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Established Contributor
Posts: 599
Registered: ‎03-10-2012
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Inquiry Impact Inquiry

got a score alert today-my score rose from 702(from earlier this month) to 718. only thing that changed, besides some cards that were already reporting a zero balance reporting another month of zero balance, is an inquiry went over 12 months...taking me from 4 to 3 in the last 12 months. The last time i noticed such a big change with only the amount of inquries different is back in august, i went from 8 to 10(some new apps) down to 9 when one hit its 1 year birthday. that was over a course of 9 days, score when 695 to 682, back to 695 when i went back under 10.

 

Have other people noticed other "break points?"

 

also a lot of people cite the lessend impact after 6 months from inquiries-i don't know how much i believe that-score rebounds seem more tied to accounts aging past 6 months(like a card opened december 20th turns 6 months on june 1st) instead of it happening 6 months from the date of inquiry.

 

Have  people actually seen the score rebound right around the exact 6 months mark, or at the beginning of months? I know there was a quote from a FICO guy saying the 6 months thing is a myth...but of course they have incentive to not let the consumer know too much about the formulas..but some people swear by it so i dunno

EQ-736(08/14) TU-752(09/14)
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Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Member
Posts: 62
Registered: ‎01-11-2013
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Re: Inquiry Impact Inquiry

Only bit of evidence I have to go on is this:

 

My last HP on my EQ report was June 2011, from Sprint/Nextel.  (No new account open, just switched cell phone providers)

 

12/14/12: $899 balances reported on two old credit lines.  FICO drops to 627

12/16/12: $7,344 balance on TL goes to $0.  FICO is unchanged at 627

01/01/13: No change in report.  FICO bumps to 640 (This is where that HP would hit its 6 month window, I believe.)

01/14/13: $200 balance increase reported on a card.  FICO unchanged at 640

02/25/13: $1,000 balance increase reported on a card.  FICO goes UP to 643

 

Take from this what you will.... 

Starting Score: 01/12/2013 EQ 683
Current Score (myFico): 5/8/13 TU 734, EQ 738 05/04/13 EX 722
Last App 05/3/2013 - Off to garden for the rest of the year!

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