I have 6 HP from mortgage shopping in 2020 between 10/26 and 11/17. I guess they will be on for 2 years? I've heard different answers on how long the window is open to be counted as one inquiry. Wondering how this will affect card shopping in the short term future.
Inquiries stay on your report for two years, yes, but they become unscoreable after one year. The de-dup window for inquiry scoring is 45 days on all currently used FICO versions except EX2, where it's 14 days, so that's the only place yours will be scored as more than one. Lenders consider number of inquiries independently of their scoring impact, so it's possible the mortgage inquiries could affect a cc app, depending on how many inquiries you have total and what the rest of your profile is like. But if a UW algo denies you for that reason you could reach out to recon if the lender has it.
@Slabenstein wrote:Inquiries stay on your report for two years, yes, but they become unscoreable after one year. The de-dup window for inquiry scoring is 45 days on all currently used FICO versions except EX2, where it's 14 days, so that's the only place yours will be scored as more than one. Lenders consider number of inquiries independently of their scoring impact, so it's possible the mortgage inquiries could affect a cc app, depending on how many inquiries you have total and what the rest of your profile is like. But if a UW algo denies you for that reason you could reach out to recon if the lender has it.
Thank you for the thorough explanation! I've never tried to get a recon on any previous denials. Will have to keep that in mind.
