topic Re: Hard inquiries in General Credit Topics

Hard inquiries

Anonymous — Fri, 04 Aug 2017 02:01:29 GMT

How many points are hard inquiries worth?

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 02:18:11 GMT

I had one drop off a few days ago and it raised my EQ score 4 pts.

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Start Date - July 4th, 2017 | TU=631 ; EX=641; EQ=619

Current - Aug. 3, 2017 | TU=631; EX=671; EQ=623

GOAL - Dec 31, 2017 | TU=701; EX=725; EQ=701

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 02:17:58 GMT

Nice you think it's 4 points each one ?

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 02:18:05 GMT

Att dropped off I got 2 points back

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 02:19:42 GMT

Interesting! 2pts - 4pts.. Perhaps the TYPE/Entity of inquery weighs heavier?

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Start Date - July 4th, 2017 | TU=631 ; EX=641; EQ=619

Current - Aug. 3, 2017 | TU=631; EX=671; EQ=623

GOAL - Dec 31, 2017 | TU=701; EX=725; EQ=701

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 04:06:28 GMT

anything a person can do to remove these hard inquires?

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 04:41:06 GMT

I've been reading about the early exclusion where you call tu or ex and if they are 3-6 close to falling off they will take them off the immediately

Re: Hard inquiries

Anonymous — Fri, 04 Aug 2017 13:23:05 GMT

6-10. But it's only a month

Re: Hard inquiries

rmduhon — Fri, 04 Aug 2017 14:37:17 GMT

After 1 year inquiries won't affect your scores, but they will show on a report for 2 years.

Re: Hard inquiries

fishbjc — Fri, 04 Aug 2017 17:44:29 GMT

YMMV, it's different for each file. Could be 0 points, could be 1, could be 4.

Re: Hard inquiries

Anonymous — Mon, 07 Aug 2017 11:13:19 GMT

I had one drop off and nothing changed.

Re: Hard inquiries

Anonymous — Mon, 07 Aug 2017 12:28:27 GMT

Unless you were making a LOT of apps in a very short timespan, I wouldn't worry too much as a general rule about hard inquiries. As @Irish80 likes to say, people worry too much about those things; a modest number of hard inquiries is pretty much the inevitable consequence of applying for credit, and the negative effect on your score will drop off after 12 months even though they'll still appear as items on the report for a total of 24 months. I think average age of accounts is more consequential; I got 4 credit cards between May 20 and July 1 and that definitely hurt my AAoA.