I have a lot of inquires on my credit report about 15 they will all be remove in october of this year. Will this raise my credit score?
2006-09-08 13:28:23 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes but inquiries only make up a small percentage of your total credit score.
For a clear and simplified explanation of what influences your score and what proportion of you score inquiries make up, see "Fico Breakdown: How Your Credit Score Is Calculated" at
http://finance-girl.blogspot.com/2006/09...
2006-09-08 13:41:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If they do it will be a very small increase. But it's doubtful that they will.
Inquiries that are older than one year, have no impact on your scores. Since your scores have already recovered from the inq.'s at the one year mark, they probably won't have an impact (or much of one) when they drop off in two years
2006-09-08 14:32:16 · answer #2 · answered by echo 7 · 1⤊ 0⤋