So this is fun. I missed seeing whether the inquiry exclusion was 1 year to the day or 1 year + 1 day by about 15 minutes with the timing of the pull, but oh well such is life.
What is amusing though is seeing the breakpoint between 1 and 0 inquiries, and this is confirmed not only by score but also by reason code change. Gold standard data, enjoy... even if this was the source of an argument between me and another forum member previously, unless it's different by scorecard (kinda doubt that, inquiry binning is inquiry binning) pretty conclusive I think.
Inquiry date: 5/3/16, mortgage pull FWIW though long since past grace period.
FICO 04 Classic reason codes 5/2/17:
- 1. You have a public record and/or collection on your credit report.
- 2. You recently missed a payment or had a derogatory indicator reported on your credit report.
- 3. You have a short credit history.
- 4. You've recently been looking for credit.
FICO 04 Classic reason codes 5/4/17:
- 1. You have a public record and/or collection on your credit report.
- 2. You recently missed a payment or had a derogatory indicator reported on your credit report.
- 3. You have a short credit history.
Surprised with my file I only got 3 on this one score... guess my file while suck doesn't completely suck? Bodes well for when I get my tax lien off even on TU where I have a late from 10/2015. Also interesting is some differences between FICO 04 Bankcard (BC) where I have this reason code but not on FICO 04 Classic apparently:
2. You've recently opened too many new credit accounts
Fairly indictative at least on an old Bankcard score that there are some reason codes which exist there which aren't in the classic score to tease out some additional weightings... and oh yes, 741 on a mortgage score, BOOYAH!
No change in FICO 8/9, but I didn't have the recently seeking credit tag there either. Also interesting that it was worth so little when on EQ FICO 04 Going from 3->2 or vice versa was worth 7 points.
| Score | 5/2/17 | 5/4/17 | Delta |
| TU FICO 8 | 731 | 731 | 0 |
| TU FICO 4 | 739 | 741 | 2 |
| TU FICO 9 | 764 | 764 | 0 |
| TU FICO 8 AU | 744 | 744 | 0 |
| TU FICO 4 AU | 748 | 750 | 2 |
| TU FICO 9 AU | 764 | 764 | 0 |
| TU FICO 8 BC | 747 | 747 | 0 |
| TU FICO 4 BC | 730 | 731 | 1 |
| TU FICO 9 BC | 753 | 753 | 0 |
@Anonymous wrote:
@Anonymous wrote:
If I get back 8 points, for example, I can deduce that the addition of 2 inquiries on EX resulted in a 6 point drop where going from 2 to 4 is what resulted in 8 points of the 14 point drop.
What's the age of those recent 2 inquiries? Would be interesting to see how aging overall may affect score overall.
As for Relevate -- it definitely appears that the 1-2 inquiry range hits FICO way less than 3-4. According to other credit forums, at least on a clean file, the difference after those numbers quickly becomes irrelevant to FICO itself but certain prime lenders may take AA with super high inquiries, but there are a handful of folks in the 800 range with 30+ inquiries or more, sometimes on one CRA.
A family member of mine is a major SUB chaser and she has 25 inquiries on two CRAs and she's in the 800s according to FICO 08. Whenever a new card comes out that she qualifes to get a SUB for, she applies and gets it, every time, even with crazy high inquiries.
Data from my mortgage process in the installment loan testing thread, pretty much was conclusive as I went from 3->2->3->2->3 with an exact 7 point shift on Beacon 5.0 each time: FICO 04 there is no aging of inquiries, at all. Full monty entire year.
I don't know if that has changed with FICO 8/9; no way to test this round as I didn't move between 0 and 1 on those scores and also I need my credit for something possibly important next year, so can't afford a random testing inquiry as I might have done in the past.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:What's the age of those recent 2 inquiries? Would be interesting to see how aging overall may affect score overall.
My 2 most recent inquiries on EX are 2 days old. The 2 other ones are 46 weeks old, so in 6 weeks when they hit 1 year they will become unscoreable, which will drop me back down to 2 scoreable inquiries like I was at 3+ days ago... the only difference, of course, is that my 2 scoreable inquiries are going to now be much more recent rather than nearly a year old.
When I was applying I stopped getting a ding for an inquiry on TU & EX once I hit 14.
I thought the number was much lower like 8 on most FICO models
Maybe a breakpoint VS 3 too; +7 on TU, not clean datapoint though.