topic Re: Inquiries? in Credit Cards

Inquiries?

Anonymous — Wed, 26 Mar 2008 19:17:41 GMT

Do they last 12 months or 24 months on youre credit report HARD POOLS? If they do not refelct on you're credit report can they still affect Fico score?

Re: Inquiries?

Anonymous — Wed, 26 Mar 2008 19:27:08 GMT

They stay on the report for 2 years but lose negative effects after 1 year.

Re: Inquiries?

Scamp — Wed, 26 Mar 2008 19:48:05 GMT

FretlessMayhem wrote:
They stay on the report for 2 years but lose negative effects after 1 year.

For what it's worth, I had 2 hard inqs from 03/07 disappear from my EX this month (03/08) - just pulled all 3 reports, noticed those were gone. Had a 15-point increase in score on EX as well, between Feb and March - figured it was partly those inq's falling off, maybe partly due to the 2 cards I got from those inqs hitting one-year anny and oldest card hitting 2-year.

And for some reason, ALL my inqs are on EX - no idea why, but partly because of that, EX is my lowest score. Others are about 15 points higher.

Re: Inquiries?

Anonymous — Sat, 13 Dec 2008 17:55:55 GMT

Scamp wrote:

FretlessMayhem wrote:
They stay on the report for 2 years but lose negative effects after 1 year.

For what it's worth, I had 2 hard inqs from 03/07 disappear from my EX this month (03/08) - just pulled all 3 reports, noticed those were gone. Had a 15-point increase in score on EX as well, between Feb and March - figured it was partly those inq's falling off, maybe partly due to the 2 cards I got from those inqs hitting one-year anny and oldest card hitting 2-year.
And for some reason, ALL my inqs are on EX - no idea why, but partly because of that, EX is my lowest score. Others are about 15 points higher.

If you are seeing this on a report from MyFICO, it doesn't mean those INQs are actually gone. MyFICO reports only show you INQs from the last year, because those reports only tend to show you items that directly affect your FICO score, which INQs stop doing after only one year.

If you pull a report from credit monitoring service or directly from the CRA, you will probably see that the INQs in question are still there, and will be for another year. They're just not hurting your score any longer.

Message Edited by Scamp on 12-13-2008 09:55 AM

Re: Inquiries?

Red1Blue — Wed, 26 Mar 2008 19:57:04 GMT

I have 46 hard inq's on my EX and I stopped counting after they crossed number 22.

Re: Inquiries?

Anonymous — Wed, 26 Mar 2008 19:57:28 GMT

DEFIANTLY

i wish if know that kind of info long time ago . i will be in a better position by now .

WISH ME LUCK .

FICO SCORE AS 03-15-08 EQ 620,EX 684,and TU ???

Re: Inquiries?

Anonymous — Wed, 26 Mar 2008 20:12:37 GMT

Well let me share my inq the ones does affect my fico score until next Oct-26-2008 : EXP 3,EQ 6,and TU 2 .

FICO SCORE AS 03-15-08 EQ 620,EX684,and TU ???

Message Edited by creditdream on 03-26-2008 01:12 PM

Re: Inquiries?

Anonymous — Wed, 26 Mar 2008 20:13:44 GMT

@Red1Blue wrote:
I have 46 hard inq's on my EX and I stopped counting after they crossed number 22.

I have about 38 inqs on EX myself. I'm telling you, with EX they should only count for half a normal inq from the other two CRAs!

Re: Inquiries?

happy0510 — Wed, 26 Mar 2008 20:29:27 GMT

Good to know...I have 4 hards....I want to accept one of my preapproved letter offers but i dont want anymore!!

Re: Inquiries?

Anonymous — Wed, 26 Mar 2008 21:07:32 GMT

sorry to be off topic, but I can't remember, do renting or work security/background clearance checks hurt your FICO score?

Re: Inquiries?

Anonymous — Wed, 26 Mar 2008 21:23:52 GMT

@pjriverap wrote:
sorry to be off topic, but I can't remember, do renting or work security/background clearance checks hurt your FICO score?

Hi there! I can tell you that my rental credit check inquiries are counting against my fico score. I have to say that I think it stinks because there is a distinct difference between applying for credit and finding a place to live!!

Also, in response to an earlier poster, I had inquiries for Feb 08 fall off my reports too. In my instance they look like de-dups. It was nice and gave my score a little boost. For the record, I checked my actual credit bureau reports and then when I saw some of the inq's gone, I got my fico score on one of them to double check. (yes, I'm that OCD about my reports) As for the OP, they stop counting in score after 12 months but show on reports for 24 months. I've had several fall off my scores in the last two months while still showing on the actual bureau reports themselves (along with others in the last two years).

Message Edited by BoysMumx2 on 03-26-2008 03:23 PM

Re: Inquiries?

orl2185 — Wed, 26 Mar 2008 23:20:27 GMT

concorduser wrote:
I have 46 hard inq's on my EX and I stopped counting after they crossed number 22.

I'm really upset bc I have 6 inqs on ex...wow 46 I will literally pass out....

Re: Inquiries?

Scamp — Sat, 13 Dec 2008 17:56:47 GMT

cheddar wrote:

Scamp wrote:

FretlessMayhem wrote:
They stay on the report for 2 years but lose negative effects after 1 year.

