01-04-2013 05:56 PM
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...
01-04-2013 06:51 PM
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.
01-04-2013 06:56 PM
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.
01-04-2013 06:57 PM
01-04-2013 07:08 PM - edited 01-04-2013 07:13 PM
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.
01-04-2013 07:13 PM
01-04-2013 07:23 PM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.