Credit inquiry

[ozzeran]

How long does a credit inquiry last on your credit report these days?

Also how many points does it take off for such an inquiry?

This would be for an auto loan.

[SMKR]

2years

[Sean88gt]

Couple of pts.

[black50]

ive had some drop off in as little as 6 months and one lasted for 3 years

[Lason]

2 years, points depends on all kinds of crap. Could be a couple points or could be alot more.

[ozzeran]

Wow, lasts longer than I thought.

[GE]

Is there any way to find out more about an inquiry? I just ran mine last night and there's an inquiry showing up on one of my reports from 9/2009 but I don't recognize the lender and I didn't transfer any accounts or apply for a new line of credit. Any way to dispute an inquiry?

[347Mike]

I don't know the exact point amount but it is very small. I want to say it is like 2-3pts each but who knows, I may be wrong. I have about 9 hard inquiries the last time I checked and I have just under an 800 score. I am sure if I let those fall off and stopped inquiring I would be in the 800s with no problem.

There are other things on your credit to be much more concerned with to be honest.

GE - I never had to dispute an inquiry but I think you can dispute anything that is on your report. Give it a shot. If not, it looks like that inquiries 2 years is coming up and will be gone anyways.

[SVT Lurch]

I don't know how long the inquiry is on there, but we only show them back 120 days. (up from 90 last year)

Mortgage - 10 points
Auto - 5 points
Credit card, etc. - 2 points

Although any mortgage inquiries within 30 days are counted as one and I believe that carries over to the others as well.

[STANGGT40]

I don't know how long the inquiry is on there, but we only show them back 120 days. (up from 90 last year)

Mortgage - 10 points
Auto - 5 points
Credit card, etc. - 2 points

Although any mortgage inquiries within 30 days are counted as one and I believe that carries over to the others as well.

So, if a mortgage lender pulls your credit, it costs you 10pts, and those 10pts get added back after 90 days. Fico scoring is always strange...

[SVT Lurch]

So, if a mortgage lender pulls your credit, it costs you 10pts, and those 10pts get added back after 90 days. Fico scoring is always strange...

No, I'm not sure how long it takes to get the points back. The 90 days I mentioned is how far back the inquiries used to go. For example, if I pull your credit today (6/24/11), last year I would show inquiries back to 3/24/11. Now it goes back 120 days so we would see all the way back to 2/24/11.

If you do open the account your score should go up more than enough to offset the inquiry all else being equal (not to mention you have whatever credit you needed at that moment so the score is useless until you need it again).