Inquiries Score Boost

[Anonymous]

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@Anonymous wrote:
Are you saying all three inquiries aged to 365 days on the same day? Did you lose one at each bureau?

Did you lose points for the inquiry is when you took them?

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Yes I am saying that. I got my American Express, Discover, and Wells Fargo June 5th, 2018. I did lose 1 point in total but I immediately got it back on the 6th month. I am sorry I don't know what you mean by lose one at each bureau, are you talking about them completely falling off or becoming not scoreable?

[Anonymous]

Your "random question" in your original post is directly related to you not receiving a scoring bump after inquiries became unscoreable.  By your own admission you have 4 derogatories on your credit report, and they can definitely affect any scoring increase you might have otherwise gotten.

[Anonymous]

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@Anonymous wrote:

Your "random question" in your original post is directly related to you not receiving a scoring bump after inquiries became unscoreable.  By your own admission you have 4 derogatories on your credit report, and they can definitely affect any scoring increase you might have otherwise gotten.

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I have to respectfully disagree with that, if that was the case I wouldn't have seen the increase I was expecting on my fico 8 on my fico 9. Also I have more then 4, I had 19, 7 months ago and still got increases for things. I now have 11 on TU, 9 on EX and 4 on EQ. I still get increases for many things despite all these derogatory accounts. Random side note, I didn't know about this 10 to 15 point increase when I first got my Capital One card because I wasn't on the forum, however I got this type of increase when my account hit a year, so I feel the derogatory accounts being the reason I did not receive an increase this time is not valid, especially considering, I had over 19 collection accounts at the time that I got that increase. (I would have to go back and look at the report if it is still there to see the exact amount I had)

[Anonymous]

Are any of your derogatories medical collections?  The FICO 9 penalty for medical collections is less severe than under FICO 8. Plus any collection that has been paid does not affect FICO 9 score while under FICO 8 they will still influence your score.  You can disagree but the presence of derogatories on your credit report dampen or reduce any positive changes in your scores.

[Anonymous]

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@Anonymous wrote:

Are any of your derogatories medical collections?  The FICO 9 penalty for medical collections is less severe than under FICO 8. Plus any collection that has been paid does not affect FICO 9 score while under FICO 8 they will still influence your score.  You can disagree but the presence of derogatories on your credit report dampen or reduce any positive changes in your scores.

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Yes they all are, I will in fact NEVER get a collection that isn't medical. I agree it does severely lower my score and chances of getting better increases from positive changes I make, I disagreed with not getting an increase at all was specifically because of the collections. I can only imagine my increase would have been better for Capital One back then if I didn't have collections.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Are any of your derogatories medical collections?  The FICO 9 penalty for medical collections is less severe than under FICO 8. Plus any collection that has been paid does not affect FICO 9 score while under FICO 8 they will still influence your score.  You can disagree but the presence of derogatories on your credit report dampen or reduce any positive changes in your scores.

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Yes they all are, I will in fact NEVER get a collection that isn't medical. I agree it does severely lower my score and chances of getting better increases from positive changes I make, I disagreed with not getting an increase at all was specifically because of the collections. I can only imagine my increase would have been better for Capital One back then if I didn't have collections.

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You're disagreeing with something I never said; nowhere did I claim that you would not get any increases because of the presence of collections.  But anyway it appears that you already have all the answers; I'm not even sure at this point why you bothered to ask the question(s).

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Are any of your derogatories medical collections?  The FICO 9 penalty for medical collections is less severe than under FICO 8. Plus any collection that has been paid does not affect FICO 9 score while under FICO 8 they will still influence your score.  You can disagree but the presence of derogatories on your credit report dampen or reduce any positive changes in your scores.

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Yes they all are, I will in fact NEVER get a collection that isn't medical. I agree it does severely lower my score and chances of getting better increases from positive changes I make, I disagreed with not getting an increase at all was specifically because of the collections. I can only imagine my increase would have been better for Capital One back then if I didn't have collections.

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You're disagreeing with something I never said; nowhere did I claim that you would not get any increases because of the presence of collections.  But anyway it appears that you already have all the answers; I'm not even sure at this point why you bothered to ask the question(s).

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What is funny is after I posted my message I went back to read it and I knew I should have worded that part differently. (Your aggressive reaction is the reason I thought that) I decided against doing that, which I now regret, I should have edited that part. I definitely don't have all the answers, and I don't even recall claiming I did either? I think it is interesting, me disagreeing with you now makes you believe I think I have all the answers, which is very interesting. Anyways note taken, next time, when I think I need to edit something I will.

btw it seems I have somehow offended you, and for that I apologize. I wish we were having this conversation in person because the reaction that you just had in your last post would have definitely not occurred. Side note, your last post gives me a very weird vibe, that came out of nowwhere. This is exactly why I do not on talk on forums very often. Once again it is VERY clear I have offended you, and I can't apologize for that enough. Have a nice day.

Another side note I actually had logged off my computer and I thought you know what, I should see if they responded again. That was also a mistake.

[Anonymous]

OP, when I said one falling off of each bureau I meant, from the three inquiries that aged 365 days, was one at each bureau?

Actually that’s a good catch MaizeandBlue. And OP, I believe he is correct that the presence of derogatory‘s will affect AoYA awards and inquiry points. Also be aware I think, collections under $100 are not counted on FICO 8.

[Anonymous]

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@dynamicvb wrote:

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.

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Your hypothesis is correct. The point loss from a single inquiry can easily be 17 to 20 points on young/thin files. I've experienced it myself with EQ/EX -20/-19 points from applying for a single card from Citi. (Double-pulls also common to young/thin files.)

Even more supporting evidence can be found by browsing Reddit's credit forums where the majority of posters are college students getting their first cards. They'll casually mention stuff like 'taking the usual 17 point hit from an inquiry', because so many people there have experienced it.

[Anonymous]

@Anonymous   often on the MyFico Forum posters will look seriously at your concerns and discover they need more information or clarifcation as they consider possibilities as to why something is taking place. It can appear to be aggressive when in fact, some of the posters are quite knowledgeable and get so into the nitty gritty of it not just on the surface. It is hard to always give the needed knowledge until posters get into it and discover what they may need to offer you the better answer.

The MyFico Forum has posters experienced in several areas one being Auto, Mortgages, and of late there is an ongoing study of effects on the various FICO Scores that exist.

No one is really trying to be less than helpful but, if you are new this information would not have been something you'd know. Hope this helps you to better understand the intent of information seeking.