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Frequent Contributor
Posts: 484
Registered: ‎07-31-2007
0

Inq's

Do you call the company or the credit card ot get the inq taken off?
Established Contributor
Posts: 1,045
Registered: ‎12-30-2007
0

Re: Inq's

why are you asking? you can dispute an inquiry w/the credit bureau, but why are you disputing it? i've read/heard inquiries are hard to get taken off though
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Inq's

Hard inquiries are seldom worth the time and energy to have removed. They're just not that big of a score factor.
- - - -
in a credit-scoring postnuclear Stone Age...
Moderator Emeritus
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Inq's



laryn41 wrote:
Do you call the company or the credit card ot get the inq taken off?


On what grounds are you wanting it removed?
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Valued Contributor
Posts: 1,699
Registered: ‎08-18-2007
0

Re: Inq's

i am thinking of asking citimortgage to remove a hard inq for a heloc i wanted but decided not to do it. I hope they will remove it.
Frequent Contributor
Posts: 484
Registered: ‎07-31-2007
0

Re: Inq's

I thought that they are a big part of your score factor, plus they stay on for 2 years...
Frequent Contributor
Posts: 299
Registered: ‎04-28-2008
0

Re: Inq's

Ummm, it sounds like they still had PP for an inquiry.  I don't think they will remove it because YOU didn't want the LOC, but good luck anyway.
TU-654 (6/9/08), EQ-660 (5/15/08), EX-?
TU-696 (9/1/08), EQ-702 (2/25/09), TU-700 (3/2/09)
TU-748 (6/4/09), EQ-746 (6/1/09)
TU-746 (7/7/09), EQ-749 (7/7/09), EXP-696 (7/7/09)
Established Contributor
Posts: 1,045
Registered: ‎12-30-2007
0

Re: Inq's

but it only counts in your score for 1st 12 months, but wont' drop off until 24 months
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Inq's



laryn41 wrote:
I thought that they are a big part of your score factor, plus they stay on for 2 years...


Nope. If anything, they are a very tiny factor.
 
I recently went from 0 to 1 inquiry on TU and didn't see a single change in score. Of my last 10 inquiries on EX, there were no changes at all to the score. The changes people see are often caused by 1 of 3 things:
 
1) Their score is hovering around 800. Yes, 1 inquiry at that level could cause as much as a 5 point drop. However, any change is usually caused by going from 0 to 1 or 1 to 2 inquiries. And it is not 5 pts per inquiry. It may be 5 for the 1st, 3 for the second, 1 for the third, and 0 for the rest, supposing.
 
2) Some have claimed to have lost 20 plus points with a single inquiry. However, it is not the inquiry that caused the damage, but rather the new account reporting. I lost 20 pts with my last CC and DW lost 25.
 
3) Some pull their reports, see a drop, and assume it is the inquiry that caused the damage. They need to consider other factors that could cause a drop like utilization, addition or removal of an acct, lates, etc.
Finally, don't ever dispute an inquiry. The account could completely drop off your CR, for good.
Established Contributor
Posts: 717
Registered: ‎03-05-2008
0

Re: Inq's

I thought they were a factor as well.  Not necessarily from a score perspective, but from prospective creditors. When creditors see an abundance of inquires, I read they are leery to extend credit, or getting the reconn is more stringent.



TheNewWorldMan wrote:
Hard inquiries are seldom worth the time and energy to have removed. They're just not that big of a score factor.



Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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