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I wonder about inq's hitting the year mark.

Valued Contributor

I wonder about inq's hitting the year mark.

I have two inq's due to hit the year mark on my TU, actually one hit the year mark today (my TransRisk Score went up by thirteen points today, which I know means absolutely nothing) and the other will hit the year Dec 9th, I'm wondering once both inq's hit the year mark, if I will gain the 5 points I want oh so badly to put me at 800 TU FICO.

 

Oh that would be such a nice early Christmas present Smiley Happy

 

Sorry for the dumbest post ever Smiley Very Happy


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Message 1 of 9
8 REPLIES
Valued Contributor

Re: I wonder............

It is possible.One the score reasons does it refer to the inquiries on page or three of your MYFICO credit report?( in the whats hurting your score section)

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015
Message 2 of 9
Community Leader
Epic Contributor

Re: I wonder............

It would depend upon the mysterious unknown of how FICO diminishes the scoring affect of inquiries over the one year period that they are scored.

Most likely, the effect of the inq was only about 5 or so to begin with.  If some of its impact has already been reduced by the algorithm, you may see nothing or only a point or so as it finally evaporates.

Message 3 of 9
Valued Contributor

Re: I wonder............


AndySoCal wrote:

It is possible.One the score reasons does it refer to the inquiries on page or three of your MYFICO credit report?( in the whats hurting your score section)


Well on page two "Understanding you Fico Score" it only lists one thing, **Too many accounts 14** on the inq page it says inq's that may be affecting your score **total 5 times** one hit the year mark yesterday and the other will hit the year mark Dec 9th, the other three will hit the year mark 5/12.


RobertEG wrote:

It would depend upon the mysterious unknown of how FICO diminishes the scoring affect of inquiries over the one year period that they are scored.

Most likely, the effect of the inq was only about 5 or so to begin with.  If some of its impact has already been reduced by the algorithm, you may see nothing or only a point or so as it finally evaporates.


That's kind of what I was thinking, but I guess another factor could be these two account hitting their 1 year anniversary, maybe that will have an impact, I'll find out when I pull my TU report on the 15th or 16th of this month.

 

I'll post any changes if any,

 

Thanks for the replies my Friends.


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Message 4 of 9
Established Contributor

Re: I wonder............

I'll pulling for ya.  Sure hope you get those 5 points plus some!!!!

 

 

 

Filed BK 12/5/14
341 meeting 1/9/15
Anticipated discharge 3/10/15

Goal: 700 by 3/2017
Message 5 of 9
Valued Contributor

Re: I wonder............


casmith1980 wrote:

I'll pulling for ya.  Sure hope you get those 5 points plus some!!!!

 

 

 



Thank you very much, I appreciate that.


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Message 6 of 9
Valued Contributor

Re: I wonder............


Mustanglvr2006 wrote:

I have two inq's due to hit the year mark on my TU, actually one hit the year mark today (my TransRisk Score went up by thirteen points today, which I know means absolutely nothing) and the other will hit the year Dec 9th, I'm wondering once both inq's hit the year mark, if I will gain the 5 points I want oh so badly to put me at 800 TU FICO.

 

Oh that would be such a nice early Christmas present Smiley Happy

 

Sorry for the dumbest post ever Smiley Very Happy


Just pulled my TU report and it's a 799 Smiley Indifferent

 

Oh come on FICO, couldn't you have given me 5 points instead of 4 points Smiley Very Happy


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Message 7 of 9
Valued Contributor

Re: I wonder............


Mustanglvr2006 wrote:

 

Oh come on FICO, couldn't you have given me 5 points instead of 4 points Smiley Very Happy



I guess it would have killed them to give you 1 more point. Tightwad Transunion! Smiley Mad 



Husband's Current Score: EX 691 CUSC; EQ 694; TU 687; Mine: EX 773 (AMEX); EQ 720; TU 750
Wallet Contents: SECURED: Capital One Platinum Mastercard, US Bank Harley Davidson Visa, USAA Bank American Express;
UNSECURED: Chase Freedom; USAA Cash Rewards World Mastercard, Discover More, CUSC Platinum Rewards Visa, American Express Zinc, American Express Blue Cash Preferred, Amazon Card, Walmart Discover Card
Message 8 of 9
Valued Contributor

Re: I wonder............


discernment wrote:

Mustanglvr2006 wrote:

 

Oh come on FICO, couldn't you have given me 5 points instead of 4 points Smiley Very Happy



I guess it would have killed them to give you 1 more point. Tightwad Transunion! Smiley Mad 


Well, I might still have a chance, I just checked my inq page on todays report and it still shows the inq from December 09, 2010 Discover Financial Svcs.

 

The inq from Dec 6th is gone but not the inq from the 9th.

 

So maybe I'll wait till next Friday and pull it again to see if I get another 4 points from the inq that's still there.

 

Here's to hoping!!

 


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Message 9 of 9