03-01-2013 08:25 AM
03-01-2013 08:43 AM
Inquires are not a big deal as long as they don't get out of hand. Those that have been on your report over 1 year will not contribute to your fico score, and inquiries over 6 months old weigh less on your score. Your reports will show record of hard inquires for a maximum of 2 years from the date that the inquires were made. Generally, number of inquiries should not be a determining factor when it comes to requesting a CLI or not. You may have a higher score if you wait for them to fall off but the difference will probably be very small.
Requesting a CLI may add a hard inquiry to your credit report. Different companies have different policies regarding this. Some soft pull, some hard pull.
03-01-2013 08:51 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO