Should Prosper inquires be considered the same as regular inquires?

[FicoPower]

Hello, I experimented with Prosper.com loans and lending, and when you create a loan listing it pulls your credit report to display their version of your credit rating for lenders to bid on your loan.  I notice that these two inquires (I created two test listings) show up on Experian only and wondered if I should dispute that or does it actually fall into that category?  Because TransUnion and Equifax do not count them as inquires but Experian does.  Should I dispute it?  Thanks!

[haulingthescoreup]

The inqs will only show on EX, because EX is the only report that was pulled.

Unless you get the dreaded triple pull of all three reports from fun people like Cap 1, you shouldn't have hard inqs show up on all three reports.

[Anonymous]

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@FicoPower wrote:
Hello, I experimented with Prosper.com loans and lending, and when you create a loan listing it pulls your credit report to display their version of your credit rating for lenders to bid on your loan.  I notice that these two inquires (I created two test listings) show up on Experian only and wondered if I should dispute that or does it actually fall into that category?  Because TransUnion and Equifax do not count them as inquires but Experian does.  Should I dispute it?  Thanks!

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Since you were applying for a loan (even if you were only "testing" ) it probably makes sense that you'd get a hard inquiry.

You definitely do NOT want to dispute legitimate inquiries, that could be a big mess.

Edited because somehow my end-parenthesis mutated into a winky-face, haha

Message Edited by jacred on 11-19-2008 11:02 PM

[haulingthescoreup]

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jacred wrote:

Edited because somehow my end-parenthesis mutated into a winky-face, haha

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A ; or " immediately before a close-parenthesis turns into a , which makes it show up in some pretty entertaining places. The solution is to insert a space between a character and ) . HTH

And good post, btw!

[Anonymous]

I used Prosper before, have a loan with them and also am funding some loans. If you apply it is a soft pull, I contacted them directly and thats what they said. I think it only goes to a hard pull if you accept the loan.

[Anonymous]

How does disputing inquiries turn into a big mess?

[llecs]

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@Anonymous wrote:

How does disputing inquiries turn into a big mess?

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Before I knew the ins and outs of repair, legit repair that is, I disputed everything. Many here, myself included, were hit with fraud alerts after disputing inquiries. The rationale behind a FA is that if your are disputing inquiries and if not yours, then obviously someone stole your identity, hence the FA. In some cases within these forums, albeit rare, the TL associated with the inquiry gets deleted too. Again, if the inquiry isn't yours, then the account must not be either. And in one or two cases that I can recall from the past 3 yrs, the OC associated with the inquiry and TL opted to close the account and then delete.

[haulingthescoreup]

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@llecs wrote:

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@Anonymous wrote:

How does disputing inquiries turn into a big mess?

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Before I knew the ins and outs of repair, legit repair that is, I disputed everything. Many here, myself included, were hit with fraud alerts after disputing inquiries. The rationale behind a FA is that if your are disputing inquiries and if not yours, then obviously someone stole your identity, hence the FA. In some cases within these forums, albeit rare, the TL associated with the inquiry gets deleted too. Again, if the inquiry isn't yours, then the account must not be either. And in one or two cases that I can recall from the past 3 yrs, the OC associated with the inquiry and TL opted to close the account and then delete.

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And another fun possible side effect is that the CRA's will label you as a "frivolous disputer", and when you have a legitimate dispute in the future, they will simply refuse to deal with it.