07-17-2013 08:54 PM
I have 14 inquiries in the last two years and 6 in the last 2 weeks. How long should I garden for before I can apply again such that the inquiries and new accounts wont be a problem? (AAoA 2 yrs 6 months with 15 total accounts). Thank you!
07-17-2013 08:58 PM
Inquiries only hurt for 1 year for FICO scoring. But I would wait at least a year or two before applying again because a lot of inquiries in the last 6 months doesnt look good
07-17-2013 08:58 PM
07-17-2013 09:04 PM
My credit history is 4 yrs 6 months. I have no derogs on EQ and TU and 1 on EX that will be deleted in a year. Im really trying to pick up a Sapphire and a Blue Cash Everyday when my score and reports are right to pull the trigger.
I have students loans that were reported as late in 2010. There being disputed though. During recons Ive been able to explain that they are showing as late because i took a semester off school and the loans were supposed to be in deferment. Its worked so far, but I really want instant approvals as AMEX recons are tough.
07-17-2013 09:51 PM
07-17-2013 10:10 PM
07-17-2013 10:32 PM
How long is your credit history and do you have any derogs?
What constitutes as too many inquiries is really dependent upon the individual. Some are able to rack up over 15+ inquiries on 1 bureau and still be approved. On the other hand there are people whom are declined for having too many inquiries despite having only 4 inquiries.
Some people are able to outweigh too many Inq's with a thick and positive file such as a long AAoA, no derogs, etc.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.