topic Re: Question About Hard Inquiries in Credit Cards

Question About Hard Inquiries

vygotsky — Mon, 23 Jun 2014 23:58:12 GMT

How do hard inquiries age off your CR. I have 3 HIs on my EX all almost one year old. Have they been losing their negative effect gradually over the year, increasing my score slowly. Or at the one year mark wil my score jump due to their age.

Re: Question About Hard Inquiries

mongstradamus — Mon, 23 Jun 2014 23:59:53 GMT

@vygotsky wrote:
How do hard inquiries age off your CR. I have 3 HIs on my EX all almost one year old. Have they been losing their negative effect gradually over the year, increasing my score slowly. Or at the one year mark wil my score jump due to their age.

They are supposed to no longer effect fico scoring after an year. They will remain on your credit report for two years though.

Re: Question About Hard Inquiries

vygotsky — Tue, 24 Jun 2014 00:06:38 GMT

But how is my score being affected over the year? incresing slowly as the HIs lose effect or will i see a jump at the one year mark

Re: Question About Hard Inquiries

Anonymous — Tue, 24 Jun 2014 00:07:25 GMT

@vygotsky wrote:
How do hard inquiries age off your CR. I have 3 HIs on my EX all almost one year old. Have they been losing their negative effect gradually over the year, increasing my score slowly. Or at the one year mark wil my score jump due to their age.

The impact decreases during the year, but exactly how isn't publicized. All we know for sure is:

a) No score impact at all after 1 year

b) removed from report after 2 years.

Re: Question About Hard Inquiries

mongstradamus — Tue, 24 Jun 2014 00:08:03 GMT

@vygotsky wrote:
But how is my score being affected over the year? incresing slowly as the HIs lose effect or will i see a jump at the one year mark

That I don't know how much it affects,I think it has to do with your overall credit file

Re: Question About Hard Inquiries

juniornj23 — Tue, 24 Jun 2014 00:09:11 GMT

There are only hurt your for the first 12 moths especially the first 6 if you just wait they will fall off after 24 moths

But you can always call the creditor to see if they can deleted especially if you buying a house

Re: Question About Hard Inquiries

TRC_WA — Tue, 24 Jun 2014 00:11:16 GMT

I had a dozen auto inquiries hit 1 year old in April and my score didn't change at all.

Only a couple were actually coded as auto according to what I could see on my reports... I haven't pursued changing it because it makes little difference now. The next auto I buy will be pre approved by my CU... So this won't happen again.