topic Re: How many inquiries, cc exposure and accounts open/closed. in Credit Cards

How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 06:17:48 GMT

Thought it would be a great time to share how many inquiries you may have, cc exposure and accounts open and closed.

I have 60 inquiries on exp, 40 on TU, 40 on Eq. Total exposure is 700k, and 40 accounts open, 15 closed. Score is in the upper 7's, utilization is 11%

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 06:24:08 GMT

Wow thats alot of inquiries.

Are you still getting approvals? And what is your AAoA?

I have 15 inq on EX now, my highest, but want to apply for more CC in a few months.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 06:32:11 GMT

Wow, $77k in debt.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 06:47:21 GMT

Ex 9 / TU 22 / Eq 16

And I thought I had a lot. OP, I'm surprised your score is that high with so many inquiries. Gives me hope!

$247k available revolving. Owe a little over $4k 52 open / 5 closed.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 12:32:22 GMT

My highest is 14 inq, only have about 20k, if I count my AU 40k 16 open. As of today's less than 1% uti

Re: How many inquiries, cc exposure and accounts open/closed.

takeshi74 — Tue, 10 Nov 2015 14:27:42 GMT

@Anonymous wrote:
I'm surprised your score is that high with so many inquiries.

It's never just a matter of X but of one's credit profile as well. Despite the tendency to obsess over them here, inquiries are a relatively small factor. People tend to worry about them because a lof of people are building or rebuilding. Inquiries can have a bigger impact for those in such a position.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 17:52:29 GMT

@takeshi74 wrote:
@Anonymous wrote:
I'm surprised your score is that high with so many inquiries.
It's never just a matter of X but of one's credit profile as well. Despite the tendency to obsess over them here, inquiries are a relatively small factor. People tend to worry about them because a lof of people are building or rebuilding. Inquiries can have a bigger impact for those in such a position.

I noticed this. When I first started rebuilding I took some pretty bad hits for inquiries. This past Sunday I did 14 HP's I actually gained more points than lost from the new accounts. AAOA is 11.5 years, but I've gained in my credit mix for sure. Utilization dropped, I'm not saying it is the same for everyone but I did notice on mine a few points increase. Especially EQ and TU. TU has been lacking for sometime with only 2 revolving accounts.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 18:25:37 GMT

once all my new accounts report i will have 17 open, 14 closed, between 9 and 20 inquiries depending on burea, $67,100 in total credit, less than 1% utilization except auto loan, oldest account is 6.5 years and AAoA is like 2 years and some months but idk what will happen when these new accounts report. scores range from 686 to 699 depending on burea (have some late payments from november 2014)

Re: How many inquiries, cc exposure and accounts open/closed.

tntexans72 — Tue, 10 Nov 2015 18:33:57 GMT

You want to aim higher AAOA wise...so it will take time. There are some on here that has 10+ years AAOA, me personally 8yrs AAOA across the board. AAOA will absorb the blows of inquiries.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Tue, 10 Nov 2015 18:37:58 GMT

@Anonymous wrote:
Thought it would be a great time to share how many inquiries you may have, cc exposure and accounts open and closed.

I have 60 inquiries on exp, 40 on TU, 40 on Eq. Total exposure is 700k, and 40 accounts open, 15 closed. Score is in the upper 7's, utilization is 11%

24 inquiries (at least 7 dropping off next year), something like 26 accounts including some student loans. And The only closed ones are like 5 loans that were bought out. Scores 740-760, utilization is 2-3% or less. First card was care credit april 2013, first major card was april 2014, and everything in my signature post capital one is from the last 6 months.

Re: How many inquiries, cc exposure and accounts open/closed.

heyarrnold — Tue, 10 Nov 2015 18:38:37 GMT

INQ - EX: 4, EQ: 2, TU: 1

Total acounts open: 14 ( 11 CC's, 3 loans)

Total accounts closed: 5 ( Discover, Wells Fargo Secured, Cap One secured, Arrival + (twice))

Re: How many inquiries, cc exposure and accounts open/closed.

Journeygod — Tue, 10 Nov 2015 21:04:50 GMT

Damn, I must be a lightweight!

I'm almost ashamed to post this.

Open: 9 cards

Credit: $102,150.00

Utilization: 9%

Inqs: EQ 2 EX 2 TU 1

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Wed, 11 Nov 2015 01:56:58 GMT

BUMP

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Wed, 11 Nov 2015 02:58:17 GMT

why feel ashamed? inquiries don't add value to one's life. you're fine in my book.

Re: How many inquiries, cc exposure and accounts open/closed.

NRB525 — Wed, 11 Nov 2015 03:50:48 GMT

EQ 5 TU 4 EX 10

7 or 8 closed accounts, two with balances still paying, 2,400

Revolving CL = $250k excluding Closed accounts, CC utilization 11.3% per TransUnion measurement protocols.

The last 4 INQ on EX (the only bureau in the last four apps), between August 12 and October 28, each INQ had zero change to my score. The pile-on of INQ reaches a point where adding another of the same thing has less impact. Still some, but less impact than the first one. In many lender's eyes it still can have impact, sometimes.

Re: How many inquiries, cc exposure and accounts open/closed.

Country_Feller — Wed, 11 Nov 2015 05:45:45 GMT

@Anonymous wrote:
why feel ashamed? inquiries don't add value to one's life. you're fine in my book.

I agree.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Wed, 11 Nov 2015 12:27:17 GMT

@Anonymous wrote:
Wow, $77k in debt.

This is really what stood out to me in the post. The anxiety is real.

Otherwise, EX: 9 TU:4 EQ:2

$139,800 total credit lines

5 yr AAoA

10% Util on 0% promos

Re: How many inquiries, cc exposure and accounts open/closed.

vegastim13 — Thu, 12 Nov 2015 01:18:08 GMT

Yea, I have quite a lot of Inqs from car buying and the 7 credit lines I've opened up recently. It felt like after 10, it doesn't matter much anymore as far as scoring goes. A lot of them being recent would probably scare away any CCC who I tried to apply for within the next few months, but as others said it really is a small portion of your actual score.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Thu, 12 Nov 2015 01:28:00 GMT

@Anonymous wrote:
Wow, $77k in debt.

Not necessarily. Utilization is based on what reports at statement cut. They may simply be PIFing after statement cut rather than prior to.

Re: How many inquiries, cc exposure and accounts open/closed.

Anonymous — Thu, 12 Nov 2015 02:50:21 GMT

@Anonymous wrote:
@Anonymous wrote:
Wow, $77k in debt.
Not necessarily. Utilization is based on what reports at statement cut. They may simply be PIFing after statement cut rather than prior to.

While you can argue this case, the overwhelming statistics in the US indicate that this is probably not the reality.