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Regular Contributor
altayar
Posts: 248
Registered: ‎08-19-2010
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How many 'inquires' is excessive?

[ Edited ]

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? 

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: How many 'inquires' is excessive?

IMO 4+ in a 6 month span is excessive.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011
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Re: How many 'inquires' is excessive?

It really depends on the lender. GECRB not so much but Citi thinks 2-3 is too much.
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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: How many 'inquires' 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.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
altayar
Posts: 248
Registered: ‎08-19-2010
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Re: How many 'inquires' is excessive?

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!

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: How many 'inquires' is excessive?


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.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
AF_23
Posts: 288
Registered: ‎02-06-2012
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Re: How many 'inquires' is excessive?

5-7  range is where i hit a wall

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LilNYC
Posts: 184
Registered: ‎07-08-2012
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Re: How many 'inquires' is excessive?


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?

 

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EQ: 794. TU: 704. EX: 755
Regular Contributor
altayar
Posts: 248
Registered: ‎08-19-2010
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Re: How many 'inquires' is excessive?

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?

 




Established Contributor
KingAdrock
Posts: 656
Registered: ‎07-17-2007
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Re: How many 'inquires' is excessive?


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.


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