topic Re: inquiries in Credit Cards

inquiries

umut — Wed, 07 Mar 2012 00:34:40 GMT

after how many months the banks doesnt take serious about the too many inquiries

Re: inquiries

mmduluth — Wed, 07 Mar 2012 00:37:41 GMT

I would say 6-12

Re: inquiries

Anonymous — Wed, 07 Mar 2012 00:39:35 GMT

I think its 12 months and inquiries no longer count towards FICO scoring.

Re: inquiries

pizzadude — Wed, 07 Mar 2012 00:59:55 GMT

@Anonymous wrote:
I think its 12 months and inquiries no longer count towards FICO scoring.

+1. Inquiries remain visible on your reports for 2 years but are only counted in scoring for 1 year.

And it varies by creditors in terms of how many inquries is too many, and also when creditors stop counting inquiries as recent ~ they might look over the past 6 or even 12 months.

Re: inquiries

SwiftTone — Wed, 07 Mar 2012 01:07:29 GMT

I applied for my first Chase account back in 11/2011. On my credit report on myfico, it says "you have no inquiries affecting your FICO score"

Re: inquiries

jamesdwi — Wed, 07 Mar 2012 02:48:02 GMT

@umut wrote:
after how many months the banks doesnt take serious about the too many inquiries

as stated below, its 1 year for fico scoring but reports for two years, but never discount that they may report excessive INQ's as the reason for denial even if its just 2, if they denied for other internal reasons they don't want to tell you. Why else would you see people getting prime cards with 6, 8, 10, or even 20 INQ's and some people are denied for having 2.

Re: inquiries

Anonymous — Wed, 07 Mar 2012 02:58:42 GMT

@SwiftTone wrote:
I applied for my first Chase account back in 11/2011. On my credit report on myfico, it says "you have no inquiries affecting your FICO score"

FYI Chase may have pulled a different Credit Bureau so its not showing on your myFico report.

Re: inquiries

SwiftTone — Wed, 07 Mar 2012 03:44:44 GMT

@Anonymous wrote:

@SwiftTone wrote:
I applied for my first Chase account back in 11/2011. On my credit report on myfico, it says "you have no inquiries affecting your FICO score"

FYI Chase may have pulled a different Credit Bureau so its not showing on your myFico report.

You were right, myfico TU and EQ didn't show the inqury but my experian showed it on the report.

Re: inquiries

Anonymous — Wed, 07 Mar 2012 03:34:42 GMT

@pizzadude wrote:
@Anonymous wrote:
I think its 12 months and inquiries no longer count towards FICO scoring.

+1. Inquiries remain visible on your reports for 2 years but are only counted in scoring for 1 year.

And it varies by creditors in terms of how many inquries is too many, and also when creditors stop counting inquiries as recent ~ they might look over the past 6 or even 12 months.

Discover denied me for inquiries that were in the18-24 month range.