How long do inquiries hurt your score? I thought it was one year, but why do the CRA keep inquiries for 2 years? WTF?
Shantel: I strongly believe it is for 2 years. MO from most CRA is that your score is most affected by things on report within the last two years, whether negatives, positives or inquiries. Cyprigirl
Someone around here said they disputed inquiries with Equifax and had them removed? Who was that? How'd you do it? Did you do it online? If so, did you use Privista or Equifax's site directly? I have 13 inquiries (2 more to come probably) in the last 6 months and I'd SURE like to get rid of them if I can....that's my #1 reason code. Hell, my collection account is listed 2nd at this point! So HEEEEEEEEEELLLLLLLLLLLLPPP!
I'm with you on that LizardKing. I'd like to get rid of some of them....question, how can they validate that YOU authorized the inquiry? (i.e. If you applied online, etc). Thanks
The problem with disputing inquiries, is the CRA's will give you the line that the FCRA does not state you have to authorize inquiries...this is subject to interpetation IMHO. I have disputed some with the creditors and they were removed, next step will be to follow LK's path and file a suit.
On the subject of inquiries, has anyone seen their hard inquiries drop after two years? I have quite a few that are approaching two years in Nov. Should I expect these to be removed by Dec.? Kat
