Inquiry lab rat checking in with a curious update.
I apped and was approved for a new account on 3/3. EX charged me 7 points on that same day, and classified it as an INQ. No indication of a new account point deduction, only an INQ.
On 3/17, the account first reported to the bureaus.
EX: no change
EQ: -3 for a new account
TU: no change
I wondered if it might require 30 days for TU to recognize the new account and then charge me some point deduction. Nothing
For background, EQ consistently reports highest score. 0 INQs.
TU is consistently my lowest score. 2 scorable INQs; both from CLIs. 4 others fall off later this year; 2 CLI related, 2 approved apps that I did not take as new accounts, and which never indicated a score change at 1 year for either an INQ drop or a new account 1 year aging....
I understand the EX hit. 7 points, perhaps a combination of the INQ and new account penalty, but they only report the INQ. Whatever.
I understand the EQ hit. 3 points for a new account. OK, whatever.
I do not understand no TU hit. But I am not complaining, I simply do not understand it.
For scorecard experts, here is a question:
-are scorecard assignments made and determined by file (my file) or by bureau? That is, do I have a different assignment for EX, EQ and TU and for new credit, is it driven and determined by INQs or new accounts or both?
I could understand that there may be a difference across a day or 2 as events are captured and calculated by each bureau.
But once all 3 bureaus are using the same data following a change, is your credit profile exposed to the same or a different scorecard? I mean weeks after a change (such as new or now unscorable INQ; new or aged new account; and after 365 days or 12 months or 1st of the month rules that are unique to each bureau), and once all of the data is the same (with the exception of the bureau on which the INQ was charged)...
I have INQ differences between the 3 bureaus. Beyond that, the account open dates, credit limits, credit usage, closed account data are all the same. Mine is a thick, old, clean (yes, there is a "dusty"(my term of choice) vs "dirty" (no pub records, lates, or BKs) profile, but yes, the difference between bureaus is in INQs, and thereby, in which the new account was initially charged.
EQ: 0 INQs scorable or reported. EQ is usually my highest F8 score by ~15 points.
EX: 4 INQs scorable, 1 additional INQ is reported that falls of Dec 2020. EX is usually my middle score, and is the bureau that gets my INQs.
TU: 2 INQs scorable, 4 additional INQs are reported that fall off by Nov 2020. TU is usually my lowest score, 5-10 points lower than EX.
So 15 points is less than a 3% scoring difference (F8, 850-300=550; 100/550=.1818 value of a point on a 100 point scale; 15*.1818=2.7%). Not worth quibbling about; for me it is a curiousity - something that I want to try to better understand.
