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Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
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I wonder about inq's hitting the year mark.

[ Edited ]

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 :smileyhappy:

 

Sorry for the dumbest post ever :smileyvery-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
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Valued Contributor
AndySoCal
Posts: 1,947
Registered: ‎04-07-2009
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Re: I wonder............

[ Edited ]

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 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
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RobertEG
Posts: 18,217
Registered: ‎03-19-2007
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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.

Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
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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

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casmith1980
Posts: 633
Registered: ‎03-20-2010
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Re: I wonder............

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

 

 

 

EQ Fico 2009 500's
TU Fico 2009 500's

EQ Fico 04/10/2012 663 (SW alert)
TU Fico 04/13/2012 653 (Walmart)

Goal: 760 by 12/2013 and close on my first house :smileyvery-happy:

Goal - 720 by 12/31/12
Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
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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


Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
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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 :smileyhappy:

 

Sorry for the dumbest post ever :smileyvery-happy:


Just pulled my TU report and it's a 799 :smileyindifferent:

 

Oh come on FICO, couldn't you have given me 5 points instead of 4 points :smileyvery-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


Valued Contributor
discernment
Posts: 1,142
Registered: ‎09-01-2011
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Re: I wonder............


Mustanglvr2006 wrote:

 

Oh come on FICO, couldn't you have given me 5 points instead of 4 points :smileyvery-happy:



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



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
Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
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Re: I wonder............

[ Edited ]

discernment wrote:

Mustanglvr2006 wrote:

 

Oh come on FICO, couldn't you have given me 5 points instead of 4 points :smileyvery-happy:



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


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



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