The scoring timing of inquiries

[vanillabean]

Inquiries stay on your credit reports for two years, but for scoring just one year.

So let's say an inquiry was reported on August 1, 2009. A year later is August 1, 2010.

When can EQ and TU be expected to pick up on that? Or maybe they simply don't do anything.

Maybe the scoring calculation itself will simply notice on the fly that it's beyond a year?

That's all the excitement I have for the rest of the year. Two one-year old inquiries in the fall.

I do have another inquiry from last fall, for my Amex card, but this inquiry is listed on EX only. Still, once I started using the card, it reports to all three CRAs. Is that common?

[llecs]

IME, it always vary. Sometimes it is removed from my FICO report up to a couple weeks early and sometimes it overstays its welcome by a week or so.

Per scoring, again IME, I haven't seen any changes. I suspect that the damage fades over time vs. waiting until the 1-yr mark. Plus, a majority of my inquiries resulted in no score change. Now grant it I had over 30 inquiries at a given point on both EX and EQ, but there were times I only had 0 or 1 on TU and never say a score change when adding one. However, I did document a 6 pt drop once on EQ after my 3rd or 4th was added. It's always a YMMV thing based on the scoring bucket, number of existing inquiries already, new TLs, and length of history.

Now what could happen to your score are significant gains if you got credit, and it reports, with those inquiries. I've had up to  20+ gains in the past when my new TLs hit a year old.

Most CCs only pull via one CRA and most report to all 3.

[vanillabean]

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@llecs wrote:

Now what could happen to your score are significant gains if you got credit, and it reports, with those inquiries. I've had up to  20+ gains in the past when my new TLs hit a year old.

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Good to hear. I have this chart with with expected score fluctuations lined up for DW and me, for EQ and TU. Time alone in the next some months will tell how it matches up with reality.

The wait will be easier now that I realize that the slow Amex TU reporting will need time anyway to catch up with EQ for exploring the 0% util baseline and back up to 1%.

Why this focus on TU? Well, it's my better score, and TU is what Discover checks and puts a hard inquiry on for my next card

[llecs]

Keep us posted. And I should probably clarify...depends on your scoring bucket, if you had other new accounts between the ones turning a year and prior, etc. YMMV. Though I clearly remember the day I pulled on 8/1/2008 and was pleasantly surprised when my rebuilding starter cards hit 1 yr. Happy day.