@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:Back to my original question, it is simply confusing to me why I saw no increase, because I see it mentioned so much on this forum as if it is something that will always happen. To not even get 3 to 5 points confuses me, other people are getting 10 to 15 point increases and I don't get anything..? but I guess I was looking forward to some sort of increase that wasn't guaranteed for everyone, which I thought it was.
In your original post you didn't mention what your before/after scoreable inquiries (within the last 365 days) were. You could have moved from 1 --> 0, or perhaps (say) 25 --> 0, or anything in between. Your answer to that question would shed a lot more light on the potential score increase that perhaps should have been realized. It also depends on inquiry type. Using the 25 --> 0 example above, if 24 of them were coded around the same time for an auto loan and 1 was coded from a CC, from a scoring perspective you moved from 2 --> 0. Just something to consider. Inquiries are believed to be bucketed and for all we know profile dependent as well, so a move from say 1 --> 0 or 2 --> 0 could possibly result in no score gains.
Ok, so in total I have 4 inquiries, 2 on EQ and EX and 3 on TU. 1 of those will be removed in October of this year from all 3 (capital one) but the other 3 were the ones still scoreable. So I went from 3 to 0. The inquiries are all for credit cards as well.
Actually, these are not counted in aggregate but by each CRA, so if one fell on all three you went down one. On EX and EQ and went to 0 on TU. I have never really understood these and the points lost or gained. I've applied for several new accounts over the last year and I have between 7 and 2 scorable inquires on my various CRA reports. I have never seen any points lost from taking another inquiry and I have not seen any points gained from one reaching a year.
I say this with some reservation as I could have had points gained or lost I just could not isolate because utilization and number of revolvers reporting are also changing at the same time. I don't sweat the few points I might get from AZEO so my cards just report whatever balance may be on them from use before I pay them.
I do have a fairly thick file with some age on my oldest of 13 years and average of 7.5. I don't know for sure, but I think that the age of your file influences whether you take hits from a few inquiries.
From what I've seen around these forums most that seem to complain about points from inquiries or new accounts are down to under 3 years on their average. I have a sneaking suspicion this is an influencing factor, but like I said I'm far from an expert and most of this is taken from just looking at my file, my wife's file and my son's( who has a lot less history). I could be totally off base as this is just a hypothesis of mine.
