@longclimbback wrote:
Thanks roberteg. She is going to app for a card in branch at her first niagara bank. She will probably have to settle for a secured card, but it's nice to know that when she gets a file it won't have the hp's.
It'll still have the inquiry, you just can't get a score for six months.
Not sure what the inestimable RobertEG was referring to in this case, if data in a credit report was used in a denial of credit, can request the credit report at any rate.
@Thomas_Thumb wrote:
@RobertEG wrote:No,
The CRA will not send a credit report to the inquiree, and thus the inquiry was not filled.
The record of an inquiry is that the CRA provided your credit report to another, not simply that a request was received.
Hello RobertEG,
I have a follow-up question on inquiries
My daughter (senior in college) has no credit files. She is not an AU on any of accounts. In December she applied for "student" credit cards at WF and Discover. She was approved for both and received them in January. Both Discover and WF said she had no credit files but Discover reported an L2C score to her.
This July 6 months will have passed and she should then be "scorable" on Fico. Will the Discover card and Wells Fargo card show up as inquiries on her credit reports? Based on what you said, I am thinking they may not.
I appreciate any insights you can offer on this.
I would think that would only happen if they got associated with someone else.
It's only rational that the bureaus get an inquiry with the other information and there's no file, they will create a file for the individual. Same as if a collection or lien gets attached to someone who lives a cash existence with no tradelines. Still name, SSN if available, information, and they will try a best match on name potentially (which is fraught with problems but I digress).
Why would anyone think they wouldn't? Unless there's some strange regulatory reason I'm unaware of why would this behave any differently than a new tradeline?
Not that inquiries matter, at all, when building credit absolutely.
@RobertEG wrote:An inquiry is not the furnishing of information to a CRA. It is just the opposite... it is a request to see what others have furnished.
If asked to see what others have furnished, and the answer is nothing, then there is no furnishing of information to a consumer credit file.
I would thus assume that they would not create a file to record the fact that there is no file.
Suppose they received a request for a credit report that provided a totally inaccurate SSN and name, which would be the same as a request for a report of aa consumer who did not yet have a file. Would they create a new credit file for every inquiry they received that had identiities they could not match with a current file? I dont think so.
However, that is just my own supposition.......
It's dual purpose in that regard but given that FICO calculates it, and lenders definitely want to know it, and it is absolutely a datapoint, why would the CRA's not track it?
With how many reports of split files we've seen over the years I'd have to assume if they get someone who isn't tracked at all (and there's a slew of people out there, non-trivial percentage I suspect don't have a credit file at all) I would actually assume that yes a file is created. Same as a collection or tax lien for that matter getting tacked on there as was my case for generating a credit file.
Out of all this time on multiple forums, with all the people brand new to credit, I don't think we've ever had anyone exclaim "I got my first student credit card and didn't even get a credit check, no inquiry!" and it would've been a regular enough occurrence that it'd be well known and characterized. As a result I think it's safe to say even from anecdotal reports, and because Occam's Razor applies, the inquiry is lodged even on a new file.
It would be not only seriously strange but a pretty large deviation in the application come to think of it: if creditfile = null don't record inquiry? Skeptical as to that being a reasonable implementation when applying for a something is still credit seeking behavior even for a new file, and as such given the implementation of the algorithm and inquiry would be righteous to place on there anyway.
