Need more info -- what exactly is the question.
I count all of them for the 2 years. Of course, if I know what bureau a CC is going to pull then I then look at the last 6 months to a year.
I imagine it would vary if you were applying for a mortgage.
For an auto loan those are usually an auto enhanced score so it wouldn't matter too much there.
I count all of them for the 2 years. Of course, if I know what bureau a CC is going to pull then I then look at the last 6 months to a year.
I imagine it would vary if you were applying for a mortgage.
For an auto loan those are usually an auto enhanced score so it wouldn't matter too much there.
Gotcha! I think CC companies use that as a reason if the profile is borderline or they genuinely see too many new accounts. I would tend to lean on the last 12 months but mostly last 6 if the previous 6 didn't have many. If that makes any sense! lol
Best of luck!!
Best of luck!!
Thats an really good question. I am wondering how many hp is too many when they look at cc apps. I am at around 8 months since I last apped. Wondering if i should wait some more.
Fewer is always better, but having a bunch won't necessarily kick you out either: depends on underwriting standards, and I agree, if you have a fantastic file anyway compared to their underwriting standards it isn't going to matter, more likely in the borderline case.
I don't think there's any full consistency in the forum posters stating, but I believe it's mostly any inquiry in the last two years as I often see (and use myself) qualification as to how many are in a scoreable range (w/in last year).
I think if it's on the report, and if lenders can see it as they do for 2 years, then it's total inquiries on the report which does count from an underwriting perspective, and therefore should likely be the standard on this forum. My opinion anyway.
@KennyRS wrote:
Gotcha! I think CC companies use that as a reason if the profile is borderline or they genuinely see too many new accounts. I would tend to lean on the last 12 months but mostly last 6 if the previous 6 didn't have many. If that makes any sense! lol
Best of luck!!
I just pulled copies from MyAnnualReport.com. I have 1 with TU, 3 with Ex and both are older than 12 months but younger than 24 months. I have to send it a written request for a copy of my EQ report. For some reason it would not allow me to do it online. I know there is at least 1 there from Discover this Jan but not sure what else. But it just got me to wondering, how I should be counting HPs? I feel ok with were my numbers are but I do want to make sure to watch it for my upcoming credit apps and make sure I know where things are at with HPs. No one had ever really mentioned if they were counting 12 or 24 months out when they referred to how many than had.
@BluePoodle wrote:
@Revelate wrote:Fewer is always better, but having a bunch won't necessarily kick you out either: depends on underwriting standards, and I agree, if you have a fantastic file anyway compared to their underwriting standards it isn't going to matter, more likely in the borderline case.
I don't think there's any full consistency in the forum posters stating, but I believe it's mostly any inquiry in the last two years as I often see (and use myself) qualification as to how many are in a scoreable range (w/in last year).
I think if it's on the report, and if lenders can see it as they do for 2 years, then it's total inquiries on the report which does count from an underwriting perspective, and therefore should likely be the standard on this forum. My opinion anyway.
Agreed, but I think 12 months has been what many have been going by? Maybe I am wrong. I was only looking at what impacted FICO scores but now I am trying to look at it from an underwriters prospective.
That brings up another silly question....what about status detail comment? When a customer disputes an account but it remains on the CR the disputed is noted. What are opinions about that? Should/Would it be beneficial to request those comments to be removed? What value or harm do they offer???
Absolutely get them removed: you'll have to before a mortgage when using Desktop Underwriter, and it's likely other automated underwriting systems fail similarly. Don't get kicked out on an application over something stupid like that in my opinion .
@Revelate wrote:
@BluePoodle wrote:
@Revelate wrote:Fewer is always better, but having a bunch won't necessarily kick you out either: depends on underwriting standards, and I agree, if you have a fantastic file anyway compared to their underwriting standards it isn't going to matter, more likely in the borderline case.
I don't think there's any full consistency in the forum posters stating, but I believe it's mostly any inquiry in the last two years as I often see (and use myself) qualification as to how many are in a scoreable range (w/in last year).
I think if it's on the report, and if lenders can see it as they do for 2 years, then it's total inquiries on the report which does count from an underwriting perspective, and therefore should likely be the standard on this forum. My opinion anyway.
Agreed, but I think 12 months has been what many have been going by? Maybe I am wrong. I was only looking at what impacted FICO scores but now I am trying to look at it from an underwriters prospective.
That brings up another silly question....what about status detail comment? When a customer disputes an account but it remains on the CR the disputed is noted. What are opinions about that? Should/Would it be beneficial to request those comments to be removed? What value or harm do they offer???
Absolutely get them removed: you'll have to before a mortgage when using Desktop Underwriter, and it's likely other automated underwriting systems fail similarly. Don't get kicked out on an application over something stupid like that in my opinion
I completely understand for mortgage why you would not want them there. Will having them removed affect FICO scores?