hard inquiry

[Anonymous]

I know that hard inquiries stay on your credit report for 2 years but how long does it actually affect your score, I heard about 3 months.  Is this correct?

[fused]

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nfg wrote:

I know that hard inquiries stay on your credit report for 2 years but how long does it actually affect your score, I heard about 3 months.  Is this correct?

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Nope! FICO it lasts the full 12 months, FAKOs I believe it's a full two years.

[Anonymous]

Yikes! 

[smallfry]

When you apply for new cards you can believe they take inquiries over one year old into consideration.

[waqaszm1]

Message Edited by waqaszm1 on 07-12-2008 06:45 PM

[MidnightVoice]

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waqaszm1 wrote:
The following information is for educational purposes only and is correct based on my experiences as of 04/06/2008. If you are applying for credit from a certain creditor, make sure that your credit score is decent at the corresponding credit bureau so that you have a better chance of getting approved. This way you will not have unnecessary hard inquiries on your reports: (Hard Inquiries negatively impact your scores).

The following creditors use EQUIFAX:
1. ING Direct / Sharebuilder Securities
2. Wachovia Bank
3. Redstone Federal Credit Union
4. Citibank
5. Target National Bank
6. First Bank of Delaware

The following creditors use EXPERIAN:
1. Bank of America
2. Capital One
3. Credit One Bank
4. Plains Commerce Bank
5. Verizon Wireless

The following creditors use TRANSUNION:
1. Capital One
2. T-Mobile
3. HS BC AUTO
4. Bank of America AUTO
5. 1st Bank DE/CF

I will try to update this list frequently. I live in ALABAMA and this list is good for this geographic region, atleast.

MY PLUS SCORES: (04/06/08)
Experian 685, Transunion 641, Equifax 599
Fico Equifax Scorewatch 549

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I suugest you look at whogavemecredit as it gives a very comprehensive listing, and is not restricted to Alabama