Keeping track of hard inquiries

[Jazzzy]

We all know that keeping track of inquiries is vital when apping for new credit cards. I thought I was doing just that.

We're signed up for the TU Quarterly monitoring. Our TU report through myFICO said that there were zero inquiries affecting our FICO score.

Today we got a TU CR directly from TU, which I know will be more complete. We had given them some updated employment data, disputed a couple of addresses that weren't ours, etc. I'm assuming that's why we got the CR from them.

On this CR there are 3 hard inquiries listed, but they are dated from 10/07 to 7/08. Just trying to understand...did our CR from TU that we pulled from myFICO say that there were no inquiries affecting our FICO score because all of these were over a year old?

[smallfry]

Yep.

[haulingthescoreup]

Yes, that's exactly it.

Hard inquiries display for two years, but they only affect your FICO scores for one year. That's why the myFICO reports don't display them after a year.

I suppose there might be lenders who would get sniffy about inqs that were over one year old, but I wouldn't think it would happen often. An exception might be that if someone had been going berserk with inqs from month 14 to month 18 or something, a lender might ask what was up during that time period.

[Jazzzy]

Thanks for the input. I thought that was what was happening.

My first impression, of course, was a frustrated, "Now why didn't the report from myFICO have those???"

In looking at reports, it always helps to take a deep breath and put on your analytical hat first, before blaming.

Thanks again,

Message Edited by LynetteM on 09-02-2009 06:15 PM

[Anonymous]

I have four (of five total) hard inqs that will be a year old by Nov 1st... can't wait.

[creditwherecreditisdue]

AFAIAC myFICO should report all the INQ's that there are on the CB. I consider this a product defect.