Discrepancy on Hard Inquiries

[penelope10]

I get my quarterly report from TU through myfico.com.  It reports that I have 0 inquiries in the past 12 months.  Credit Karma lists 6 in the past 24 months.  The 6 credit inquires were all tied to mortgage shopping and all pulled within a week of each other in March 2011.  Does this many inquiries over 12 months ago affect my credit score, or is my score based on hard inquiries in the past 12 months only?  Thanks!

[pizzadude]

FICO only scores inquiries within the last 12 months. The CRAs show inquiries from the last 24 months. FAKO scores don't follow the same scoring rules though.

[kjm79]

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@pizzadude wrote:
FICO only scores inquiries within the last 12 months. The CRAs show inquiries from the last 24 months. FAKO scores don't follow the same scoring rules though.

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+1 Yep.  Only inquiries in the last 12 months are scored.  And even then the 6 mortgage inquiries you had were only counted as 1 inquiry for FICO scoring purposes.  The inquiries themselves do stay on the reports for 2 years though and are available for creditors to see. 

[RobertEG]

+1

And to add to the confusion, the period that inquiries are or are not still included in a consumer credit report is totally unregulated.

It is totally an administrative decision by the CRAs.  The standard practice seems to be to retain the inquiries for two years, but any CRA can drop them earlier or retain them longer, at their discretion.  It is totally in the best interest of a CRA to delete them as early as possible, as it is a massive amount of data that looses most of its value to creditors much earlier than 24 months.

[penelope10]

Thank you for the replys!  My bankruptcy just fell off after a long 10 year wait, I have a 4% utilization on my credit cards that I PIF every month, I have a mortgage with a $180k balance.  I'm wanting to apply for a new credit card (probably chase freedom), and wanted to make sure everything in my report was perfect so I can get a solid CL.  Guess I am worrying too much, but after 10 years of having a Public Record on my credit report, I guess I am entitled to worry.