

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@AnonymousI wonder about that also. How do you look up who has sp’d You?

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I know you can see SPs if you obtain a hard-copy of your real credit report.  I don't know of any CMS software that shows you SPs, although there could be one out there.  I don't look at my hard-copy credit reports often, but when I do there's tons of SPs on there.  I've never gone back to the date of my HPs to see if there are any SPs from the same lender on a different bureau at the same time.

You figure some lenders like Capital One HP every bureau, where some like Chase or Citi are known to HP two bureaus.  It just strikes me as odd that a lender would make a decision based on only seeing 1/3 of the information.  Maybe they don't though and do indeed SP the bureaus that they don't HP.

[Moneyklutz]

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@Anonymous

...I would think from the perspective of the lender you'd want as much data as possible to go off of when making a lending decision. 

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Funny you mentioned this as we just recently closed on our home and I pulled the trigger on two new cards I've been stalking (Lowes and Alliant 2.5% cashback)

Both pulled TU only when I applied but I can check (and do every day or so) for soft pulls by using EQ's TrustedID Premier.

Neither lender did a soft pull on EQ which kinda surprises me since Alliant has in the past, checked my EQ file twice for "Account review" purposes. (I'd utilized the SSL trick with them to bump my mortgage scores back in November last year)

You'd think it really would be in their best interest but in my case they def did not.

[iv]

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@Anonymous wrote:
I wonder about that also. How do you look up who has sp’d You?

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Hard-copy reports, or annualcreditreport.com yearly online reports, mostly.

Also state-mandated "extra" annuals frequently use the ACR layout and include SPs.

Equifax added SP visibility to trustedid.com recently.

(Also usually visible during the dispute process, but mis-using that is not sanctioned here, nor recommended.)

[AverageJoesCredit]

When I first got in Navy last year I got hp on my report, forgot if it was TU or Eq but I did see an sp on my Ex from same time so yeah it can happen.

[DaveInAZ]

Well, I have all 3 CRAs locked with a service directly with them and only unlock the one I know they will HP, so they can't SP the others.

[Anonymous]

Good to know AJC, thanks for sharing that.

[iv]

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@DaveInAZ wrote:

Well, I have all 3 CRAs locked with a service directly with them and only unlock the one I know they will HP, so they can't SP the others.

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Maybe, maybe not.

If you have an existing product with the lender (asking for a CLI, or a second card, or have an existing loan of some sort), they will be able to SP whatever they want, regardless of the "lock".

Remember, a lock or a freeze doesn't block existing lenders from doing AR SPs. And they could very well do that alongside the HP on your "unlocked" CRA.

[DaveInAZ]

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@iv wrote:

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@DaveInAZ wrote:

Well, I have all 3 CRAs locked with a service directly with them and only unlock the one I know they will HP, so they can't SP the others.

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Maybe, maybe not.

If you have an existing product with the lender (asking for a CLI, or a second card, or have an existing loan of some sort), they will be able to SP whatever they want, regardless of the "lock".

Remember, a lock or a freeze doesn't block existing lenders from doing AR SPs. And they could very well do that alongside the HP on your "unlocked" CRA.

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Well yes, in very limited situations. As in BrutalBodyShot's OP example : Amex has has an existing creditor relationship with EX, that's what they pulled and they provide monthly EX Fico scores, but they have no existing creditor relationship with EQ or TU so I don't believe they could SP them. Barclays has an existing creditor relationship with TU, that's what they pulled and provide TU Fico scores, but have no existing relationship with EX or EQ. Same for Synchrony. Discover card provides TU Fico scores, but through their scorecard service provides EX scores so they could probably SP EX, but would have no existing relationship to SP EQ. 

And even with an existing creditor relationship some SPs require a CRA to be unlocked. MyPayPal Cashback MC pulled TU when I app'd last year and provides monthly TU Fico scores. But when I requested a CLI last fall it was an instant denial and when the letter came is said "unable to obtain credit report". So I unlocked TU and app'd for a CLI again - instant approval, with no HP. So apparently a SP other than an account review can require a CRA to be unlocked/unfrozen.