Closing in on 800?

[NJTurnpike]

I wonder if i didn't have my inquires, would my scores close in on 800? I suppose that would mean my AAoA would go up as well since the inquires need to age to drop too.

[lg8302ch]

good question
I have been trying to get passed 793 EQ Fico but did not succeed even without inq in 24 months. Fico did not like only 2 accounts. Now it does not like the too many recent accounts and inq..ha ha..now on my test for gardening 12 months and see what this will do. ...

[thom02099]

---

@NJTurnpike wrote:

I wonder if i didn't have my inquires, would my scores close in on 800? I suppose that would mean my AAoA would go up as well since the inquires need to age to drop too.

---

Certainly, losing 13 inquiries per report would have an impact on your score; it could net you probably 50-75 points (figuring a net gain of +5 points/inq on average)!

[Revelate]

---

@thom02099 wrote:

---

@NJTurnpike wrote:

I wonder if i didn't have my inquires, would my scores close in on 800? I suppose that would mean my AAoA would go up as well since the inquires need to age to drop too.

---

Certainly, losing 13 inquiries per report would have an impact on your score; it could net you probably 50-75 points (figuring a net gain of +5 points/inq on average)!

---

Inquiries aren't nearly that intensive on the base score, nor are they linearly penalized in the algorithm.  Sitting at a 700 or thereabouts on the DCU pull, it's unlikely it'll kick the OP up 50 points, let alone anywhere close to 800.  Amex was probably a bankcard enhanced pull anyway, but my guess is maybe 15-20 points in this case but it does depend what else is in the report.  

Generally speaking, for any moderately thick file, it takes a while to reach 800; 720 is pretty much obtainable by virtually everyone without significant derogatories within a a year or two... get comfy after that though, diminishing returns are littered throughout the model.