topic Re: Since when does inq help? in Rebuilding Your Credit

Since when does inq help?

Shellie — Tue, 03 Jun 2014 15:09:25 GMT

I applied for Discover yesterday and was denied. I got an alert just now and my score rose from 621 to 636 and all that is sited is the new inquiry that was added. Any ideas?

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 16:31:19 GMT

Anyone?

Re: Since when does inq help?

Shogun — Tue, 03 Jun 2014 16:33:26 GMT

@Shellie wrote:
Anyone?

Most likely it coincided with monthly aging of AAoA.

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 17:02:14 GMT

I've never gotten a 15pt boost for AAoA before so that never crossed my mind.

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 17:37:00 GMT

Any INQ's fall off?

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 17:47:02 GMT

Not sure. I think one or two may have been set to fall. I'll have to check.

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 17:51:18 GMT

@Shellie wrote:
Not sure. I think one or two may have been set to fall. I'll have to check.

I'm under the same belief as Shogun that things happened at the same time .....crossed paths

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 17:52:30 GMT

I'm looking at a TU report I rulled today and it shows 9 INQ's but some of them had multiple pulls. Like SYNCB(no clue who this is) shows 10/2013, 03/2014 and 05/2014. Does that count as 3?

I still have 5 that were un authorized from a dealer that I can't get removed. They have a year left.

Only 2 set o fall off later this year. Again this is only TU.

Re: Since when does inq help?

gdale6 — Tue, 03 Jun 2014 17:54:43 GMT

@Shellie wrote:
I applied for Discover yesterday and was denied. I got an alert just now and my score rose from 621 to 636 and all that is sited is the new inquiry that was added. Any ideas?

Yup, i have seen this previously it usually happens when one has 0 inquiries on report and apps for some new credit, the first inquiry can boost score and I assume it happens by way of the new credit category.

Re: Since when does inq help?

Shogun — Tue, 03 Jun 2014 17:55:08 GMT

@Shellie wrote:
I'm looking at a TU report I rulled today and it shows 9 INQ's but some of them had multiple pulls. Like SYNCB(no clue who this is)New name for GE Capital shows 10/2013, 03/2014 and 05/2014. Does that count as 3?

I still have 5 that were un authorized from a dealer that I can't get removed. They have a year left.

Only 2 set o fall off later this year. Again this is only TU.

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 18:03:59 GMT

@Shellie wrote:
I'm looking at a TU report I rulled today and it shows 9 INQ's but some of them had multiple pulls. Like SYNCB(no clue who this is) shows 10/2013, 03/2014 and 05/2014. Does that count as 3?

I still have 5 that were un authorized from a dealer that I can't get removed. They have a year left.

Only 2 set o fall off later this year. Again this is only TU.

Any of the 9 INQ's over a year thus having no scoring effect?

Edit and who was the score update from?

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 18:09:10 GMT

It was here on myFICO. EX? I think. I don't pay for the others here because I get TU free from Wal-Mart.

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 18:13:44 GMT

@Shellie wrote:
It was here on myFICO. EX? I think. I don't pay for the others here because I get TU free from Wal-Mart.

So the alert was from who SW and what score went up?

You have me lost because Discover usually pulls EQ and sometimes TU

And did you recon the denial?

Shellie I'm gone hang you if you tell me no Lol

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 18:18:39 GMT

Well I've pulled TU and EQ and I can't find that ONLINE collections that'd I'd been fighting for the past 8 months. I don't want to get my hopes up that they actually removed the stinking thing tho.

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 18:23:50 GMT

Yes my update came from SW. I just double checked and it is the EQ score we get here on myFICO with the SW subscription.

I'm pretty sure Discover told me they pulled EX when I talked to them yesterday.

Yes, I recon'd, twice. They said they denied me because of the tax lien and I told them I had the documents showing that it was paid and released and they said it didn't matter.

The alert I got this morning had the INQ from Discover sited.

Hope that covers everything!

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 18:26:33 GMT

@Shellie wrote:
Well I've pulled TU and EQ and I can't find that ONLINE collections that'd I'd been fighting for the past 8 months. I don't want to get my hopes up that they actually removed the stinking thing tho.

Awwh ha fingers crossed

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 18:26:17 GMT

@Shellie wrote:
Yes my update came from SW. I just double checked and it is the EQ score we get here on myFICO with the SW subscription.

I'm pretty sure Discover told me they pulled EX when I talked to them yesterday.

Yes, I recon'd, twice. They said they denied me because of the tax lien and I told them I had the documents showing that it was paid and released and they said it didn't matter.

The alert I got this morning had the INQ from Discover sited.

Hope that covers everything!

Ok I'll let you off the hook for recon

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 18:29:01 GMT

Ok, I have pulled all three and the new collection that hit me from ONLINE Collections back in Nov appears to be gone from all three reports. Previously I had been getting an alert around the 25th of every month where they were updating and making it look like a new collection had been added. I am pretty confident that is were the 15 pts came from. I lost 24 when they hit me back in Nov. I now have 2 unpaid medicals and a paid tax lien and a paid medical reporting.

Re: Since when does inq help?

Shellie — Tue, 03 Jun 2014 18:29:54 GMT

I tried!! I really did. It seems really unfair that the paid tax lien is going to continue to hold me down for an additional 7 years.

Re: Since when does inq help?

myjourney — Tue, 03 Jun 2014 18:35:36 GMT

@Shellie wrote:
I tried!! I really did. It seems really unfair that the paid tax lien is going to continue to hold me down for an additional 7 years.

Do me a personal favor

Try one more time and if they say denied

Try this but this is the only card I want and would really like to start a relationship with Discover and would be willing to start with a low limit just to prove myself to Discover

Good luck