For what it's worth, I had 2 hard inqs from 03/07 disappear from my EX this month (03/08) - just pulled all 3 reports, noticed those were gone. Had a 15-point increase in score on EX as well, between Feb and March - figured it was partly those inq's falling off, maybe partly due to the 2 cards I got from those inqs hitting one-year anny and oldest card hitting 2-year.
And for some reason, ALL my inqs are on EX - no idea why, but partly because of that, EX is my lowest score. Others are about 15 points higher.

If you are seeing this on a report from MyFICO, it doesn't mean those INQs are actually gone. MyFICO reports only show you INQs from the last year, because those reports only tend to show you items that directly affect your FICO score, which INQs stop doing after only one year.
If you pull a report from credit monitoring service or directly from the CRA, you will probably see that the INQs in question are still there, and will be for another year. They're just not hurting your score any longer.

Thanks for clarifying that, Cheddar. Crikey - will I EVER learn it all?!?!

Newbies with baby credit histories like me can only stand in humbled awe before you old pros who do so much to help us get the hang of this. Can't say 'thanks' enough!!!

Message Edited by Scamp on 12-13-2008 09:56 AM

Re: Inquiries?

MidnightVoice — Wed, 26 Mar 2008 23:36:25 GMT

orl2185 wrote:

concorduser wrote:
I have 46 hard inq's on my EX and I stopped counting after they crossed number 22.

I'm really upset bc I have 6 inqs on ex...wow 46 I will literally pass out....

I have two on EX, one from Dec '07 and one from December '08. Amex's CS calculator says my score will go up about 15 points when they drop off.

And if you believe that, I have this bridge for sale.......

Re: Inquiries?

orl2185 — Wed, 26 Mar 2008 23:48:40 GMT

MidnightVoice wrote:

orl2185 wrote:

concorduser wrote:
I have 46 hard inq's on my EX and I stopped counting after they crossed number 22.

I'm really upset bc I have 6 inqs on ex...wow 46 I will literally pass out....

I have two on EX, one from Dec '07 and one from December '08. Amex's CS calculator says my score will go up about 15 points when they drop off.

And if you believe that, I have this bridge for sale.......

Lmao....my dw is in tears

Re: Inquiries?

Anonymous — Sat, 13 Dec 2008 17:57:19 GMT

Scamp wrote:
Thanks for clarifying that, Cheddar. Crikey - will I EVER learn it all?!?!
Newbies with baby credit histories like me can only stand in humbled awe before you old pros who do so much to help us get the hang of this. Can't say 'thanks' enough!!!

Happy to help! But who you callin' old?

Message Edited by Scamp on 12-13-2008 09:57 AM

Re: Inquiries?

Scamp — Sat, 13 Dec 2008 17:57:43 GMT

cheddar wrote:

Scamp wrote:
Thanks for clarifying that, Cheddar. Crikey - will I EVER learn it all?!?!
Newbies with baby credit histories like me can only stand in humbled awe before you old pros who do so much to help us get the hang of this. Can't say 'thanks' enough!!!

Happy to help! But who you callin' old?

Your (presumably) old credit history (or at least old compared to mine, which just barely started again 2 years ago after ignorance and foolishness of youth), of course!!:smileywink

Message Edited by Scamp on 12-13-2008 09:57 AM

Re: Inquiries?

Anonymous — Sat, 13 Dec 2008 17:58:14 GMT

Scamp wrote:

cheddar wrote:

Scamp wrote:
Thanks for clarifying that, Cheddar. Crikey - will I EVER learn it all?!?!
Newbies with baby credit histories like me can only stand in humbled awe before you old pros who do so much to help us get the hang of this. Can't say 'thanks' enough!!!

Happy to help! But who you callin' old?

Your (presumably) old credit history (or at least old compared to mine, which just barely started again 2 years ago after ignorance and foolishness of youth), of course!!:smileywink

Pssst...wanna see something from my TU report?

You have a short credit history.

Your oldest account was opened 6 Years, 9 Months ago
FICO High Achievers opened their oldest account 19 years ago, on average.
Average age of your accounts 1 year
Most FICO High Achievers have an average age of accounts between 6 and 12 years.

Message Edited by Scamp on 12-13-2008 09:58 AM

Re: Inquiries?

Anonymous — Fri, 28 Mar 2008 02:26:24 GMT

cheddar - your's looks like mine! credit age kills me!

Message Edited by pjriverap on 03-27-2008 07:26 PM

Re: Inquiries?

Anonymous — Fri, 28 Mar 2008 02:36:19 GMT

cheddar wrote:
Pssst...wanna see something from my TU report?

You have a short credit history.
Your oldest account was opened
6 Years, 9 Months agoFICO High Achievers opened their oldest account 19 years ago, on average. Average age of your accounts
1 yearMost FICO High Achievers have an average age of accounts between 6 and 12 years.

Wow! At least I beat the Cheese at something! (Even tho my EQ is holding at 674 and this was w/o the 15y/o 25k BofA AU)

You have a short credit history.

Your oldest account was opened
17 Years, 7 Months ago

FICO High Achievers opened their oldest account 19 years ago, on average.

Average age of your accounts
4 years

Most FICO High Achievers have an average age of accounts between 6 and 12 years.

ETA: should have been EQ not EX

Message Edited by WhirledPeasPlease on 03-27-2008 10:36 PM