Regaining points after HP inquires

[Anonymous]

Definitely - please remind me though. Having a teenage daughter turns my brain to oatmeal these days and I prob won’t remember lol.

[FireMedic1]

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@Anonymous wrote:

It may not necessarily be the size of the credit file, but also the raw number of HPs.  It's believed that once a certain number of scoreable inquiries is reached (say, 10-14) that additional inquiries at that point no longer adversely impact score, as maximum penalty from them is already being realized. 

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I agree with you @Anonymous . In a way just in my case. The more cards I got I'll say hurt less as time moved forward. First card was a pretty good hit. Whereas my 10th card was a zippo. And of course like we know. So many other factors are determined into the calculation.

[Anonymous]

Coincidentally enough, after opening my PayPal card (receiving a hard inquiry)- I gained 6pts.

[Anonymous]

You can bet it wasn’t because of the inquiry.

[GApeachy]

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@Anonymous wrote:

It may not necessarily be the size of the credit file, but also the raw number of HPs.  It's believed that once a certain number of scoreable inquiries is reached

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Does an incredibly crappy file not suffer compared to idk, normal- whatever that is.  (EDIT: see below post for the correct dirty file DP's) One collection that just fell off so I hit the ground running.  My first 3 inquires in 8 yrs (Cap1, Discover, Amex) same day; Score 580 (LOL!....I app'd Amex ) four days later my score was 579.

[GApeachy]

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@Anonymous wrote:
+1 to what BBS said.

OE, are you sure inquiries ding dirty files? I’m pretty sure they do not, from what I’ve read, but I could be wrong.

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I think mine was very dirty, 4 CO's, and collection just fell off, 3- 30 day lates and 1 -60 day.  

[Anonymous]

I could be wrong, but I thought dirty scorecards were immune to inquiry and age of youngest account dings.

Seems like that’s evidence that supports it @LauraC.

[Anonymous]

Well I ask someone and I may be half wrong and half right. Apparently they’re immune to age of youngest accounts but not inquiries.

Maybe we will have some more members chime in.

[GApeachy]

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@Anonymous wrote:
. Apparently they’re immune to age of youngest accounts but not inquiries.

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What's that mean?  Edit: my average acct. age was 9yrs. 3 months.  Oldest 19 yrs. and ? months

[Anonymous]

When you’re on a clean scorecard, when you open a new account you take a penalty and then you receive points back depending on profile at certain thresholds. And then it’s commonly believed you change back scorecards when your youngest account ages to a year.

So basically you take a ding for opening up a new account when you’re on a clean scorecard and you don’t fully recover until a year. If you’re on a dirty scorecard you don’t take that ding.

So on a dirty scorecard this process doesn’t happen because you stay on the dirty scorecard. So another words you can open as many accounts if you want without suffering dings for youngest account.