inquiries

[Anonymous]

I have three inquiries that will come off soon.   Two this month and one next month.  That is all the inquiries I have.   Are those worth anything point wise?

Just curious. 

[Anonymous]

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neednewcredit wrote:

I have three inquiries that will come off soon.   Two this month and one next month.  That is all the inquiries I have.   Are those worth anything point wise?

Just curious. 

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Inquiries only affect scores for the first year.

Don't expect any score change. Whatever bump you'd get from them not hurting you likely got last year when they turned 1.

[rom828]

I'm still confused about inquiries.....

I understand they aren't considered in scoring after 1 year, but do creditors consider them for new credit and CLIs?? 

also, do they actually drop off of your report after 2 years?

I think I've asked this before, SW, so forgive me.....getting older and memory's slipping!!LOL

[Anonymous]

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rom828 wrote:

I'm still confused about inquiries.....

I understand they aren't considered in scoring after 1 year, but do creditors consider them for new credit and CLIs?? 

That would be up to the creditor I would assume. They will see all inquiries from the past 2 years. The declines I've seen due to inquiries say "too many in the past 12 months".

also, do they actually drop off of your report after 2 years?

Yes. I don't recall anyone having any trouble with them remaining longer.

I think I've asked this before, SW, so forgive me.....getting older and memory's slipping!!LOL

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[rom828]

Thanks, sidewinder!!  I'll try to remember for future reference!

[Anonymous]

No prob!