topic Re: Inq's@1yr. Mark in Understanding FICO® Scoring

Inq's@1yr. Mark

anderl — Thu, 03 May 2012 06:53:18 GMT

I have 5 inq's in total on EQ and 4 of them will approach the 1yr. mark this month. Could I expect a minimal score boost. Sitting @745 at the moment. Thanks

Re: Inq's@1yr. Mark

h4ldol — Thu, 03 May 2012 07:04:10 GMT

After 1 year the hard pulls will no longer bring down your score so you should expect some sort of boost to your score, especially since you had five of them. Let us know how much it is!

Re: Inq's@1yr. Mark

Anonymous — Thu, 03 May 2012 10:15:53 GMT

going from 2 to 1 my EQ FICO score went from 736>743. So you should expect quit a nice boost.

Re: Inq's@1yr. Mark

Anonymous — Thu, 03 May 2012 10:36:43 GMT

I would also be curious what the increase would be looking forward to the follow up. I would think it would at least be a few points for each so I'm thinking at least a 10 point increase maybe even more!

Re: Inq's@1yr. Mark

Anonymous — Thu, 03 May 2012 11:02:50 GMT

I sort of forget about those because Ex has 4 from last year but 2 of them hit 1 year in July. Even though they're not factored in, I wonder if any change will happen next week when 1 of the 2 on TU fall off.

To OP, something good should happen when they fall off. Those new accounts will hit 1 year simultaneously so it might not be possible to really know how the inquiries aging to a year affected your score. Please let us know, though. It will be interesting!

Re: Inq's@1yr. Mark

anderl — Tue, 08 May 2012 07:43:28 GMT

So far 3 inq's are off and I got a 10pt boost. One inquiry to go.lol

Re: Inq's@1yr. Mark

Anonymous — Tue, 08 May 2012 11:13:05 GMT

One finally aged off TU. TransRisk and Plus scores went up 5 points. Vantage increased by 1. Those scores bear no relation to FICO. I haven't seen TU FICO score since January so there's no way to know if inquiries are still factored after two years, like everyone says.

Re: Inq's@1yr. Mark

llecs — Tue, 08 May 2012 12:15:19 GMT

OP, were there any new accounts tied in with any of those inquiries? If so, both the inquiries would age at one year and the TL would turn one-year at the same time. You could be seeing a bump off of that.

Re: Inq's@1yr. Mark

Revelate — Tue, 08 May 2012 14:28:10 GMT

@llecs wrote:
OP, were there any new accounts tied in with any of those inquiries? If so, both the inquiries would age at one year and the TL would turn one-year at the same time. You could be seeing a bump off of that.

Not sure how to thought experiment it: maybe someone (or me in a year or two) can do a spree of CLI applications on cards known to HP (Chase / BOFA / et al) when the tradelines are more than a year old to try to seperate out the almost certain tradeline seasoning boundary from the actual inquiry falling off. It'd probably be ideal if all those tradelines were 3+ years old to really lock it down as there is probably a second boundary around the 2-3 year marks as far as tradeline quality goes.

Re: Inq's@1yr. Mark

crunching_numbers — Sun, 13 May 2012 20:56:09 GMT

Probably the best way to see is to compare TU and EQ when the inq is only on one of the two. Botrh will show the TL hitting 1 year, but only one will have an inq to fall off. The difference between the two is from the inq. The same person would need to see the process in reverse the following year with the alternate CRA. Still, other factors and different formulas would make this not such an exact experiment.