topic Re: MY final Inquiry becomesa year old Sept 13 in Understanding FICO® Scoring

MY final Inquiry becomesa year old Sept 13

Anonymous — Mon, 13 Sep 2010 01:11:23 GMT

Any predictions as to what that might do to my EQ or TU FICO? Ao today my EQ is at 813 where it has been for a long time. My TU bounces up and down usually between 770 and 789. It was at 788 earlier in the week but somehow fell to 769 today.

I know the question is unfair but I thought it might be amusing to guess.

Re: MY final Inquiry becomesa year old Sept 13

Anonymous — Mon, 13 Sep 2010 02:26:49 GMT

Um don't know how you get such up to date accuracy on the TU. Last time I checkec TU didn't offer a scorewatch.

Re: MY final Inquiry becomesa year old Sept 13

haulingthescoreup — Mon, 13 Sep 2010 05:57:13 GMT

@Anonymous wrote:
Any predictions as to what that might do to my EQ or TU FICO? Ao today my EQ is at 813 where it has been for a long time. My TU bounces up and down usually between 770 and 789. It was at 788 earlier in the week but somehow fell to 769 today.

I know the question is unfair but I thought it might be amusing to guess.

I'd say a couple of points, max. Inquiries are way overrated in terms of the damage that they do to scores, in most cases.

If you had a new account that resulted from the inquiry, you might get a few more points.

The wild card is that you have high scores. If you have no negatives, such as lates, and the inqs were your only negatives, you might get a bigger bump.

Re: MY final Inquiry becomesa year old Sept 13

Anonymous — Mon, 13 Sep 2010 12:39:32 GMT

I get "Data accuracy" by checking it periodically.

Re: MY final Inquiry becomesa year old Sept 13

Anonymous — Mon, 13 Sep 2010 12:48:50 GMT

FWIW I inttend to check later today and will report back. I do not nortmally check anywhere near this often but I was curious about the effect of the inquiry. I also just can't figure out the transunion pattern. I doubt that today's pull will help with that but my curiosity is piqued.

Re: MY final Inquiry becomesa year old Sept 13

llecs — Mon, 13 Sep 2010 13:13:18 GMT

IMO, 0 points, though I will be optimistic in saying that based on your high FICO scores, anything can happen. I just glanced over this thread, but is there a TL reporting associated with that inquiry? If so, I bet you'd score some points if that hits a year old.

Re: My final Inquiry becomes a year old Sept 13

Anonymous — Mon, 13 Sep 2010 13:44:47 GMT

Thee isa HELOC associated with the inquiry. Not sure how this would work. The inquiry occurred on Sept 13 but the account became active more than a month later.

Re: My final Inquiry becomes a year old Sept 13

llecs — Mon, 13 Sep 2010 13:58:28 GMT

If you haven't received an unexplained bump in score by now, then I would guess you'd see one by next month. Likely, you'd see it on 10/1.

As Hauling mentioned, inquiry damage is overrated. But new accounts turning a year old when all others are older is a big deal, IMO.

The difference in time could have been due to underwriting delays between the pull and the account opening.

Re: My final Inquiry becomes a year old Sept 13

Anonymous — Mon, 13 Sep 2010 18:41:55 GMT

Well it seems safe to conclude I got no boost today. I will look again just after the anniversary date of the account.

Re: My final Inquiry becomes a year old Sept 13

Anonymous — Fri, 22 Oct 2010 17:38:46 GMT

Not t hat you have all been on the edge of your seats on this one but while waiting for the anniversary date to roill around I was hit by a large home repair bill. The ipshot is that any boost I would have received got lost in the decrease caused by that bill.

Perhaps in another month or so when that bill is paid and reported I will see what the story is. It just would have been nice to report back on how that one event affected things.