26 Hard Inquiries in the Past 2 years....

[closschumacher]

As the subject reads..... I have 26 hard inquiries since 7/2011 and it's brought my score down near 60 points..... i was at 715 (roughly) but now sit around a 645. I am now just finishing up graduate school, looking at around $30,000 worth of debt between credit cards and school loans, and looking to see if there is any good way of either removing these hard inquires outside of the 2 year time limit. I have 13 credit accounts in total... as you can see, i went crazy in undergraduate school trying to establish credit and hurt myself hard in the long run.

Any adivce outside of "wait until 2015", etc would be great. I have read and heard that if you challenge inquires that are around a year old to the inquirer just asking them to take it off it sometimes can work, but that i means i gotta write out 26 letters and postage, etc. So if there is another way that would help me here, I'd like your opinion.

I am trying to get my score to around 680 seeing that I am trying to buy a house within the next 6 to 12 months.

Thanks!

[thom02099]

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@closschumacher wrote:

As the subject reads..... I have 26 hard inquiries since 7/2011 and it's brought my score down near 60 points..... i was at 715 (roughly) but now sit around a 645. I am now just finishing up graduate school, looking at around $30,000 worth of debt between credit cards and school loans, and looking to see if there is any good way of either removing these hard inquires outside of the 2 year time limit. I have 13 credit accounts in total... as you can see, i went crazy in undergraduate school trying to establish credit and hurt myself hard in the long run.

Any adivce outside of "wait until 2015", etc would be great. I have read and heard that if you challenge inquires that are around a year old to the inquirer just asking them to take it off it sometimes can work, but that i means i gotta write out 26 letters and postage, etc. So if there is another way that would help me here, I'd like your opinion.

I am trying to get my score to around 680 seeing that I am trying to buy a house within the next 6 to 12 months.

Thanks!

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While the inquiries remain on your report for 2 years, the good news is that they factor in to your FICO scoring for only 1 year.  As they fall off, you should see some score bumpage, all other aspects being equal.  And the even better news is you don't have to do a thing!

http://ficoforums.myfico.com/t5/General-Credit-Topics/When-do-inquiries-fall-off/m-p/886886#M150404

[takeshi74]

There's no quick and easy fix.  TIme is the only fix you can really count on.

Have you actually pulled all your reports to verify that it's just the inquiries?

[tonyjones]

Wow 26 hard inquiries insane! I thought mine was a lot at 12 for Experian. I'm only 6 at equifax and 3 at transunion!

[closschumacher]

I pulled my credit reports last week. The 2 biggest things that are killing me is my DTI Ratio, and hard inquiries being at 26. What's sad is that most of the inquiries reported to 2 or 3 reports, so I'm in a real pickle there. I'm hoping my score will level to 675 roughly so I can get a home without a co-signer.

[Burned2manybridgesB4]

Nippin' at your heels, OP.

EQ=17

EX=18

TU=11

[closschumacher]

Yeah..... I've debated whether or not to make an effort in the next week to send out some letters of request to erase some of my inquiries, i don't know how successful that is going to be. I'm going to give it a try, and see if that works.

CLS