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Regular Contributor
chuck_texas
Posts: 208
Registered: ‎02-10-2008

Inquires On MYFICO; HARD or SOFT?

can you guys tell me if the inquires on my fico are Hard or Soft.
 
Thanks a million.
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007

Re: Inquires On MYFICO; HARD or SOFT?

All of the INQ's displayed on myFICO are hard-
 
You can only get soft INQ directly from the CB's
 
https://annualcreditreport.transunion.com/user/returnUser.jsp

https://www.experian.com/consumer/cac/InvalidateSession.do?code=DISPUTE
 
 
Regular Contributor
chuck_texas
Posts: 208
Registered: ‎02-10-2008

Re: Inquires On MYFICO; HARD or SOFT?

Correct if I am wrong please.
 
1 inquire can drop you score 7-10 points the month that it is pulled and has less impact as time pass's over a one years time.
 
Thank you
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007

Re: Inquires On MYFICO; HARD or SOFT?

[ Edited ]


chuck_texas wrote:
Correct if I am wrong please.
 
1 inquire can drop you score 7-10 points the month that it is pulled and has less impact as time pass's over a one years time.
 
Thank you



Close, but not quite.  Inquiries can drop your score 0 to ??? points (it depends on how high your score currently is and how many inquiries you currently have), and they have the full effect for one year, at which point they stop counting altogether.
 


Message Edited by cheddar on 04-01-2008 12:57 AM
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007

Re: Inquires On MYFICO; HARD or SOFT?

1 INQ should be zero points-
 
INQ's are 0 to 20 points (7 to 10 is more accurate for most of us) and IMO take the FULL points for a FULL year - they display for 2 years.
 
A good TL's and good payment history make it "Seem" like they fade but IMO - they don't
 
After a certain # of INQ's you stop getting dinged-

 

chuck_texas wrote:
Correct if I am wrong please.
 
1 inquire can drop you score 7-10 points the month that it is pulled and has less impact as time pass's over a one years time.
 
Thank you



Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007

Re: Inquires On MYFICO; HARD or SOFT?



Timothy wrote:
1 INQ should be zero points-
 
After a certain # of INQ's you stop getting dinged-
 


Just to back these statements up, I experienced both of the above firsthand.
 
I went from 0 to 1 INQ and lost 0 points.
 
I also went from 7 to 8 INQs and lost 0 points.
 
The cutoff is not the same for everyone, so YMMV.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Inquires On MYFICO; HARD or SOFT?

In case anyone else was a bit confused by the thread title, and for any new members here, pulling your own myFICO reports results in a soft.

Once I read the post, I understood what OP was after, but I didn't want any newbies to get tangled up. :smileywink:
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