Mortgage companies...checking my credit? (approved, credit card, financing, banks)

[wankel7]

Ok, so I use Identity Guard .com to watch my credit and all the inquiries on my credit.

I was about 100 percent sure I was buying a house until something changed. Regardless, I went to BoA to get financing for it. Well of course they ran my credit but it came across like this for the inquiry.

Company:
BANK OF AMERICA
Company Bureau ID:

Address:
801 N 11TH ST
SAINT LOUIS, MO 63101-1015
Industry:
All banks-non-specific
Telephone:
BYM-AIL-ONLY
Type:
INSTI


--------------------------------

The Type is what confuses me. I thought when a Mortgage company checks your credit it comes across as a mortgage company so when a bunch do it in a weeks time it doesn't ding your fico. So what is a INSTI?

Do I need to fight this so it doesn't hurt my FICO?

[renriq02]

institution.

depends ...if you opened a checking account they pull your credit...

Originally Posted by wankel7

Ok, so I use Identity Guard .com to watch my credit and all the inquiries on my credit.

I was about 100 percent sure I was buying a house until something changed. Regardless, I went to BoA to get financing for it. Well of course they ran my credit but it came across like this for the inquiry.

Company:
BANK OF AMERICA
Company Bureau ID:

Address:
801 N 11TH ST
SAINT LOUIS, MO 63101-1015
Industry:
All banks-non-specific
Telephone:
BYM-AIL-ONLY
Type:
INSTI


--------------------------------

The Type is what confuses me. I thought when a Mortgage company checks your credit it comes across as a mortgage company so when a bunch do it in a weeks time it doesn't ding your fico. So what is a INSTI?

Do I need to fight this so it doesn't hurt my FICO?

[wankel7]

Wow, you know I never thought of that but I opened up a checking account to satisfy the details of the mortgage.

I can't believe they ran my credit for a piddly checking account but they will dole out CC to undocumented people.

Real slick Boa

[renriq02]

yea i used to work at Bofa.....and actually most banks run your credit.
BofA didnt open checking accounts if you had a bankruptcy etc....
this is how most ppl get approved for a credit card when they only opened a checking account.

Originally Posted by wankel7

Wow, you know I never thought of that but I opened up a checking account to satisfy the details of the mortgage.

I can't believe they ran my credit for a piddly checking account but they will dole out CC to undocumented people.

Real slick Boa