What Do They Consider To Many Inquiries?

masscredit · ‎07-17-2012

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.

EX - No idea TU - 661 (Walmart 5/13/13 ) EQ - 684 (FICO -5/15/13)
Goal - 700 Club in '13!!!

My Wallet - Barclay's - $3700. Target - $3000. Cap 1 - $2500. Merrick - $1000. Orchard - $950. Walmart - $700. JCP - $200.

App free since 9/2012

namvet · ‎09-22-2011

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.

kobe2012 · ‎03-16-2012

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
tryin to garden!!!!!

/s1347.photobucket.com/user/elaineee0824/media/American-Express-Blue-Cash-Everyday-resized-600_jpg_zps9edf9ad6.png.html" target="_blank"> photo American-Express-Blue-Cash-Everyday-resized-600_jpg_zps9edf9ad6.png

photo American-Express-Blue-Cash-Everyday-resized-600_jpg_zps9edf9ad6.png

">

Take the FICO Fitness Challenge

CruzImperial · ‎07-04-2012

Ymmv but for securing the approval, no inqs in 12 months has worked for me.

webhopper · ‎09-16-2011

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 (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!

Take the myFICO Fitness Challenge

Dustink · ‎10-02-2012

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 EQ: 642 TU: 677 EX: 665

$14k $8.5K $7.5k $7.5k $6.5k $6k $5k $5k $5k $5k NPSL @ 0%

Sparkz1920 · ‎08-09-2009

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

Starting Score: 601
Current Score: 670
Goal Score: 700

Take the FICO Fitness Challenge

NFCU Rewards- 8K......AMEX Delta Skymiles-5k.....Citi AAdvantage AMEX-3.5K...WalMart Discover-4K....Old Navy Visa-2k...BOA-3000...AMEX Green-NPSL....Discover More-1K

sgs10 · ‎08-03-2010

6 months is a good one.

swpopham · ‎06-02-2012

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

"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar

Duncanrr · ‎06-08-2012

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)
Current Score: EQ 678 TU 702 (Amex pull) EX 724 (Amex) CK 682 (FAKO-EX 684, EQ 684, TU 684)
Goal Score: 750
Take the FICO Fitness Challenge

Credit Cards

What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?

Re: What Do They Consider To Many Inquiries?