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Help with inquiries

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Regular Contributor

Help with inquiries

Hi, Sometime last February i got four store cards after a very long dry spell of not having credit (due to a divorce). I did some stupid things (before I knew better) and applied a lot to bunch of cards and my inquiries are through the roof. A lot of them are going to be a year old this month and in March, but I see in all credit reports it looks at two years. At what point do inquiries start to fall off the Fico calculation? In some credit monitoring sites I see 12 months ( which some will have) and other places I see two years.  Other than gardening, is there anything else I can do?


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Valued Contributor

Re: Help with inquiries

Inquiries are no longer included in score calculations after 12 months. They are still visible for 2 years. You CAN be denied for too many inquiries even after the 12 month affect on scores goes away.  

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
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Established Member

Re: Help with inquiries

I am in the exact same situation unfortunately

NFCU CashRewards: 5K | Finger Hut: 700 | VS: 500 | Marathon 600 | Lane Bryant 550 | Overstock 1.8K | Children's Place 750 | Torrid 400 | My Smile Care 4K


FICO 8 - EX: 590 | EQ: 600 | TU: 589 -- 11/14/18
Oldest account: 9.3 years
Newest: 2 month
Average: 4y 7m
Inquiries: 15/24
Baddies: 3 collections | 3 30 day lates ranging from 2015-2017
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Senior Contributor

Re: Help with inquiries

Many of us are.

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Frequent Contributor

Re: Help with inquiries


@yf430 wrote:

Hi, Sometime last February i got four store cards after a very long dry spell of not having credit (due to a divorce). I did some stupid things (before I knew better) and applied a lot to bunch of cards and my inquiries are through the roof. A lot of them are going to be a year old this month and in March, but I see in all credit reports it looks at two years. At what point do inquiries start to fall off the Fico calculation? In some credit monitoring sites I see 12 months ( which some will have) and other places I see two years.  Other than gardening, is there anything else I can do?


HI yf430,

 

Yeah unfortunatly gardening is the only thing you can do.  Me, I do not have a lot of INQs, but I have started being more frugal with apping.  I have been in the situation before of apping just to app, but for me now I try to be frugal with apping.  Trying my best to stay in the garden until at least May of this year to allow some to drop off, and I may app for something at that point.  I must also admit there have been times I was really itching to pull the trigger and backed away at the last minute.  My better half tells me that we do not need any more credit and I try to respect her wishes.  I do not currently have any Chase cards nor AmEx cards and my sights are set on those.  BUT it's only a sighting at this point in time for me... hehe....

 

 


Starting Score: EQ 593, TU 600, EX 612
Current Score: EQ 850, TU 850, EX 843
Goal Score: EQ 750, TU 750, EX 780


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