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Inquiries Older Than 12 Months?

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Valued Contributor

Inquiries Older Than 12 Months?

I have 6-8 inquiries on each of the 3 CRAs and most of them are older than 12 months.  When apping for credit cards, do lenders take into consideration Inquiries listed on credit profiles that are older than 12 months?

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - $114K+ | Rebuilding since April 2018
Message 1 of 11
10 REPLIES 10
Established Contributor

Re: Inquiries Older Than 12 Months?


@Marz2002 wrote:

I have 6-8 inquiries on each of the 3 CRAs and most of them are older than 12 months.  When apping for credit cards, do lenders take into consideration Inquiries listed on credit profiles that are older than 12 months?


Your FICO score is no longer impacted by inquiries after 12 months, but the inquiries remain on your reports for another year.  Credit decisions are usually not made soley on the basis of your score.  Your total number of inquires can be considered but it is not usually a major detriment unless very high.  At 6-8 and most older than a year I don't think you will find it to be a factor in credit decisions.

Message 2 of 11
Valued Contributor

Re: Inquiries Older Than 12 Months?

Thanks for the information!  I was hoping that Inquiries older than 12 months wouldn't factor in credit card app UW.

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - $114K+ | Rebuilding since April 2018
Message 3 of 11
Moderator

Re: Inquiries Older Than 12 Months?

It really depends on the lender and your overall profile OP. The more conservative the lender, the more scrutiny. Especially upon manual review.
Message 4 of 11
Community Leader
Mega Contributor

Re: Inquiries Older Than 12 Months?

My average penny is the thicker your profile the less affect. The thinner your profile, a UW might see 6 -8 as alot , one never knows. What usually helps in those instances might be other factors like your income, dti, any baddies or even just payment history.
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Message 5 of 11
Valued Contributor

Re: Inquiries Older Than 12 Months?


@FinStar wrote:
It really depends on the lender and your overall profile OP. The more conservative the lender, the more scrutiny. Especially upon manual review.

That's good to know for credit union type lenders!  Thanks for the information.

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - $114K+ | Rebuilding since April 2018
Message 6 of 11
Valued Contributor

Re: Inquiries Older Than 12 Months?


@AverageJoesCredit wrote:
My average penny is the thicker your profile the less affect. The thinner your profile, a UW might see 6 -8 as alot , one never knows. What usually helps in those instances might be other factors like your income, dti, any baddies or even just payment history.

Good to hear from you AJC!  Thanks for the finer points you mentioned.

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - $114K+ | Rebuilding since April 2018
Message 7 of 11
Community Leader
Senior Contributor

Re: Inquiries Older Than 12 Months?

What's usually more important than inquiries is new accounts. How do you stand that way?

 

I agree that the inquiries themselves will likely cease to be a factor once they all reach a year in age.

Message 8 of 11
Valued Contributor

Re: Inquiries Older Than 12 Months?


@HeavenOhio wrote:

What's usually more important than inquiries is new accounts. How do you stand that way?

 

I agree that the inquiries themselves will likely cease to be a factor once they all reach a year in age.


I have 8 New Accounts in the last 10 months due to my Rebuild Project.

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - $114K+ | Rebuilding since April 2018
Message 9 of 11
Community Leader
Senior Contributor

Re: Inquiries Older Than 12 Months?

I'd zero in on the new accounts and not apply for anything until your newest account is a year old. Inquiries will fall into place.

Message 10 of 11
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