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Like the title says ... how many inquiries is considered excessive? And does it matter if all the inquires are recent?
I believe that old inquiries ( a year old or so ) don't raise red flags for creditors.. is that correct?
IMO 4+ in a 6 month span is excessive.
@flowfaster wrote:
It really depends on the lender. GECRB not so much but Citi thinks 2-3 is too much.
This is true as well, especially with Citi.
Sometimes it's really hard to understand. Last week I was approved for the Chase Amazon Visa card with 11 inquires on my CR (recon).
Today I applied for a limit increase on my freedom and initially I was denied for the same reason. But later I was approved for half what I asked for ( a $500 increase).
It's worth mentioning that all the inquires are within the last 4 months!
@altayar wrote:Sometimes it's really hard to understand. Last week I was approved for the Chase Amazon Visa card with 11 inquires on my CR (recon).
Today I applied for a limit increase on my freedom and initially I was denied for the same reason. But later I was approved for half what I asked for ( a $500 increase).
It's worth mentioning that all the inquires are within the last 4 months!
I would recommend gardening for 6 months to a year to get the best results apping and going for CLI's. The older the INQ's are the better.
5-7 range is where i hit a wall
@altayar wrote:Sometimes it's really hard to understand. Last week I was approved for the Chase Amazon Visa card with 11 inquires on my CR (recon).
Today I applied for a limit increase on my freedom and initially I was denied for the same reason. But later I was approved for half what I asked for ( a $500 increase).
It's worth mentioning that all the inquires are within the last 4 months!
Wait, 11 diff. cards pulled the same report? Maybe you should've out a security freeze on that one so that they would've been forced to pull a diff report?
Well some creditors pull only one and some pull two. It's never happened to me before that a creditor pulled all three reports (except for Cap 1). But yeah 11 inquires on my EQ and EX reports.
@LilNYC wrote:
@altayar wrote:Sometimes it's really hard to understand. Last week I was approved for the Chase Amazon Visa card with 11 inquires on my CR (recon).
Today I applied for a limit increase on my freedom and initially I was denied for the same reason. But later I was approved for half what I asked for ( a $500 increase).
It's worth mentioning that all the inquires are within the last 4 months!
Wait, 11 diff. cards pulled the same report? Maybe you should've out a security freeze on that one so that they would've been forced to pull a diff report?
@LilNYC wrote:
Wait, 11 diff. cards pulled the same report? Maybe you should've out a security freeze on that one so that they would've been forced to pull a diff report?
That's not what security freezes are for.