When *exactly* to credit inquiries become un-scorable?

[Anonymous]

Good morning everyone,

Question is in the title, essentially. I am planning on applying for a new Chase card that I've been eyeing with the elevated bonuses, but have been holding off to maximize my chances of approval. Do inquiries fall off exactly after 12 months to the day? Such as an inquiry from October 11th being unscorable October 11th of the next year? Is it 12 months + 1 day?

Any clarification would be appreciated.

Thanks

[Anonymous]

What I have read over time here is that they become unscoreable exactly 365 days after you incur them. Note that your use of the term "falling off" is what happens after two years. They do not score after a year but they don't fall off for a year after that.

[Anonymous]

Oops! I knew that they're one year to be unscorable and two years to be "gone." Bad terminology mix there.

Thank you for your input. New-ish to the game, so I figured it doesn't hurt to poll the veterans in my journey to learn.

[OmarGB9]

It's alright, everyone here is always helpful and willing to clear up any misconceptions.

[Anonymous]

Depending on the amount of HP you have, I think Chase is probably more concerned with how many recently opened accounts you have.

[coldfusion]

Just to clarify OPs comments an inquiry does not impact FICO scores after 12 months but will not fall off the credit report until after 24 months have passed.

There is a minor hitch due to Chase relying primarily on Experian; unlike the other 2 major CRAs Experian does not age out inquiries until the 25th month after the hard pull.   If you have an Experian hard pull from August 2018 it will not fall off until early next month.

[M_Smart007]

Not scoreable after 12 months.

[zerofire]

I think there is a massive problem in he use of terminology here. Inquiries will stay on your report for 2 years from the date that they occur. During the whole time they will mess with your score. What will however happen is that during the 1st year you will get hit with both presence and how recent penalties. During the second year it will just be presence with the inquiry being considered stale. I have had plenty of cases where an inquiry disappears and my FiCO score goes up 5 points. For the benefit of Chase they go by new CC accounts as well as counting inquiries. The infamous 5/24 is new CC accounts from anyone reporting. Chase will look elsewhere if you have too many inquiries but considering that they are willing to consider Auto and Mortgage shopping as acceptable most will hit the CC limit first. So true unscorable is 2 years with lenders being able to see them but many not caring.

[MakingProgress]

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@zerofire wrote:

I think there is a massive problem in he use of terminology here. Inquiries will stay on your report for 2 years from the date that they occur. During the whole time they will mess with your score. What will however happen is that during the 1st year you will get hit with both presence and how recent penalties. During the second year it will just be presence with the inquiry being considered stale. I have had plenty of cases where an inquiry disappears and my FiCO score goes up 5 points. For the benefit of Chase they go by new CC accounts as well as counting inquiries. The infamous 5/24 is new CC accounts from anyone reporting. Chase will look elsewhere if you have too many inquiries but considering that they are willing to consider Auto and Mortgage shopping as acceptable most will hit the CC limit first. So true unscorable is 2 years with lenders being able to see them but many not caring.

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You are talking apples and oranges.   After 12 months the HP is no longer considered in FICO 8 scoring, but is still visable on your report.   So yes an individual creditor will still be able to see in for 24 months and may or may not care, but it is in fact unscorable for FICO 8.