When Does Experian Remove Inquiries?

[Asilomar]

Oh not at all.  I need another credit card like I need a hole in the head.  I'm just asking for general knowledge.  

[Asilomar]

---

@BigBS wrote:

EX drops inquiries the first Saturday of the month following 24 months, so some may actually stay for 25 months and some 24 months and a few days depending on the calendar.  As was said the effect is generally gone after 12 months.

---

Yesterday was the first Saturday of the month following 24 months and they have still not dropped off.  So this information didn't turn out to be accurate.  At least not in this case.  Perhaps Experian's policy has changed.  

[iv]

---

@Asilomar wrote:

---

@BigBS wrote:

EX drops inquiries the first Saturday of the month following 24 months, so some may actually stay for 25 months and some 24 months and a few days depending on the calendar.  As was said the effect is generally gone after 12 months.

---

Yesterday was the first Saturday of the month following 24 months and they have still not dropped off.  So this information didn't turn out to be accurate.  At least not in this case.  Perhaps Experian's policy has changed.  

---

Did you pull a fresh Experian report today, or were you expecting an alert?

(Generally speaking, alerts don't trigger on the removal of items from a report, just on some types of updates and additions.)

[Anonymous]

I still have an inquiry hanging on at Experian that was two years old on August 20th. I just updated Experian and it is still there. I wish they did a better job.

[ScoreSizzle]

---

@Anonymous wrote:

Interesting!  My guess is that if they do not fall off in the next two business days, then EX will remove them by the 2nd of the following month (Sept 2 in this case).

Just as an FYI, all your inquiries lost all scoring impact when they turned 1 year old.  So exactly when they fall off your report won't matter much.

---

What about a 30-day late that should fall off before the year is out? Does that help the score at all? 

[Asilomar]

iv, I pulled a fresh report.

[iv]

---

@Asilomar wrote:
iv, I pulled a fresh report.

---

Interesting. So they haven't yet run the purge for the month - I wonder if it's due to the first Saturday also being the first of the month, or being a holiday weekend... or that their schedule isn't as set in stone as some people believe.

Either way, it will be gone at some point this month, and (as I'm sure you know) hasn't been counting for FICO scoring for over a year.

[Asilomar]

I know these inquiries don't effect my score but they can certainly effect the algorithms negatively (too many inquiries!) and of course upon visual inspection.

But it's all academic anyway because my interest in this topic is strictly educational; I'm always trying to learn something new.  And in this case, particularly when it pertains to my own file, it's just one more topic I have a good grasp of. 

I had a string of consecutive late payments on an old car loan and as I watched them fall away I had a good time learning each CRA's pattern.  TU removes 2 months early at the end of the first week, EQ removes 3 months early right on the 1st, and EX... I don't know.  Mysteriously EX removed the entire string when the first one aged out.  I'm down to two and one will hit the '3 months early' mark in October.  I already know what to expect from TU and EQ but I'll be interested to find out what EX does.  

[Asilomar]

---

@Anonymous wrote:

I still have an inquiry hanging on at Experian that was two years old on August 20th. I just updated Experian and it is still there. I wish they did a better job.

---

Thanks for the DP.  So it's not just me.  That means, as iv said above, that where Experian is concerned inquiry removal isn't as set in stone as people believe.  Good to know.  

[Asilomar]

---

@ScoreSizzle wrote:What about a 30-day late that should fall off before the year is out? Does that help the score at all? 

---

No.  Inquiries after 12 months of age no longer impact your score.