Thanks for sharing, but....
What is the exact timing on those 6 INQ on each bureau? I'm guessing you did not app for 6 and only 6 Capital One cards. 
@NRB525 wrote:Thanks for sharing, but....
What is the exact timing on those 6 INQ on each bureau? I'm guessing you did not app for 6 and only 6 Capital One cards.
FICO 04 counts inquiries for the entire year (which I have data conclusively demonstrating during my mortgage process).
Haven't seen FICO 8 do anything different; FICO 9 is the one where I really question if something is going on given the massive disparity between my EQ and EX when I pulled it... when the only difference was a very recent inquiry on EX.
As for the short credit history: before people pick up pitchforks, they generally have to give you something and once you're 760+ it's pretty irrrelevant what they tell you as long as it's something which can't be argued with... 35 years could be 50 years, ergo for all it's silliness, it is accurate and therefore not an issue.
@Revelate wrote:
@NRB525 wrote:Thanks for sharing, but....
What is the exact timing on those 6 INQ on each bureau? I'm guessing you did not app for 6 and only 6 Capital One cards.
FICO 04 counts inquiries for the entire year (which I have data conclusively demonstrating during my mortgage process).
Haven't seen FICO 8 do anything different; FICO 9 is the one where I really question if something is going on given the massive disparity between my EQ and EX when I pulled it... when the only difference was a very recent inquiry on EX.
As for the short credit history: before people pick up pitchforks, they generally have to give you something and once you're 760+ it's pretty irrrelevant what they tell you as long as it's something which can't be argued with... 35 years could be 50 years, ergo for all it's silliness, it is accurate and therefore not an issue.
Good question on inquiries. It would be interesting to know inquiry make-up by CRA. I still suspect all hard inquiries may not be counted the same. Some believe inquiries from credit unions (or at least some CUs) may be coded such that they don't count against score. I question whether CU membership inquires may be treated differently although classified as a HP - after all membership does not require new credit.
We know inquiries can be grouped together to count as one (example - car loan shopping). However, CAPTOOL does not have an open car loan or mortgage based on his screen shots.The PLOC sure sticks out as a likely candidate for different treatment in scoring among the CRAs.
@Thomas_Thumb wrote:
@Revelate wrote:
@NRB525 wrote:Thanks for sharing, but....
What is the exact timing on those 6 INQ on each bureau? I'm guessing you did not app for 6 and only 6 Capital One cards.
FICO 04 counts inquiries for the entire year (which I have data conclusively demonstrating during my mortgage process).
Haven't seen FICO 8 do anything different; FICO 9 is the one where I really question if something is going on given the massive disparity between my EQ and EX when I pulled it... when the only difference was a very recent inquiry on EX.
As for the short credit history: before people pick up pitchforks, they generally have to give you something and once you're 760+ it's pretty irrrelevant what they tell you as long as it's something which can't be argued with... 35 years could be 50 years, ergo for all it's silliness, it is accurate and therefore not an issue.
Good question on inquiries. It would be interesting to know inquiry make-up by CRA. I still suspect all hard inquiries may not be counted the same. Some believe inquiries from credit unions (or at least some CUs) may be coded such that they don't count against score. I question whether CU membership inquires may be treated differently although classified as a HP - after all membership does not require new credit.
We know inquiries can be grouped together to count as one (example - car loan shopping). However, CAPTOOL does not have an open car loan or mortgage based on his screen shots.The PLOC sure sticks out as a likely candidate for different treatment in scoring among the CRAs.
Well, if Verizon screening inquiries count against someone, why do we think CU ones don't? I'm confident it's just step function / bin sorting short of anything else. I've been pretty surprised at some inquiries (0->1) not counting as an example historically. It's kinda hard to track because you have to know concretely what is being seen, like my experience last year going from 3->2->3->2->3 on Beacon 5 and getting 693 -> 700 -> 693 -> 700 -> 693 through the 45 day period.
It wouldn't be hard to test the CU theory, get clean (0 scoreable inquiries), 2-3 CU pulls and see if you get a drop in there as that should be sufficient to see.
I do have inquiries falling off in July -> August, but I don't think my report is going to be stable enough at that point to really track inquiries coming off. I'll see if I can dig out some of the inquiries on TU/EQ which were from CU's and see if I got a corresponding drop last year but my report was really too busy post-mortgage to isolate something like that whereas the mortgage process was so zealously managed I could track the minute changes.
Actually if I get "lucky" I'll take a drop when I chase my HELOC with DCU, but I don't know where I stand bin wise with EQ currently.
@NRB525 wrote:Thanks for sharing, but....
What is the exact timing on those 6 INQ on each bureau? I'm guessing you did not app for 6 and only 6 Capital One cards.
I doubt the timing matters, but these are the inquiries by file:
TU
8.17.15: Promise Financial
4.18.15: Synchrony
4.3.15: Barclays
1.8.15: Cap One
1.3.15: Barclays
4.25.14: Merrick Bank
EQ:
10.2.15: USAA
6.26.15: Comenity
5.31.15: Chase
1.8.15: Cap One
9.2.14: Chase
8.20.14: Discover
EX:
10.10.15: NASA
5.31.15: Chase
5.24.15: Amex
1.12.15: Amex
1.8.15: Cap One
9.2.14: Chase
@Anonymous wrote:
@NRB525 wrote:Thanks for sharing, but....
What is the exact timing on those 6 INQ on each bureau? I'm guessing you did not app for 6 and only 6 Capital One cards.
I doubt the timing matters, but these are the inquiries by file:
TU
8.17.15: Promise Financial
4.18.15: Synchrony
4.3.15: Barclays
1.8.15: Cap One
1.3.15: Barclays
4.25.14: Merrick Bank
EQ:
10.2.15: USAA
6.26.15: Comenity
5.31.15: Chase
1.8.15: Cap One
9.2.14: Chase
8.20.14: Discover
EX:
10.10.15: NASA
5.31.15: Chase
5.24.15: Amex
1.12.15: Amex
1.8.15: Cap One
9.2.14: Chase
Only thing that stands out here is an over/under 6 months difference for TU vs EX and EQ. Sure crossing 6 months should represent a non event for inquiries. I am not conversant on which of the below are CUs. It does look like TU will be in good shape next month for inquiries aging off.
Recent Inquiries under 12 mo | ..........10.10.15: NASA............ ............5.31.15: Chase ............5.24.15: Amex
| 8.17.15: Promise Financial 4.18.15: Synchrony 4.3.15: Barclays
| ............10.2.15: USAA............ .............6.26.15: Comenity .............5.31.15: Chase
|