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Established Contributor
masscredit
Posts: 679
Registered: ‎07-17-2012

What Do They Consider To Many Inquiries?

What do creditors consider to many inquiries and do they look at the number in the last 3 months, 6 months, 1 year?

 

I know generally inquiries have an impact on your CR for a year and fall off after 2. 


|****$6000****|****$4500*****|****$4500*****|****$2500****|****$1600****|****$3000****|******$750******|*****$700*****|
EX - 651 (MyFico 06/05/14) TU - 656 (Barclay 07/07/14 ) EQ 04 - 699 (DCU -06/26/14) EQ 08 - 683 (MyFico -06/06/14) 1% Utilization
Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011

Re: What Do They Consider To Many Inquiries?

That's  a good question and the answer can vary between lenders.  Since inquiries do the most damage during the first 6 months my guess would be more than 3 in the last 6 months.  I always make sure that i don't have any inquiries during the previous 6 months if i plan on apping for new credit.  That's always worked for me. 

Established Contributor
kobe2012
Posts: 690
Registered: ‎03-16-2012

Re: What Do They Consider To Many Inquiries?

when I applied for chase amazon, i had 8 inquiries probably within 6-7 months.... on my EX... they didn't even mention that... so, i guess it all depends with the lender....


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
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Established Contributor
CruzImperial
Posts: 863
Registered: ‎07-04-2012

Re: What Do They Consider To Many Inquiries?

Ymmv but for securing the approval, no inqs in 12 months has worked for me.
Fico Scores: . Walmart TU 748 . App free since Aug 2013 .

Cap One Journey 500 | Discover IT 1k | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 6k | Barclays Apple 2.5k | BoA CR 800 | CSP 7.2k
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webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: What Do They Consider To Many Inquiries?

18 is too many for discover. 14 is too many for chase; but chase will approve on recon.
nfcu & amex charge card... they don't care.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
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Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: What Do They Consider To Many Inquiries?


webhopper wrote:
18 is too many for discover. 14 is too many for chase; but chase will approve on recon.
nfcu & amex charge card... they don't care.

Haha that post sounds like it comes from experience.

 

In all cases, it depends on how the rest of your file looks. If you are already borderline on approval, INQ's won't help that's for sure. No set number, some may get approved with 10 INQ's while other get declined with 0 INQ's. I think 3 is always a good number to stay under.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


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Frequent Contributor
Sparkz1920
Posts: 271
Registered: ‎08-09-2009

Re: What Do They Consider To Many Inquiries?

Yeah...I'd say a year free is good

I think I'll do that when I app for a AMEX BCE next year and a better CITI card

I always see recent inquiries in last 6 months so 12 should be good and then your score could likely get a joist from being inquiry free for a year as previous ones fall off

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Regular Contributor
sgs10
Posts: 204
Registered: ‎08-03-2010

Re: What Do They Consider To Many Inquiries?

6 months is a good one.

Established Contributor
swpopham
Posts: 539
Registered: ‎06-02-2012

Re: What Do They Consider To Many Inquiries?

nah, the whole point of inquires is to rack them up, bump them off and start over again!

 

I had 40+ from NFCU alone in the last 2 years

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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

Re: What Do They Consider To Many Inquiries?


swpopham wrote:

nah, the whole point of inquires is to rack them up, bump them off and start over again!

 

I had 40+ from NFCU alone in the last 2 years


40? What were they from?  Im about to join NFCU and need to see how much they will pull (I know they are a bit pull happy but 40 seems excessive).



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
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