General Credit Topics

[praise123]

I have read that inquiries stop hurting your score after 1 year.  For example, if the inquiry was in July 2011 will this age and imporve the score a little more?  I know that it does not come off the report for 2 years, but  how does this work.

[drkaje]

All I've read says they stop being factored after one year. Two of mine are coming up on the one year mark this week. Ex should go up but it's a FAKO so there's no telling if the score change is predictive.

[pizzadude]

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praise123 wrote:

I have read that inquiries stop hurting your score after 1 year.  For example, if the inquiry was in July 2011 will this age and imporve the score a little more?  I know that it does not come off the report for 2 years, but  how does this work.

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That's correct....assuming that you didn't incur any more recent inquiries you might expect a small FICO score bump.   

[sunshine7157]

I just got a SW yesterday. The only thing different was the 1-yr anniversary of one of the 2 inq. I got bumped 10 points!!!!! YMMV but I got +10 going from 2 inq to 1. And it had nothing to do with a new account hitting a year (that inq was for rent approval).

[praise123]

Thats great to hear.  I have a few that are going to age out in July, august, november for that year mark, but I also have several HP that were needed to get credit approved in June.  I hoping things settle down by December so I can be cleared with the mortgage approval.  Thanks~

[nicknrm]

I actually think they could last as long as two years, but I'm assuming over time they will have less impact.

I just applied today for a Discover Card.  I got declined and the only reason it said was "Too many inquiries in last 24 months."

[pizzadude]

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nicknrm wrote:

I actually think they could last as long as two years, but I'm assuming over time they will have less impact.

I just applied today for a Discover Card.  I got declined and the only reason it said was "Too many inquiries in last 24 months."

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Inquiries will stay on your reports for 2 years, but FICO scoring ignores them after the first year.     However, creditors may look at your report and choose to include anything ( including older inquires ) in their own analysis.

[rootpooty]

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nicknrm wrote:

I actually think they could last as long as two years, but I'm assuming over time they will have less impact.

I just applied today for a Discover Card.  I got declined and the only reason it said was "Too many inquiries in last 24 months."

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too many in 24 mos yikes! i figured they would over look them after 12 mos

[rootpooty]

I have 7 on eq all due for 1 year mark in nov so im all antsy on a score bump as well