Re: Outside the two year window
11-03-2012 01:43 PM
The "two year window" for continued inclusion in credit reports is not regulated by the FCRA, and is purely an administrative decision by the CRAs, which they can choose to exclude earlier than two years, or even extend beyond that point. It's primarily based on their need to purge their databases of mounds and mounds of information that has become of little value to their customers.
Similarly, the "one year window" for use of inquires in scoring is purely a business decision of FICO, based on their determination that they lose risk-predictive value after that point. I would suppose that most creditors take a similar view when reviewing a consumer file. While inquiries beyond one year may still be included in reports they receive, I suspect they are generally given little weight in their decision-maling.