old inquiry removed score change?????

[Anonymous]

Just called experian and requested removal of an inquiry (comenity 12/2/2012). Told that it would be removed in 24-72 hours. Will i see any increase??? I have 9 other inquiries btw 2013 and 2014. Please help!! Mortgage lo says i need 1 point!! Thanks!!

[AzaleaB]

Unfortunately, this may not help you. Inquiries are only factored into your score if they are less than a year old. Is there anything you can do about your credit utilization to up your score?

[Anonymous]

I have 6 cc accounts. 4 have 0 bal. Vs has 100 balance, paid down to $10.00 bal on 12/3. New bal should report on mon or tues. The 6th avct is macys opened on 11/29 with 600 cl. Not sure what my scores will do.... what do you think????

[AzaleaB]

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@Anonymous wrote:
I have 6 cc accounts. 4 have 0 bal. Vs has 100 balance, paid down to $10.00 bal on 12/3. New bal should report on mon or tues. The 6th avct is macys opened on 11/29 with 600 cl. Not sure what my scores will do.... what do you think????

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It looks like your CU is pretty low already. What was it before and what will be it be when the VS reports? What's the limit on the VS? You need a significant decrease to get a score increase.

[Anonymous]

Cap one $0 bal $300 cl
First Premier $0 bal $375 cl
Fingerhut $0 bal $500 cl
onestopplus $0 bal $250 cl
Vs $100 bal $250 cl
Macys $63 bal $600 cl (just approved 11/29 not yet reporting )

[fittiger]

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@Anonymous wrote:
Cap one $0 bal $300 cl
First Premier $0 bal $375 cl
Fingerhut $0 bal $500 cl
onestopplus $0 bal $250 cl
Vs $100 bal $250 cl
Macys $63 bal $600 cl (just approved 11/29 not yet reporting )

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Unfortunately, your score may drop once the new Macy's account posts.  Brand new reporting accounts tend to drop your scores temporarily.  Usually you shouldn't open any new accounts for several months prior to applying for a mortgage.  It drops your score and it makes underwriting skittish.

[Lemmus]

...the VS bal @ $100 is well above the3-9% account utilization optimum on a $250 CL ...when the $10 bal change reports you should see a score increase but it could be small because your CLs are small ...hth

[Anonymous]

Thanks for the input!! FYI - macy's account has only reporterd to experian (w/ 50 bal).  VS balance decrease to $10 has reported to all bureaus.  No score changes with myFico.com...

[Anonymous]

Keep in mind that the scores here on myfico are not the ones that your lender  would  use. So you may have gained one point. You will have to have your lemder do a rapid rescore.

[elbori357]

Hard to say. I think that the last CC will hurt you more than help you. Hope I am not right.

Good luck