@Anonymous wrote:
My understanding, based on what FICO says is that inquiries of my existing creditors do not impact my score, even if it is a hard pull.
I think that the inqs by existing creditors you're referring to are the so-called -AR prefix inqs, account review, where they go in and mosey around to decide if they're going to lower your CL, or triple your APR. This is from the "what's not in your score" under credit education:
Certain types of inquiries (requests for your credit report).
The score does not count “consumer-initiated” inquiries – requests you have made for your credit report, in order to check it. It also does not count “promotional inquiries” – requests made by lenders in order to make you a “pre-approved” credit offer – or “administrative inquiries” – requests made by lenders to review your account with them. Requests that are marked as coming from employers are not counted either.
I've never seen anything where FICO says that hard inqs by existing creditors don't count, but then, every time I go on this site, I stumble across another tab I had never seen before. FWIW, I had a pre-approved offer of a HELOC from an existing creditor (2 CC's, checking, Roth IRA), and they did a hard. But I've also seen plenty of softs on my EQ where they've just been checking up on things.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007