How many inquiries are too many?

NYFan63 · ‎06-27-2014

Wondering what the rule of thumb is- I have 6 INQ's in the last six months on both EQ and TU and 4 on EX. Should I go back a full year? What amount is too many? Also, do they fall off after one year? Just curious....

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

user5387 · ‎06-27-2014

Inquiries lose their scoring impact after a year, and fall off after two.

How many inquiries are too many varies widely with the lender.

vanillabean · ‎06-27-2014

@NYFan63 wrote:
Wondering what the rule of thumb is- I have 6 INQ's in the last six months on both EQ and TU and 4 on EX. Should I go back a full year? What amount is too many? Also, do they fall off after one year? Just curious....

"an inq hurts for exactly the same amount for all 12 months, and then not at all."

"Then after 6 or 7 [inquiries] , no dings."

The Long, Twisted History of Your Credit Score

CreditGuy03 · ‎06-27-2014

So you can have 6 inquiries in 12 months and not get score dinged?

Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019

NYFan63 · ‎06-27-2014

Thanks

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

MidnightJester · ‎06-28-2014

I think it means you will get your score hurt by the first 6 or 7 then not much for each extra inq after 6,7 if its under 12 months. After 12 months they dont cont score wise but are mildly frowned apon by some banks and CC's