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What Do They Consider To Many Inquiries?

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masscredit
Valued Contributor

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. 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

SDFCU Secured - $5000 / TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 1 of 14
13 REPLIES 13
namvet
Established Contributor

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. 

Message 2 of 14
kobe2012
Established Contributor

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: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
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Message 3 of 14
CruzImperial
Established Contributor

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 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | 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 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Message 4 of 14
webhopper
Moderator Emeritus

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.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 5 of 14
Dustink
Valued Contributor

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:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 6 of 14
Sparkz1920
Frequent Contributor

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

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


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Message 7 of 14
sgs10
Regular Contributor

Re: What Do They Consider To Many Inquiries?

6 months is a good one.

Message 8 of 14
swpopham
Established Contributor

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

"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
Message 9 of 14
Duncanrr
Valued Contributor

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)
Current Score: EQ 808 TU --- EX --- CK 804(FAKO-EX 821, EQ 823, TU 803)
Goal Score: 750

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Message 10 of 14
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