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Regular Contributor
loviedovie
Posts: 206
Registered: ‎12-20-2012

2 Questions about Inquries

I know that inquiries ding your score for 1 year but does anyone know how much?

 

Also- is there any way that a creditor will ever remove their inquiries from your report if, say, you app for their card 3 times and get it on the 3rd try would they agree to remove any of the inquiries?

 

I am super new, establishing credit for the first time and followed some bad advice of a bank employee who told me that if I was denied for their bank's card I should just re-apply 90 days later and then I would get it. So I did that and still didn't get it because my score was too low. Now I looked into my credit report and removed 2 baddies, have been told I will for sure get approved this time around. But these are 3 HPs within 6 months for the same card. WISH I had known about this site beforehand...


Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Valued Contributor
visorboy1974
Posts: 1,129
Registered: ‎05-17-2010

Re: 2 Questions about Inquries

1.  In my experience, a few points.  It's a tiny portion of your credit score.  

2.  More than likely they won't as they have permissible purpose to pull your credit when you apply.  

 

 

Valued Contributor
dodgerslv
Posts: 1,681
Registered: ‎06-16-2012

Re: 2 Questions about Inquries

while on this subject, does anyone have any idea how far banks usually look at inquiries when you apply for their credit card? Is 6 months application free good enough to apply for a credit card or should i wait longer? I know some may look back as far as 1 year.



biggest limits: BofA Privilege (33K)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: 2 Questions about Inquries

What bank are you thinkin on apping for? I been denied for CSP 4 times so most HP on EQ are from chase. Last time i applied they mention i had 11 inqs but in total i had 16 (5 from chase). I dont know if they were counting HPs from them as one or what.
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
dodgerslv
Posts: 1,681
Registered: ‎06-16-2012

Re: 2 Questions about Inquries

[ Edited ]

jsickz32 wrote:
What bank are you thinkin on apping for? I been denied for CSP 4 times so most HP on EQ are from chase. Last time i applied they mention i had 11 inqs but in total i had 16 (5 from chase). I dont know if they were counting HPs from them as one or what.

how far back do those inquiries go? the last 2 years, year? I want to get in with Chase so badly, here in Nevada they pull EX (where the most of my inquiries are). Have a total of 18 in the last 2 years but the last inquiry on EX was August 2012 (which was them when they denied me).

 

I dont plan to apply for Chase again till April of this year which will be about 8 months application free on EX report. Wonder if that is enough time for them to not deny me cuz of the inquiries.



biggest limits: BofA Privilege (33K)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: 2 Questions about Inquries

4 inqs were between mid june to end of august. 5th was from that CSP app that i was trying to recon.
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
dodgerslv
Posts: 1,681
Registered: ‎06-16-2012

Re: 2 Questions about Inquries


jsickz32 wrote:
4 inqs were between mid june to end of august. 5th was from that CSP app that i was trying to recon.

thanks for the info, I may take my chances with them then again. If i get denied again then will just have to wait a year and try my luck then.



biggest limits: BofA Privilege (33K)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).






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