topic Re: What Do They Consider To Many Inquiries? in Credit Cards

What Do They Consider To Many Inquiries?

masscredit — Thu, 25 Oct 2012 22:05:05 GMT

What do creditors consider to many inquiries and do they look at the number in the last 3 months, 6 months, 1 year?

I know generally inquiries have an impact on your CR for a year and fall off after 2.

Re: What Do They Consider To Many Inquiries?

namvet — Thu, 25 Oct 2012 22:38:02 GMT

That's a good question and the answer can vary between lenders. Since inquiries do the most damage during the first 6 months my guess would be more than 3 in the last 6 months. I always make sure that i don't have any inquiries during the previous 6 months if i plan on apping for new credit. That's always worked for me.

Re: What Do They Consider To Many Inquiries?

kobe2012 — Thu, 25 Oct 2012 22:47:06 GMT

when I applied for chase amazon, i had 8 inquiries probably within 6-7 months.... on my EX... they didn't even mention that... so, i guess it all depends with the lender....

Re: What Do They Consider To Many Inquiries?

Anonymous — Fri, 26 Oct 2012 01:13:48 GMT

Ymmv but for securing the approval, no inqs in 12 months has worked for me.

Re: What Do They Consider To Many Inquiries?

webhopper — Fri, 26 Oct 2012 03:46:36 GMT

18 is too many for discover. 14 is too many for chase; but chase will approve on recon.
nfcu & amex charge card... they don't care.

Re: What Do They Consider To Many Inquiries?

Anonymous — Fri, 26 Oct 2012 04:42:20 GMT

@webhopper wrote:
18 is too many for discover. 14 is too many for chase; but chase will approve on recon.
nfcu & amex charge card... they don't care.

Haha that post sounds like it comes from experience.

In all cases, it depends on how the rest of your file looks. If you are already borderline on approval, INQ's won't help that's for sure. No set number, some may get approved with 10 INQ's while other get declined with 0 INQ's. I think 3 is always a good number to stay under.

Re: What Do They Consider To Many Inquiries?

Sparkz1920 — Fri, 26 Oct 2012 14:57:13 GMT

Yeah...I'd say a year free is good

I think I'll do that when I app for a AMEX BCE next year and a better CITI card

I always see recent inquiries in last 6 months so 12 should be good and then your score could likely get a joist from being inquiry free for a year as previous ones fall off

Re: What Do They Consider To Many Inquiries?

Anonymous — Fri, 26 Oct 2012 15:50:24 GMT

6 months is a good one.

Re: What Do They Consider To Many Inquiries?

swpopham — Fri, 26 Oct 2012 15:54:20 GMT

nah, the whole point of inquires is to rack them up, bump them off and start over again!

I had 40+ from NFCU alone in the last 2 years

Re: What Do They Consider To Many Inquiries?

Duncanrr — Fri, 26 Oct 2012 15:58:50 GMT

@swpopham wrote:
nah, the whole point of inquires is to rack them up, bump them off and start over again!

I had 40+ from NFCU alone in the last 2 years

40? What were they from? Im about to join NFCU and need to see how much they will pull (I know they are a bit pull happy but 40 seems excessive).

Re: What Do They Consider To Many Inquiries?

swpopham — Fri, 26 Oct 2012 16:06:06 GMT

you have no idea buddy! Im sure any nfcu member can vouch for that, call customer service and ask them what your credit limit is and take a HP, call and ask if your car payment posted and take 3 hp's!!! sara had enough in 2 years, with a few softs she was bumping her own inquires.

We are extreme, I called and apped for a platinum card and was given a 1k limit, called activated the card, then told the rep to close it, app for a cash rewards card and instant 10k... Called and got nav check 5k, called 3days later uped it to 10k and added wife as joint holder and bump to 15k, took 3 pulls for that stunt. Should have done 15k the first time.

Re: What Do They Consider To Many Inquiries?

Sparkz1920 — Fri, 26 Oct 2012 18:12:22 GMT

Wow....I just asked for an increase....another hard pull I guess lol

Re: What Do They Consider To Many Inquiries?

jsickz32 — Fri, 26 Oct 2012 18:25:22 GMT

and im mad i have 4 HPs from NFCU...

Re: What Do They Consider To Many Inquiries?

Duncanrr — Sat, 27 Oct 2012 05:08:42 GMT

Maybe all their hard pulls is their way of making sure you just bank with them.