hard inquiries...how many is too much?

[Anonymous]

Just curious, how many inquiries is considered too much?

as of right now, i have a total of 17 iq's.  5 from TU, 10 from EX, and 2 from EQ.

now, 6 of those will drop off by years' end.

but right now, i have 17. 

is this considered too much?

whats a high number of iqs?

[eddymvp]

I was going to ask the same question,

I would like to knoww as of Right now I have 13 and 7 of them would drop off by the end of the year.

[Anonymous]

IMO- more than 2 hurts your score-

Some creditors will deny for too many INQ's

They only count in scoring for 1 year.

[Anonymous]

Yes, more than 2 tends to start hurting you.       I read that FICO's research has shown that anyone with 6 or more in the last 12 months have are 8 times more likely to file bankruptcy.    I had about 16 in 10 months, and a year later I filed!

Just remember that after 12 months, they no longer affect your score.

[MidnightVoice]

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Boscoe wrote:

Yes, more than 2 tends to start hurting you.       I read that FICO's research has shown that anyone with 6 or more in the last 12 months have are 8 times more likely to file bankruptcy.    I had about 16 in 10 months, and a year later I filed!

Just remember that after 12 months, they no longer affect your score.

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My Amex Plus score simulator does not even like one inq on the report! - about 10-15 points for 1 or 2 inqs.  Once you are over 7 it does not seem to care any more

[Anonymous]

i have 9 hards on eq alone from last month and my score went up. I believe it depends on your approvals and denials also. or should i say your overall cr info, not just the inq.

4/6/2008 653 Score Power report: Your score has gone up. More info
3/14/2008 632 Score Power report: Your score is 632. More info

Message Edited by kiyahsmom on 04-07-2008 11:27 AM

[Anonymous]

wow, thats interesting. my points dropped by 9     i have 6 hards so far for this year. i think your right,  after a certain number they no longer matter.

[Anonymous]

What I tried to say was that it depends on what you are trying to do.  For scoring purposes, it seems the higher the score, the bigger the hit.  However there does seem to be some sort of plateau as far as it dinging you... (I've reached it).  That being said, too many inquiries can cause lenders to get wonky and start doing things like lowering limits or raising rates, dependant upon the lender of course.  If you're not apping anytime soon and not afraid of current relationships.. have at it...NOT!  In todays lending environement, fewer is always better.

(Forums must not like WIFI browsers)

Message Edited by Brammy on 04-07-2008 03:25 PM

[MidnightVoice]

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Brammy wrote:

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Are you suggesting zero is too many? 

[Anonymous]

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MidnightVoice wrote:

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Brammy wrote:

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Are you suggesting zero is too many? 

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LOL!!  No my blackberry must not like this forum ..... so I am on the machine....

I'll rest my fingers from itty bitty keys and come back and edit that.