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12 Month Scoring Rule on Inquiries

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Anonymous
Not applicable

12 Month Scoring Rule on Inquiries

When do they stop having a score effect?

 

For example I have 4 EX Inq dated: 7/17/2019; 7/22/2018; 7/23/2018; 7/24/2018 (Yes, I was a busy boy last July). 

 

Do they "fall off" scoring on: their anniversary date? anniversary date +1? 1st day of the following month? something else?

 

Also, is there a confirmed number of Inq above which negative scoring stops?

 

Thanks.

Message 1 of 8
7 REPLIES 7
Anonymous
Not applicable

Re: 12 Month Scoring Rule on Inquiries

My understanding is they affect score for exactly 365 days, they’d fall off on the dates you incurred them, one year later.

As for how many before they don’t affect you, that’s completely profile-specific. The stronger the profile, the less they’ll affect it.
Message 2 of 8
SouthJamaica
Mega Contributor

Re: 12 Month Scoring Rule on Inquiries


@Anonymous wrote:

When do they stop having a score effect?

 

For example I have 4 EX Inq dated: 7/17/2019; 7/22/2018; 7/23/2018; 7/24/2018 (Yes, I was a busy boy last July). 

 

Do they "fall off" scoring on: their anniversary date? anniversary date +1? 1st day of the following month? something else?

 

Also, is there a confirmed number of Inq above which negative scoring stops?

 

Thanks.


Anniversary date +1, I believe.

 

I believe there are tiers, with a range of inquiries in each, such as, e.g. 1-2, 3-5, 6-10 etc. But I have no idea what the tiers are. In my profile I've always had a lot of inquiries, and adding a few here and there, and losing a few here and there, had no scoring effect.

 

 


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 3 of 8
gdale6
Moderator Emeritus

Re: 12 Month Scoring Rule on Inquiries

It is my understanding that most of the point loss is gone at the 6 month mark. Not everyone will be affected at the year mark

Message 4 of 8
Anonymous
Not applicable

Re: 12 Month Scoring Rule on Inquiries


@gdale6 wrote:

It is my understanding that most of the point loss is gone at the 6 month mark. Not everyone will be affected at the year mark


This is not true at all, as there is no aging impact on inquiries impacting score "less" over the course of 365 days.  If X points are lost at the time an inquiry is taken on, X points are gained back 365 days later.  It all goes and comes back in one shot, not gradually or in steps throughout the year.

 

Off topic question, but what do you all think happens if it's a leap year? 

Message 5 of 8
jamie123
Valued Contributor

Re: 12 Month Scoring Rule on Inquiries

I agree with BBS 100%.

 

If you read your credit reports you will find that inquiries always have an exact date tied to them. It is 1 year +1 day that they fall off.

 

(That takes care of leap years!  Smiley Happy)


Starting Score: EQ 653 6/21/12
Current Score: EQ 817 3/10/20 - EX 820 3/13/20 - TU 825 3/03/20
Message 6 of 8
Anonymous
Not applicable

Re: 12 Month Scoring Rule on Inquiries

I had several age off this month. They age off on the anniversary. In other words if you take the inquiry on August 5 the following August 5 you get your points back.

+1 to what BBS said.
Message 7 of 8
Anonymous
Not applicable

Re: 12 Month Scoring Rule on Inquiries

The only time I think the impact from inq would be a gain, is when a person had zero. I cannot ever get below 3-4 in a year between all 3 CB's.

So i don't believe I ever see a scoring impact from one or two dropping off, because there are usually one or two to take their place. I have seen a scoring drop though from adding one, however.

Message 8 of 8
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