topic Re: will credit score increase? in Understanding FICO® Scoring

will credit score increase?

Anonymous — Wed, 03 Sep 2008 19:00:31 GMT

Just a quickie,

I have 2 inquiries that will drop of later this month and next, leaving 2 inquiries with no new inquiries in the last year. Will this affect my score positively or does it not make a difference?

Re: will credit score increase?

Anonymous — Wed, 03 Sep 2008 19:51:52 GMT

My guess is no change will occur due to 2 inquiries dropping off. 4 inquiries is not a lot.

Re: will credit score increase?

marty56 — Wed, 03 Sep 2008 22:26:41 GMT

I also agree with Cobra, Your CR will look better under MR though.

Re: will credit score increase?

haulingthescoreup — Wed, 03 Sep 2008 22:30:14 GMT

Don't forget that inqs only hurt you on the CRA they appear on. So 2 inqs on EQ don't affect TU and EX, and so forth. Also, you said 2 would "fall off." If they're due to fall off because they're nearly 2 years old, they stopped counting for scoring after one year. If they're moving past one year old, they will still display on your full reports, but they won't affect scoring.

Re: will credit score increase?

Junejer — Thu, 04 Sep 2008 02:21:19 GMT

What HTSU said. Inqs only hurt scores for one year.

Re: will credit score increase?

Anonymous — Thu, 04 Sep 2008 20:27:33 GMT

They hurt FICO only for one year, but they still can influence CCCs in making their decisions. Say, 50 inquiries that are >12 month can still be a reason for rejecting a CC application.

Message Edited by Physicist on 09-04-2008 03:27 PM