Question on inquiries...

[kxkxkxx]

For whatever reason, every creditor just LOVES to only pull Experian data (not sure why)....in any case, I finally hit the threshold of too many and had a 13pt drop (not the end of the world).

My question is....I do know that inquiries stay for 2 years, but you are only penalized for 1 year....I have 2 other inquiries on Experian that will be a year old at the end of next month.....does that mean I will get that 13pts back?....or do the points only come back after the 2yrs has gone by?

thanks in advance.

[Anonymous]

In theory you should, as if the move from 2 --> 4 [scoreable] inquiries dropped your score X points we'd expect the move from 4 --> 2 would cause those X points to return. 

[Anonymous]

Agreed, you should receive those points a year from the date of the inquiry.

[kxkxkxx]

thank you...was hoping that was the answer...I will check it out at the end of next month and see if I can recoup some points.

[Anonymous]

You will, no doubt about it.

[gdale6]

I would not look for such a jump as when they pass the year mark they should not be affecting your score at all, points lost for inquiries typically are regained over the last 6 months of the year period.

[Anonymous]

So, Guess we have 2 schools of thought on this. It was my understanding that many tests had confirmed the points came back exactly 365 days later?

[Anonymous]

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@Anonymous wrote:
So, Guess we have 2 schools of thought on this. It was my understanding that many tests had confirmed the points came back exactly 365 days later?

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They do come back exactly 365 days later.  I disagree with gdale's thought that they come back after 6 months. 

Proof of this IMO that I've tested personally as well as others is that you can see that when you get hit with an inquiry and you do a score pull before/after how many points you lost.  Let's say it's 5.  Then if you do another score pull before/after on (say) day 364 and 366 you'll see your score increases those 5 points.  This to me means it's impossible that any points are gained over the course of those 364 days following the inquiry.  If that was possible, people would actually be gaining [net] points from inquiries, so you'd have people taking on (say) 15 inquiries and losing 50 points just to gain (say) 75 [net +25] by the time a year elapsed.  Obviously, that wouldn't make any logical sense.