I applied for a small loan from my credit union in the beginning of November. I just opened the denial letter this morning. It shows my Experian score , but has 07/13/12 next to it. My score since then has increased by 63 points. Is this normal for a lender to use a credit report from 4 months ago? I guess that good thing is, it wasn't another hard pull.
Starting Score: 501
Did you join the CU in July? It is weird they would use a report that is that old. Definitely call them and ask.
Starting Score: EQ 717 EX 724 TU 736
Maybe there was an error Id recon and ask them to soft your credit as the file they used to make their decision is not an accurate picture of your credit
Starting Score: 0Thanks for the info.
Ok, so I called the CU. They said they use the same credit report if I previously applied within a 6 month period. Still doesn't make sense to me, but oh well.
My experience with a CU and pulls was horrible. When I applied as a new member, they accidentally did two hard pulls one day apart. Then I applied for a Visa a couple of months later and they did yet another pull. I did get them to remove one. My CU does a fresh pull each time you apply.
You should be able to ask for a new HP for a loan. I guess it just depends on their policy.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.