I recently checked my credit report and noticed that three credit inquires I made this December (MC, Discover & Visa) were still on my report. How long do they stay?
2007-01-11 07:04:53 · 8 answers · asked by jwthornhill1965 1 in Business & Finance ➔ Personal Finance
A Credit "Inquiry" that is where someone requests your credit report stays on there for 2 years from date of inquiry.
But the older they are the less effect they have. Most people can usually have 2-3 but more than that might start looking bad.
2007-01-11 07:13:38 · answer #1 · answered by OC1999 7 · 0⤊ 0⤋
I've been in finance for over four years now. I understand that you want to know how long the inquiry will be on your record. But really it doesn't matter. I'm sure you've heard that inquiries are bad, that's not really the case though. The reason that your score dips a little when you have inquiries is because years ago people only went to their local bank for any transactions (loans, cards, etc.) so when you had a lot of inquiries it looked like you were looking everywhere for money and no one would give you any. Credit scores are supposed to reflect risk, and if no one would give you money then you were high risk. In the last few years the bureaus have decreased the significance of inquiries because these days everyone checks their credit all the time. It doesn't reflect risk anymore. If you check your credit 8-10 times in a month, ya, it will dip. But for what your talking about, it shouldn't be an issue. Just check your credit when your serious about getting something, and don't just apply everywhere just for fun and you'll be golden.
2007-01-11 07:27:25 · answer #2 · answered by Tim 6 · 2⤊ 1⤋
I've seen inquiries stay on for 12-18 months. Usually only the most recent ones affect your credit score and then only if there are a lot of them all at once.
2007-01-11 07:14:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Please ignore the response that said that your score drops for making your OWN inquiry. That is totally FALSE! When you run your own credit report it does NOT show up when lenders make a query and does NOT affect your credit score.
2007-01-11 07:29:33 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 1⤋
they stay for about 6 months....stop checking, though...everytime you have your credit pulled (excluding insurance& medical & junk) you lose about 3 points off of your score. You lost 9 points for those inquiries!!!!
2007-01-11 07:14:00 · answer #5 · answered by autumn 5 · 0⤊ 1⤋
A loooooooooooooooooooooooooooog time!
2007-01-11 07:15:51 · answer #6 · answered by Shari 5 · 0⤊ 0⤋
THEY ARE ALWAYS THERE, THAT'S WHY THEY CALL IT A CREDIT HISTORY!
2007-01-11 07:08:51 · answer #7 · answered by Anonymous · 0⤊ 3⤋
FOREVER!!!! BOOWAAAHAAAA! SATAN HAS TEMPTED YOU!
2007-01-11 07:10:05 · answer #8 · answered by That Guy 5 · 0⤊ 2⤋