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Established Member
bhall
Posts: 14
Registered: ‎06-08-2007
0

credit limit increase inquiries

Do inquiries that result from a requested credit limit increase count more or less than inquiries that result from the request for new credit(opening new account)?
 I would think that inquiries from new accounts would effect the the score more due to not only new hard inquiry but also the effect the new account has on the average age of all credit accounts.
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: credit limit increase inquiries



bhall wrote:
Do inquiries that result from a requested credit limit increase count more or less than inquiries that result from the request for new credit(opening new account)?
 I would think that inquiries from new accounts would effect the the score more due to not only new hard inquiry but also the effect the new account has on the average age of all credit accounts.


All hard inquiries count the same.  Keep in mind that not all CCCs pull hard inquiries for CLI.  Some pull soft inquiries (which don't affect your score), and some don't pull an inquiry at all.
 
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Frequent Contributor
tonsers
Posts: 431
Registered: ‎02-07-2008
0

Re: credit limit increase inquiries

Keep in mind that you can always ask the CSR what they will pull - before they pull it. If they tell you that it will be a hard, you can decline.
Senior Contributor
FretlessMayhem
Posts: 3,279
Registered: ‎08-03-2007
0

Re: credit limit increase inquiries



tonsers wrote:
Keep in mind that you can always ask the CSR what they will pull - before they pull it. If they tell you that it will be a hard, you can decline.




This is true, however it's been my experience that a lot of CSRs have no idea what the difference is between a hard and soft inquiry.
Here we go again...
Frequent Contributor
creditdream
Posts: 352
Registered: ‎10-10-2007
0

Re: credit limit increase inquiries

Well do not be like me when i called to requested cli i get told that is going to be soft inq,and then i find out it was 3 hard inq from EXP,EQ,and TU . :smileysurprised:
Good luck to you .

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