topic Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry? in General Credit Topics

Hard Inquiry > Got the Credit > Remove Hard Inquiry?

Anonymous — Mon, 09 Nov 2015 02:34:12 GMT

True or False: If a Hard-Inquiry becomes a loan... Does the associated Hard-Inquiry get removed?

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

Anonymous — Mon, 09 Nov 2015 03:08:45 GMT

Like a car loan?

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

creditgambler2018 — Mon, 09 Nov 2015 03:29:15 GMT

True. Yes it will get removed after 2 years regardless if it becomes a loan or not.

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

takeshi74 — Mon, 09 Nov 2015 13:12:19 GMT

@Anonymous wrote:
True or False: If a Hard-Inquiry becomes a loan... Does the associated Hard-Inquiry get removed?

False. Hard inquiries will fall off after 2 years but that is regardless of approval.

When you shop for credit, inquiries remain on your credit report for two years, although FICO® Scores only consider inquiries from the last 12 months.

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

RobertEG — Mon, 09 Nov 2015 20:03:34 GMT

False. Deletion has nothng to do with wiehter any credit is approved.

An inquiry makes of record the fact that someonw had permissible purpose and accessed your credit report.

The ultimate approval or disapproval of credit is irrelevant to that posting.

As a side matter, FICO discontinues scoring of inquiries after one year, and the CRAs choose to arbitrarily delete after approx two years.

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

creditgambler2018 — Wed, 11 Nov 2015 06:11:10 GMT

The answer is not FALSE. IT IS TRUE, IT WILL GET REMOVED AFTER 2 YEARS NO MATTER IF LOAN GETS APPROVED OR NOT.

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

RobertEG — Wed, 11 Nov 2015 20:51:29 GMT

To be clear, it is true that it will be removed after 2 years, but false that it will be removed earlier based on any grant of the credit.

Re: Hard Inquiry > Got the Credit > Remove Hard Inquiry?

Anonymous — Thu, 12 Nov 2015 04:04:37 GMT

Understood.