Inquiries

[trudawg660]

I just looked at my new credit report and i noticed that my inquiries number went down. i noticed that they took two off after only being on one year.

[Anonymous]

thats very good!!

[Tuscani]

MyFICO only shows Inqs that are within the last year. The full reports from the CRAs will shows Inqs that are within the last 2 years. Why? Because only Inqs in the prev 12 months count against your score.

[John060675]

What is considered an acceptable amount of inquiries in a 12 month span?  I know even 1 hurts your score, but when does it get to the point when CC companies say too many?

[trudawg660]

well in that case i have a lot of inquires that i made when i was buying my car that need to come off.

[Anonymous]

Straight from the horse's mouth: http://www.myfico.com/CreditEducation/CreditInquiries.aspx

 

"For many people, one additional credit inquiry (voluntary and initiated by an application for credit) may not affect their FICO score at all. For others, one additional inquiry would take less than 5 points off their FICO score.

Inquiries can have a greater impact, however, if you have few accounts or a short credit history. Large numbers of inquiries also mean greater risk: People with six inquiries or more on their credit reports are eight times more likely to declare bankruptcy than people with no inquiries on their reports."

 

[Anonymous]

Do involuntary inquiries count?  I just sent a PFD letter to a CA and I think word got out.  Now a CA that I don't recognize has made an inquiry on my credit report.  Will that hurt me?  It's not exactly the same as me applying for credit.  Also, I noticed I have one inquiry that is over two years old.  Is there a way to have it removed from my report?  Would it make any difference?

Thanks.

Holly

[haulingthescoreup]

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@trudawg660 wrote:

well in that case i have a lot of inquires that i made when i was buying my car that need to come off.

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For car shopping and house shopping, if you keep your credit requests within a time frame (used to be 2 weeks, supposed to be at least one month now), FICO will treat them as one. They will all be listed, but supposedly only one is counted. How we would know that this is actually being done correctly, I don't know.

[Anonymous]

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@haulingthescoreup wrote:

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@trudawg660 wrote:

well in that case i have a lot of inquires that i made when i was buying my car that need to come off.

---

For car shopping and house shopping, if you keep your credit requests within a time frame (used to be 2 weeks, supposed to be at least one month now), FICO will treat them as one. They will all be listed, but supposedly only one is counted. How we would know that this is actually being done correctly, I don't know.

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you just have to trust them, the cra's have earned that righhht?