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Regular Contributor
Posts: 105
Registered: ‎03-24-2012
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Inquiries & Scorewatch

Would new inquiries signal an alert? I ask this because I've recently applied for a few things and have not received an alert. I would assume that those inquiries would possibly lower my fico.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: Inquiries & Scorewatch

Inquiries do trigger SW alerts, if and only if, the app resulted in EQ being pulled. Some creditors pull EQ, some TU and some EX, and oddballs like Capital One like to pull all 3.

 

An inquiry doesn't alert result in a score drop. Probably 80%+ of mine never impacted my FICO. I used to pull the day before the app and the day after to measure the change and found that most of mine never had any impact.

 

 

Regular Contributor
Posts: 105
Registered: ‎03-24-2012
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Re: Inquiries & Scorewatch


llecs wrote:

Inquiries do trigger SW alerts, if and only if, the app resulted in EQ being pulled. Some creditors pull EQ, some TU and some EX, and oddballs like Capital One like to pull all 3.

 

An inquiry doesn't alert result in a score drop. Probably 80%+ of mine never impacted my FICO. I used to pull the day before the app and the day after to measure the change and found that most of mine never had any impact.

 

 


Thank you for for your response. I really hope the inquiries does not impact my score. My fico is low enough. I was suppose to be gardening not having the app itchSmiley LOL

Senior Contributor
Posts: 4,196
Registered: ‎03-24-2008
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Re: Inquiries & Scorewatch

Inquiries report for 2 years. If it's going to hurt your score, it will only hurt for 1 year.

IME, an inquiry would ding my score by 2 points.

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Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: Inquiries & Scorewatch

An inquiry typically drops my score by about 5 points.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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