Inquiries 1 or 2 years

[Brusilov]

I know for scoring purposes only the last year matters but do lenders still look at and care about INQ that are over a year old?

[iCoop]

I would like to know this as well. I have quite a few inquires from last year as I bought a home and a car so I'm wondering if they will really count after this year.

[android01]

Inquiries remain on your report for two years.  They only count for FICO scoring purposes for one year.  

[bichonmom]

I think it depends on the lender/bank and the rest of your credit profile. In general, they're mostly concerned with the most recent inq and if they're for a car or house, you can always explain on recon. I apped for Amex with around 6 or 7 inq from last year and none this year, and they approved me - and are inq sensitive. usually, it's not just inq. It's a combination of inq and other factors, and they list inq as one of the reasons for denial.

[android01]

I think it really depends on whether an application is a manual review or a computer generated approval/denial. 

[Brusilov]

Thanks, trying to clean things up as much as possible before an app next year.  I figured out that I will have 0 INQ for the past 12 mo and 5 from the previous year at time of apping which doesn't seem very excessive.

[namvet]

Recent inquiries (6 months or less) cause the most damage.  Minor damage 1st year and no damage over 1 year.

[logan_720]

They might not cause any damage per se. But they are still there and can cause a denial from a lender, such as in my case where I was denied for simply having "too many inquiries within the past 24 months."

[namvet]

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@logan_720 wrote:

They might not cause any damage per se. But they are still there and can cause a denial from a lender, such as in my case where I was denied for simply having "too many inquiries within the past 24 months."

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