Too many inqs

[enharu]

---

@djc1puno wrote:
Fellas,

Got a friend who went on an app spree and he wanted to recon his csp denial. He can pretty much explain everything thing else in his reports except for his many inqs...around 12-15 the past year. What do you guys usually say when trying to recon and get asked about your new inqs and accounts? Thanks for the advice!

---

really depends on his profile.

If inquiries are the ONLY problem on his CR, with everything else looking good (low utilization, no derogs, etc), then it's usually not that hard to explain, especially for Chase. My advice is to be honest and straightforward about the reason behind all those inquiries, unless he was churning cards or doing manufactured spending like some madman. 

[youngandcreditwrthy]

STOP APPING FOR SIX MONTHS. That will solve the prob.
Most inqs Ive ever had is 11 in two years.
This is one things lenders will not forgive a lot of times,esp since inqs leads to new accounts and more potential debt. Barclay's is esp stupid with inquiry hate.

Ive never been one for "app sprees" for this reason. Super risky behvaior.

I do love sign up bonuses and free stuff. I guess lenders don't like you to fall for their sign up bonuses and cheap credit too much lol...

[navigatethis12]

I just say that I was applying for offers that were sent to me or asking for an increase, and it's true. Experian at this point has 28 inquiries(14 this year) and really don't get asked about them. PNC didn't say anything when I spoke to the analyst for an increase, American Express instantly approved for 12,000 after I gave the PIN, First National Bank of Omaha gave a 5000 increase(soft), and Citi recently approved a business card for 7000 (other cards I have with them may be the reason for the low limit) without me having to speak with anyone. I only have a three year history, but I have 1-5% utilisation at all times and a perfect payment history.

I reckon if everything on the report is fine then you won't have a problem when it comes to inquiries, as long as you can speak with a human.

[Pat94108]

12-15 inq? I guess I was worrying for nothing with my 6 inquiries lol. I guess if he has a good reason--mortgage, auto loan etc.--but otherwise I agree with those who said he should wait a few months to get new credit. 

[djc1puno]

Thanks guys! I will relay the info and he already burned the inq so he is just getting some input on his recon

[FinStar]

---

@djc1puno wrote:
Thanks guys! I will relay the info and he already burned the inq so he is just getting some input on his recon

---

Best of luck on his efforts.  Let us know how it turns out for sure!

[djc1puno]

will do, Fin

[Give_Me_Credit_Please]

I think I got EVERYONE beat in inquiries!! 72 inquiries!! BUT half of them are falling off soon or latest end of this year. I went on a extremely stupid app spree. Even with this many inquiries, I just got approved for the Barclay Rewards Mastercard!! I didn't believe it!! Even though it' only a $500 cl but getting approve for Barclay is hard even specially with this many inquiries. Also got approve for BOA secured, and Firestone cc with $1200 cl. So inquiries is important but not as important as your profile and payment history.

[FinStar]

72???

LOL

[myjourney]

---

@Give_Me_Credit_Please wrote:

I think I got EVERYONE beat in inquiries!! 72 inquiries!! BUT half of them are falling off soon or latest end of this year. I went on a extremely stupid app spree. Even with this many inquiries, I just got approved for the Barclay Rewards Mastercard!! I didn't believe it!! Even though it' only a $500 cl but getting approve for Barclay is hard even specially with this many inquiries. Also got approve for BOA secured, and Firestone cc with $1200 cl. So inquiries is important but not as important as your profile and payment history.

---

72 makes you second best around here 

Top person has 82+

Last week I saw him app again so it could be 90 now