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Inquiries aging off

Regular Contributor

Inquiries aging off

This is probably a super simple, straightforward question, but I feel like it could go one way or another, so am going to throw it out there:

 

If I had a few inquiries at the beginning of April 2012, should I see any potential effects on my score as a result of them aging off in April 2013 or May 2013?


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


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Message 1 of 9
8 REPLIES
Established Contributor

Re: Inquiries aging off

You will. but inquiries have relatively small impact on your score. Don't expect a huge jump.

My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)
Message 2 of 9
Regular Contributor

Re: Inquiries aging off

Thanks.  Do you know whether I'm likely to see them in April or May?


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


Take the FICO Fitness Challenge






Message 3 of 9
Valued Contributor

Re: Inquiries aging off


lolabelle wrote:

Thanks.  Do you know whether I'm likely to see them in April or May?


You'll probably see the bumps (if any) at the one-year anniversary of each separate inquiry.

 

Message 4 of 9
Epic Contributor

Re: Inquiries aging off


lolabelle wrote:

This is probably a super simple, straightforward question, but I feel like it could go one way or another, so am going to throw it out there:

 

If I had a few inquiries at the beginning of April 2012, should I see any potential effects on my score as a result of them aging off in April 2013 or May 2013?


SP do not impact your score at all so them aging off won't matter.

 

HP impact your score for one year but age off in 2.

Message 5 of 9
Valued Contributor

Re: Inquiries aging off

I had a couple inquiries age past the one year mark recently and my scores didn't move. Around the 6 month mark I did get a couple points. Definitely varies based on how each individuals profile looks like.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 6 of 9
Frequent Contributor

Re: Inquiries aging off

I just had 4 hard inquiries age to 1 year on my TU report.  Score bump of 9 points.


Starting Score: 521 TU, 597 EQ, 574 EX on 6/20/2011
Current Score: 753 TU, 764 EQ, 766 EX on 02/17/2014
Goal Score: 720-740 Across the board


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Message 7 of 9
Established Contributor

Re: Inquiries aging off

An just to add to personal experience of what the INQs do, albeit depending on personal history, my report dropped 2 points for 2 INQs. 


TU713, EQ 731 , EX 726 (As of 12/13/14) - Personal Goal = 760

“Beware of little expenses. A small leak will sink a great ship” – Benjamin Franklin

Gardening since 3-26-15































Message 8 of 9
Highlighted
Established Contributor

Re: Inquiries aging off

i haven't really seen the 6 months score bump for inquiries. Any bumps i got around 6 months always happen when an account hits 6 months-right at the start of the month, but never 6 months from the inquiry date. However i have seen my score change a few times right around when an inquiry hits a year and nothing else is updated recently.

EQ-736(08/14) TU-752(09/14)
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Message 9 of 9