I just had an inquiry removed from my dh's Experian report - I got in while you could still dispute them online easily. I made a notation that the day this particular inquiry popped up, his score went down by 3 points. This was in January (this was the 2nd time I had disputed it). It was removed from his report yesterday and his score went up 1 point. No other changes were made to his report, so I'm certain this was the reason. So, in my humble estimation, it appears that the longer a inquiry is on your report, the less points you recoup when it's removed...which seriously bites since an unauthorized inquiry could potentionally hurt you even though you get it removed (point wise). Anyone else have this experience? Ozzy.
Possibly but I'm guessing unlikely. There was a link on here that pointed to a power point presentation that discussed FICO scores in a more abstract way. In it, they discussed how you got 5 points if you had a checking account, 5 point if you had a savings account but 15 points if you had both. Thus, you get more value out of certain combinations. Additionally, I'm willing to bet that certain valuations could be worth less (or more)based upon other items in your credit report. Perhaps when your friend had the inquiry placed on the report, inquiries were weighted more heavily. As time has gone on and other items have become more relevant, the removal of one inquiry has had less of an affect. It's also possible that the average age of the inquiries may be a factor just as the average age of open accounts is a factor. Bottom line: there's no telling just how that formula works.
THIS WHAT YOU WANT??? http://www.ftc.gov/bcp/creditscoring/present/sld001.htm The one where one inquiry is BETTER than ZERO... Just moved is better than 2.49 YEARS... RETIRED is worth more points than 12.5 YEARS on the job...
