whocares 1,184 Posted January 5, 2008 Report Share Posted January 5, 2008 Yep...understand the theory. But...by law, all inquiries stay on your reports for two years...period. There must be something going on we don't know about. My theory is that the CRAs have some loophole that allows them to only show YOU a certain number of inquiries...and therefore it appears as though the baddies were being bumped. Do we have an evidence from someone else pulling your reports...like a mortgage broker...that says that bumpage works?I do think it works...I use 2 services and I used MYFICO.com to pull my actual report...MYFICO is supposed to be where you get your complete report and scores...I compared with the bank and they were the same...only mine was nicer since MYFICO prints out such a nice report.JMHO Link to post Share on other sites
par 42 Posted March 15, 2008 Report Share Posted March 15, 2008 Anyone had this experience if you print out report?Just a wierd fact someone told me...Using backdoors and pulling reports works an takes awhile, BUT~!! if you actually pull your report in printer form and print it out it is supposed to work faster...I have seen some movement, not sure what caused it, but I have been printing my reports. Link to post Share on other sites
willingtocope 1,336 Posted March 15, 2008 Report Share Posted March 15, 2008 ....sigh...... Link to post Share on other sites
Amerikaner83 1,026 Posted March 15, 2008 Report Share Posted March 15, 2008 yeah...that about sums it up. Link to post Share on other sites
Tony 21 Posted March 15, 2008 Report Share Posted March 15, 2008 After 2 months of bumping every day.. two fell off today went up 1 point Link to post Share on other sites
willingtocope 1,336 Posted March 17, 2008 Report Share Posted March 17, 2008 Alrighty then, straight from the (dead) horse's mouth, here's the way FICO views inquiries...How the FICO ScoreCounts InquiriesAs explained in the last section, a search for new creditcan mean greater credit risk. This is why the FICOscore counts inquiries—requests a lender makes foryour credit report or score when you apply for credit.FICO scores consider inquiries very carefully, as not allinquiries are related to credit risk. There are three thingsto note here:■ Inquiries don’t affect scores that much. For mostpeople, one additional credit inquiry will take less thanfive points off their FICO score. However, inquiries canhave a greater impact if you have few accounts or ashort credit history. Large numbers of inquiries alsomean greater risk: People with six inquiries or moreon their credit reports are eight times more likely todeclare bankruptcy than people with no inquiries ontheir reports.■ Many kinds of inquiries aren’t counted at all. The scoredoes not count it when you order your credit report orcredit score from a credit reporting agency or themyFICO service. Also, the score does not countrequests a lender has made for your credit report orscore in order to make you a “pre-approved” creditoffer, or to review your account with them, even thoughyou may see these inquiries on your credit report.Requests that are marked as coming from employersare not counted either.■ The score looks for “rate shopping.” Looking for amortgage or an auto loan may cause multiple lendersto request your credit report, even though you’re onlylooking for one loan. To compensate for this, the scorecounts multiple inquiries in any 14-day period as justone inquiry. In addition, the score ignores all inquiriesmade in the 30 days prior to scoring. So if you find aloan within 30 days, the inquiries won’t affect yourscore while you’re rate shopping.You can read the whole thing at http://www.fairisaac.com/NR/rdonlyres/DA689E4A-08E8-42C7-9DD0-1D87FA6ED726/0/UnderstandCreditScoreBklt.pdfThe implication of this is that there is much, much more to how inquiries affect your actual FICO scores than simply the number of inquiries that you can see on your reports.A thorugh search of the internet...including .GOV sites...basically says this.1. There is a huge amount of anecdotal evidence that pulling your TransUnion and Equifax scores yourself on a daily basis will create "soft pulls" that will...after 64 or so for TransUnion and after 95-100 or so for Equifax...cause "hard pulls" to disappear from the reports that you see. The same sites report that this does NOT appear to work on Experian.2. By daily bumping your reports your run two large and significant risks: a.) you may wind up with a "split file" (too many records in your data cause their system to only retrieve part of them....which part is difficult to predict and even harder to repair).b.) you may wind up "banned" from the sites that allow daily pulls. Since this apparently doesn't happen to everyone, there must be something unique about the data for those folks that get banned.3. Anyone who is thinking about advancing you credit (with the possible exceptions of credit card companies) usually rely on a "tri-merge" or pull each of the three major CRAs individually. They will see ALL "hard" inquiries on Experian. Link to post Share on other sites
Tony 21 Posted March 17, 2008 Report Share Posted March 17, 2008 After 2 months of bumping every day.. two fell off today went up 1 pointI'm, Sorry make that one more.. from 12--------->9lets go... up one more point Link to post Share on other sites
BTO429 456 Posted March 17, 2008 Report Share Posted March 17, 2008 I have no clue if *b works or not but I will keep updating and find out. Link to post Share on other sites
Tony 21 Posted March 19, 2008 Report Share Posted March 19, 2008 Were down to 8 Link to post Share on other sites
AboveAverage 779 Posted March 19, 2008 Report Share Posted March 19, 2008 I have no clue if *b works or not but I will keep updating and find out.Trust me, Gunny, it does...just keep at it until you see results OR TC bans you. Link to post Share on other sites
AboveAverage 779 Posted March 19, 2008 Report Share Posted March 19, 2008 I am down from 18 (give or take) to 4 INQs from TU. I started on 12/28/07. I'd probably be down to 0 but like a moron, I keep applying for new credit thinking I can. I'm not applying anymore and will focus on rebuilding with what I got and getting rid of baddies, but I will say that I do believe in *b, bumping, whatever you want to call it. Link to post Share on other sites
Tony 21 Posted March 20, 2008 Report Share Posted March 20, 2008 UH YEah from 8 to 6..... Link to post Share on other sites
Tony 21 Posted March 21, 2008 Report Share Posted March 21, 2008 One more falls off. down to 5:D Link to post Share on other sites
par 42 Posted March 21, 2008 Report Share Posted March 21, 2008 Question re post #56: rate shopping---does that paragraph apply only to car loan type of pulls, or also to new credit card pulls, or? Link to post Share on other sites
Tony 21 Posted March 26, 2008 Report Share Posted March 26, 2008 I went from 12 to 4:D:D:D:D Link to post Share on other sites