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Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

does scorewatch count inquires in updates?

my score has been floating around 640's-660's cause of balances from shopping in the holiday season. 

 

i had a few inquries age past a year in jan/feb on eq. 

my last update on the 13th was 655 and i pulled my eq from here and i was 682 

 

i did pay down about 2k in balances and lowered from 20% to about 12% (going even lower next month) 

i dont plan on applying for ANYTHING so this is just out curiousty? 

possible that scorewatch doesnt count inquries aging until a physical report pulled? 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: does scorewatch count inquires in updates?


creditnocash wrote:

my score has been floating around 640's-660's cause of balances from shopping in the holiday season. 

 

i had a few inquries age past a year in jan/feb on eq. 

my last update on the 13th was 655 and i pulled my eq from here and i was 682 

 

i did pay down about 2k in balances and lowered from 20% to about 12% (going even lower next month) 

i dont plan on applying for ANYTHING so this is just out curiousty? 

possible that scorewatch doesnt count inquries aging until a physical report pulled? 


They count up to 12 months. Not every inquiry will impact your FICO. The damage also fades assuming there was a hit. Remember, the recentness of your new factors in that category too. If you had a bump consider the new TL aging at 12 months (I've had a few bumps at that). If no new TLs in the past year, then consider the aging of the accounts as a positive impact on FICO too. 20% to 12% could have resultd in that too.

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

Re: does scorewatch count inquires in updates?


llecs wrote:

creditnocash wrote:

my score has been floating around 640's-660's cause of balances from shopping in the holiday season. 

 

i had a few inquries age past a year in jan/feb on eq. 

my last update on the 13th was 655 and i pulled my eq from here and i was 682 

 

i did pay down about 2k in balances and lowered from 20% to about 12% (going even lower next month) 

i dont plan on applying for ANYTHING so this is just out curiousty? 

possible that scorewatch doesnt count inquries aging until a physical report pulled? 


They count up to 12 months. Not every inquiry will impact your FICO. The damage also fades assuming there was a hit. Remember, the recentness of your new factors in that category too. If you had a bump consider the new TL aging at 12 months (I've had a few bumps at that). If no new TLs in the past year, then consider the aging of the accounts as a positive impact on FICO too. 20% to 12% could have resultd in that too.


scorewatch didnt report it yet though. it said i had no new alerts, so usually that means next day id be getting an alert. all the inqs that aged over a year i didnt get any accounts from (all denied)   

according to the math current util is 11% on that report, not including amex charge, and my car loan. 

 

my question was though say nothing changed besides an inq aged? your score "should" go up. would scorewatch have an alert for that or would you just have to wait for something else? 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: does scorewatch count inquires in updates?


creditnocash wrote:

my question was though say nothing changed besides an inq aged? your score "should" go up. would scorewatch have an alert for that or would you just have to wait for something else? 


I think you're making an assumption though that an inquiry hitting 12 months would result in a FICO increase. TLs hitting 12 months aside, I don't think any of my inquiries hitting 12 months resulted in an increase. Not saying it's impossible though. If you became 100% inquiry-free with no new TLs reporting in the past year then you could possibly see an increase. Some have posted that anyway. Just like a TL dropping, or a baddie dropping, if your EQ FICO increased due to a dropped inquiry, and if your new FICO hit or exceeded the target, then you'd get an alert when your score is monitored next (within 7-10 days). 

 

 


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