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walding714
379 Posts |
 Posted - 01/07/2008 : 5:42:45 PM
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| Does anyone know what the best day in the month is to pull a credit report. I had heard that its after the 10th, does anyone know any different? |
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darkstar
18023 Posts |
Posted - 01/07/2008 : 5:43:57 PM
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| Everyday, many times! |
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brandie
3260 Posts |
Posted - 01/07/2008 : 5:45:41 PM
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| Around the 10th to 15th is good time to pull. |
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vburek
522 Posts |
Posted - 01/07/2008 : 5:47:26 PM
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| The very best time is 3:28pm on the 12th of the month. |
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homebroker@sbcgl
3401 Posts |
Posted - 01/07/2008 : 8:28:37 PM
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| someone told me the end of the month like the 25th, is there any proof any day is better than another? Mid month, I will try that! |
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mgraham224
1008 Posts |
Posted - 01/07/2008 : 8:46:49 PM
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I would love to know if anyone has any evidence or statistics to back this up. Interesting question!
I don't have a guess. |
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Mandyvilla
3382 Posts |
Posted - 01/07/2008 : 9:09:12 PM
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OMG, I started laughing at the title just imagining what answers would be given. Like the prior poster, I seriously suspect it's not a factor that weighs in, and proving it one way or the other would be very difficult. And if it really matters on the borrower you are working on, chances are you need a new borrower.
My vote is the sooner the better. Get rid of them before you waste too much time. |
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george-1st
148 Posts |
Posted - 01/07/2008 : 9:14:07 PM
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YES! The best time is at 12 midnight, on the night of the full moon. How else would they qualify?  |
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SoCalRay
2698 Posts |
Posted - 01/07/2008 : 9:14:18 PM
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Like Mandy said and What the CEO of Equifax told me
Better sooner then later if it is a borderline credit
According to the CEO of Equifax, it won't change more then a 5 point spread and will probably go down Earlier in the year when everyone is carrying Christmas debt.
Did his Refi for him and he gave me all these little nuggets here and there |
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cassie701
1359 Posts |
Posted - 01/07/2008 : 9:14:24 PM
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I have heard that its best to pull credit at the beginning of the month between the 1st & the 7th. The reason is because sometimes creditors are late reporting and if they are late then some items will not show up.
Not sure how true it is but I tried it once and believe or not, my client score was higher. |
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mgraham224
1008 Posts |
Posted - 01/07/2008 : 9:21:49 PM
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| Oh, i figured this thread out. Best time to pull is after the rapid rescore comes back! |
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NNMS
992 Posts |
Posted - 01/07/2008 : 9:35:47 PM
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quote:
Originally posted by mgraham224
Oh, i figured this thread out. Best time to pull is after the rapid rescore comes back!
That's it! |
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Tsnyder
8256 Posts |
Posted - 01/07/2008 : 10:12:56 PM
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I've always found that the best day to pull credit
is the day I take the app...
Tsnyder
"Stop calling those high school boys who had sex with
their hot blonde teachers damaged. I have another word
for them - lucky bastards." ~George Carlin
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RGK2394
1209 Posts |
Posted - 01/07/2008 : 10:30:13 PM
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I'd say it's all relative-
If you have a subprime borrower with many lates, prob earlier in the month before the cycle of lates gets reported
Someone with a 700 fico, 1st or the 15th won't matter- good credit on the 1st will be good credit on the 30th.
For my bread and butter, 620-679 clients, I don't even try to guess a date to pull. I take the app and wor up a deal. In 10 years of viewing credit reports, I have never found there to be a trend of better days to rip credit. Best thing to do is view the report, and if problems, work with the client to get resolved and re-pull. But an arbitrary reason such as the day of the month a report is requested will not affect the score in any way I am aware of. |
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