The Master I Bumped My Inquiries But Was Still Denied for too Many Applications Thread...

[hegemony]

time to start tracking the effects of the CRAs that track applications...

 

not just for people who bumped inqs. but the subject line should grab your attention...

Edited June 15, 2012 by hegemony

[hegemony]

It seems that such CRAs might be behind a couple denials posted here:

 

http://creditboards.com/forums/index.php?showtopic=492188

 

possible but unconfirmed denials for Occam and trubliever82.

[hegemony]

http://creditboards.com/forums/index.php?showtopic=387287

 

ScrapEx reports IDA and ARS were cited by US Bank in a 2009 denial. rozzie01 also mentions the same issue with US Bank in the above thread.

[hegemony]

http://creditboards.com/forums/index.php?showtopic=243265&view=findpost&p=2161830

 

swishyx notes ARS is cited by BOA for a biz credit denial from 2007

[hegemony]

rcsfca notes a USAA denial for too many inquiries even though he or she had bumped all but one and speculates the information came from ARS or another application tracker.

 

This might explained my USAA denial. I applied for a Mastercard in January but was denied because of too many inquiries. I requested a recon based on the fact that I only had one inquiry (I love Bump), but they still declined my application.

 

http://creditboards.com/forums/index.php?showtopic=239752&view=findpost&p=2149934

Edited June 15, 2012 by hegemony

[hegemony]

http://creditboards.com/forums/index.php?showtopic=253107&view=findpost&p=2277506

 

Llwellyn reports denial from FNBO based on ICS even though he or she had bumped.

[BobWang]

BIG Grasshopper sighting.

[breeze]

 

VISA keeps a database which includes inquiries. There are several, some of them don't actually report anything except that there is a discrepancy between the CRA and their data. Red-flags the app.

 

 

I already have a title.

[Occam]

There was a long thread on this a couple of years ago on FWF. It was determined that in the case of U.S. Bank, at least, ARS was the culprit and freezing it would solve the problem. Then everyone suddenly clammed up, so I assumed it was one of those things that don't get talked about.

 

I would like to know if there's any downside to such a freeze. Nobody has ever mentioned one.

[TrevorHere]

 

2006-7 were my largest apps years ever. I applied for about 1-2 new accounts each month. Was never denied. But that WAS back in 2006-7 before seemingly lender paranoia set in...

[road2freedom]

Hopefully these reasons are getting noted in creditpulls too.

[syncracirca]

There needs to be a Master Master thread with links to all of the Master threads.

 

[foeplay]

There needs to be a Master Master thread with links to all of the Master threads.

 

There already is one.

[syncracirca]

 

There already is one.

 

Wait...what?....I don't even......

[foeplay]

found it!

 

The Master List

[hegemony]

^^^

[Occam]

Just got a letter I wrote to EWS returned:

"Return to sender. Not deliverable as addressed. Unable to forward."

 

The bad address is:

877 E. Harford Drive, Suite 110

Scottsdale, AZ 85255

 

Looks like a mail drop anyway. Obviously they DO NOT want to leave any paper trails. But I guess I wouldn't either, if I was in their line of business.

 

It seems you can ONLY request your report by phone.

[Burgerwars]

I'm thinking even though a credit record may magically show no inquiries, it may also show 10 new accounts. A creditor may put one and one together and figure out those new accounts had to come from somewhere, even without inquiries.

[Occam]

I'm thinking even though a credit record may magically show no inquiries, it may also show 10 new accounts. A creditor may put one and one together and figure out those new accounts had to come from somewhere, even without inquiries.

That would only work if they checked all the CRAs; most only pull one.

 

Aside from that, it's easy to rack up inquiries without even applying for credit account by opening bank accounts, joining CUs, etc. There is no reason these should count against you, but they do. The negative value of inquiries was determined before 2008, when inquiries were far more likely to indicate "credit seeking" behavior than they are today.

 

You can also add inquiries without adding new accounts by requesting CLIs or applying for new accounts and being denied. Losing that sort of inq is unlikely to raise any suspicions no matter how diligent the underwriter... UNLESS they are using one of those "extra" tracking agencies...

[cputrwz]

Don't forget getting things that have nothing to do with credit... like insurance or renting an apartment or employment.

[hegemony]

gogogophers posted some useful info here on the contents of an ARS report:

 

http://creditboards.com/forums/index.php?showtopic=499219

[BDK]

Don't forget getting things that have nothing to do with credit... like insurance or renting an apartment or employment.

 

gogogophers reported that his ARS report ONLY included Visa/MC inquiries,

 

not Amex, Discover, store cards, insurance, housing, utilities, or employment.

[hegemony]

bump

[beli]

Where's George? Wasn't he always the one that said no one ever got denied because to many inquires that weren't listed on the Cra's?

[somekindofhappiness]

Don't forget getting things that have nothing to do with credit... like insurance or renting an apartment or employment.

 

gogogophers reported that his ARS report ONLY included Visa/MC inquiries,

 

not Amex, Discover, store cards, insurance, housing, utilities, or employment.

 

Got my ARS report and it reported no Master Card applications and only two Visa apps. Strangely, it didn't have anything on my Citi Visa from earlier this year. Maybe Citi simply doesn't use them. US Bank definitely does however.