Excessive inquiries and accounts

[Anonymous]

Hi -

I'm not saying its easy...except easy to run afoul of the system. I spent years chasing down and making corrections -

but worth the ffort over time. Now, as you know, the credit world seems to change daily. I'm no expert and even

though I use a monitoring system, it isn;t perfect. Chasing a FUBAR right now: a company I used  to work for and

had a corporate AMEX was not paying their bills and now, they or AMEX has put a late pay on my personal account.

I would think that will take weeks to fix...meantime, there goes 100 points of my score :-(

[jamesdwi]

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@llecs wrote:

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@Anonymous wrote:

My credit card report claims I have more inquiries than people with high credit scores. I don't recognize a number of  them and I wonder if they can be challenged? Can I ask to be shown they were for credit requests and that I authorized them? One at least was for re financing a mortgage. Can that sort of inquiry be held against me?

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Ditto. Ignore the inquiries. Inquiry damage is overrated. They also only count for the first year and FICO ignores after a year old. If any were obtained for a refi, FICO will also ignore all but one within a given time frame, assuming the inquiries were for a refi.

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@Anonymous wrote:

Also the report noted 29 accounts. About half of the accounts listed are closed and several are inactive. Again is it worth a challenge to get the closed accounts removed and close accounts I don't use.   

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You absolutely, positively, definitely do NOT want to remove old accounts.......unless you want a big score drop.

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+1000

open and closed accounts are used to calculate AverageAgeOf Accounts... lenders like a nice larger number for this one