FNBO (personal) declined my app based on the number of inquiries on my ICS Consumer Report and told me to call them at 800 995-2590
I am not the only one - http://creditboards.com/forums/lofiversion/index.php/t183394.html
http://creditboards.com/forums/lofiversion/index.php/t139892.html
http://www.visaicsdirect.com/faq.html
THERE IS YOUR AOR KILLER!

mhesidence said:EugeneV said:FNBO (personal) declined my app based on the number of inquiries on my ICS Consumer Report and told me to call them at 800 995-2590
I am not the only one - http://creditboards.com/forums/lofiversion/index.php/t183394.html
http://creditboards.com/forums/lofiversion/index.php/t139892.html
http://www.visaicsdirect.com/faq.html
THERE IS YOUR AOR KILLER!

Kills the business app, bumpage, personal app strategy. Not a good idea to be loading your credit report with 30+ inquires every year.

just be sure to apply for MASTERCARDs whenever possible.

EDIT: WHOOPS. seem like they track MasterCard apps, too. damn.

Yeah, hopefully by AOR 4.0 we will know which issuers pull ICS/ARS and plan accordingly. Except that maybe they all will...

A rep from ICS returned my call and said that proof of adverse action is not required in order to request the report. Only your info and copy of driver's license. She also said that the report may be in a different format but should contain identical information as ARS.

Ok, three months have passed, and my ICS/ARS report should look less alarming by now. I will give it a few extra days and then will attempt to have BofA and Citi cards re-opened. Citi closed two of my (fortunately not oldest) cards by mistake during reallocation to business (they were supposed to leave each open with $100 CL, which was minimum according to CSR - I should have known better and left $1000).

There is not much new to report. All signup bonuses are in, and almost all debt from A0R #2 is paid off, which makes my personal reports look a lot better: 7.5K on my Discover at 0% for life, 4.5K on Barclays/National Parks and 8.5K on National City/Lifespring. Even with my daily spending cards, my total reported personal debt is under 21K, with combined CL approaching 300K.

I applied for the Vectra card a few days ago (0% for 12 months and no BT fee, issued by Zions), and these bastards pulled Experian. Not sure yet if my app was approved. This brings the number of my Experian inquiries up to 21, of them 9 in the past 12 months (but only the most recent one within past 6). The other two are inquiry-free, except for Ameriprise on EQ, which should not impact the score anyway. For the first time on my memory, my total debt and total minimum payment is identical on all three reports. Numbers of open and closed accounts and totals by type are slightly different though.

So, my PM123 FAKOs are: 785 TU, 717 EX, 783 EQ. Experian PLUS: 783 TU, 762 EX, 783 EQ. I can't figure out why EX is so low. The only thing that comes to mind is CreditSecure shows 44 revolving accounts on EX, of them 42 "current" and 2 "other". I have 38/38/0 on EQ and 37/37/0 on TU. Installment accounts on all three reports: 4/4/0. Other accounts: 0/0/0 on EX, 4/4/0 on EQ and 5/5/0 on TU. Totals add up. So, looks like I am penalized for these 4 or 5 accounts listed as "installment" on EX but as "other" on EQ/TU, and/or because 2 of them are not showing up as "current" on EX. I found them: "Account transferred to another office" (happened when ELAN became the issuer for PNC and for one of my FCUs). Payment status shows up as "Pays account as agreed" for them on EQ, "Paid or paying as agreed" on TU. All of my open (and some closed) accounts show payment status as "Current", and the rest of the closed accounts show "Paid satisfactorily" on EX and something similar on EQ/TU. Having high credit above CL due to reallocations and CLD (especially on closed cards, where this cannot be fixed easily) may play a role as well, but I have not checked the differences between CRAs.

On business cards, I owe 5.5K on Cap1 (0% until 7/09), 16.7K on Chase Rebate, 72K on Chevy Chase, 83K on CitiBiz, 20K on Discover, 9.7K on BankAtlantic and 14.7K on Wachovia. 8.3K on Advanta is due soon, so it's ~222K, not counting Advanta.

Inquiries do not impact score after 12 months, but FAKO/PLUS may not reflect this. I hope my actual score is higher.

win333, you agreed to stop posting here.

Venturion, ARS/ICS is not a CRA. I do not know of a way to monitor it, other than requesting a free report if you were denied credit based on the information contained in it.

EugeneV said:Ok, three months have passed, and my ICS/ARS report should look less alarming by now.

I believe inquiries stay on ICS / ARS for 1 full year. Also, sometimes soft-pull CLI or CL reallocation requests also result in ARS / ICS inquiries.

EugeneV: would it be worthwhile to spend $12 and get an Experian FICO score from myFICO? You could even cross-check it with either TU or EQ FICO score by buying one of those two. You can buy a TU score for less than $4.

I think the effect of inquiries should be fairly limited on real FICO. First inquiry will drop a good score by about 10-12, second a little more, and then after that count won't matter, as long as there are new applications showing. Also, if you happen to have any 1-mo old, 3-mo old, or 6-mo old accounts, real FICO would be a bit lower. Once accounts pass those age threshold, our score will recover (so if you are continuously applying for new apps, score would be affected for a while, although this would show across all three CRA scores).

Based on such 90 days "rule" one should wait more than 90 days before attempting new AOR.

EugeneV said:tolamapS said:I believe inquiries stay on ICS / ARS for 1 full year.

Yeah, but number of inquiries within 90 days is what most banks go by. I think they subscribe to automatic alert of some kind.