Oh noes, another question about INQs

[armbenderc]

So, all of my auto loans shopping INQs on EQ and TU dropped. I'm sitting at 4inqs and 6,inqs versus 14 on EX.

Now, the INQs on EX are still there, they are from AUTO loans shopping and same as EQ and TU.

My question is, how come the same auto loans inqs from EQ and TU dropped but not from EX?

[09Lexie]

What do you mean by dropping? No longer reporting at all?

[enharu]

Ex usually drop inquiries at the end of each month, so sometimes they last a few days longer than 2 years, if that's your question.

[armbenderc]

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@09Lexie wrote:
What do you mean by dropping? No longer reporting at all?

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Yup, gone from reports for 2 months now.. while EX still remains.

@enharu That's true EX takes longer for it to drop, but 2 months? come on...

[enharu]

It doesn't really matter though. They are taken out of scoring considerations after a year and lenders don't really care about inquiries that are >1 year old, unless you have some derogs or something out of the ordinary on file where they will then go through your entire report with a fine comb.

Don't worry too much about it. Lenders can see its >2 years and most likely disregard it anyhow

[09Lexie]

Plus it depends on where you are pulling your CR's. Third party CMS are notorious for not being reliable. If you are curious, check with the actual CRA to see if they are still present.

[RobertEG]

The problem with the normal exclusion of inquires from your credit report is that it is not regulated under the FCRA.

It is purely an administrative policy used by the CRAs to clean out the millions of records cluttering their database that are considered to no longer be of value to their customers after an arbitrary period of 2 yeats.  No basis for formally disputing deletion at any set point in time, so you kinda have to roll with the punch until they get to it...