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Established Contributor
landocalrissian
Posts: 597
Registered: ‎10-27-2007

How long does it take for inquiries to fall off of your reports???

I know this question has been asked before, but I need to know the average time it takes for inquiries to fall off of the CR's. I have 13 and I know that this is affecting my scores and my ability to get CLI's and potentially new credit down the line. 
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007

Re: How long does it take for inquiries to fall off of your reports???



landocalrissian wrote:
I know this question has been asked before, but I need to know the average time it takes for inquiries to fall off of the CR's. I have 13 and I know that this is affecting my scores and my ability to get CLI's and potentially new credit down the line. 


There should be no average.  They remain for 2 years but only affect your score for 1 year.
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Regular Contributor
NowIcare
Posts: 151
Registered: ‎09-28-2007

Re: How long does it take for inquiries to fall off of your reports???

Its 2yrs to completely dissapear..........
but only the past yr counts toward your fico score.......
NO SIGNATURE FOR ME
Established Contributor
landocalrissian
Posts: 597
Registered: ‎10-27-2007

Re: How long does it take for inquiries to fall off of your reports???

We are talking hard pulls here??????
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.
Regular Contributor
NowIcare
Posts: 151
Registered: ‎09-28-2007

Re: How long does it take for inquiries to fall off of your reports???



landocalrissian wrote:
We are talking hard pulls here??????



Yup hard pulls
NO SIGNATURE FOR ME
Established Contributor
landocalrissian
Posts: 597
Registered: ‎10-27-2007

Re: How long does it take for inquiries to fall off of your reports???

Thanks for the intel.  Now I guess I might have to wait a year to apply for new credit.  Not a problem.  I am trying to manage the 7 cards that I have and develop a good credit history.  Dilute the bad credit with the good.
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.
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Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: How long does it take for inquiries to fall off of your reports???


landocalrissian wrote:
Thanks for the intel. Now I guess I might have to wait a year to apply for new credit. Not a problem. I am trying to manage the 7 cards that I have and develop a good credit history. Dilute the bad credit with the good.

I've been told that the inq's carry the full damage for one year, and then *poof* zero damage, although they will display if someone pulls your report. What does start to fade: if your inq worked, and you got new credit from it, the hit from the newness starts to fade after 3 months, and then again at 6 months.

So if you read about inq's hurting less after 6 months, what's probably going on is that the CC that came from it had its 6-month birthday, and then was a score bump from that.

If this works for you, you might do a rolling calendar. Get familiar when things hit 3 months, 6 months, 12 months, 18 months, and 24 months. This includes inqs, new accounts, lates, all that good stuff. Sometimes you get little surprise score bumps just from something getting a little bit older.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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