topic Re: How many inquiries is considered a bit much? in Understanding FICO® Scoring

How many inquiries is considered a bit much?

Anonymous — Sat, 07 Dec 2019 00:15:16 GMT

I see people in this forum talking about racking up 10+ inquiries in a few months, and here I am freaking out over having 8 in 2 years, and of that 4 in the last year and due to drop off in 3-6 months. Am I being a bit over the top then or should I worry?

Re: How many inquiries is considered a bit much?

Brian_Earl_Spilner — Sat, 07 Dec 2019 00:31:45 GMT

Like with everything else, it depends on the lender. My last approval was gotten with 19/24

Re: How many inquiries is considered a bit much?

simplynoir — Sat, 07 Dec 2019 01:25:25 GMT

Also keep in mind that after so many inquiries they barely register as far as scoring is concerned, some even get no score drops on their reports. Just as @Brian_Earl_Spilner said it depends on how lenient the lender is with regards to HPs. Some like Citi and US Bank are more strict on having a cleaner profile while others it won't matter as long as everything else on your reports checks out

Re: How many inquiries is considered a bit much?

Anonymous — Sat, 07 Dec 2019 03:28:48 GMT

Huh well, thats interesting. I seem to be pretty good. I keep getting offered a BBVA card and I was thinking of pulling the trigger but was a bit concerned with my inquiries. Of course I also need to check the card out but there you go lol

Re: How many inquiries is considered a bit much?

Brian_Earl_Spilner — Sat, 07 Dec 2019 05:57:28 GMT

Yeah, but I also have a thick file. Oldest account is 22 years and my AAoA is around 13-14 years.

Re: How many inquiries is considered a bit much?

Anonymous — Mon, 09 Dec 2019 07:30:44 GMT

From my understanding, BBVA is neither new account nor inquiry sensitive.

Hard Pull stories

elixerin — Wed, 11 Dec 2019 02:43:28 GMT

how many hard pulls is just way too much? i have 18 on experian, 9 transunion and 14 on equifax at 19 years old with only three credit cards (Apple 5k, AMEX CM 4k, Disco 2k)

in my pursuit of better cards at one point to just getting a bit more rewards i applied a ton in the beginning of my history (1y 1mo now) for the “big guys” and got denied a lot and feel like its murdering my score.. 10EXP, 4TU, 9EQ over the last 12 months.. some of which my mom went a bit crazy but owell.. what do you guys recommend i go about? how many inquiries do yall have >.>

Re: Hard Pull stories

AllZero — Wed, 11 Dec 2019 03:01:02 GMT

Personal preference. I like single digit inquiries per bureau myself.

Re: Hard Pull stories

thornback — Wed, 11 Dec 2019 03:32:58 GMT

@elixerin wrote:
and feel like its murdering my score..

Yes, your inquiries are probably holding down your scores quite a bit... I've tried to keep mine at 3 or less per bureau, but I went on a spree in late 2018 so racked up much more on EX and EQ (some on EQ due to CLI requests) than what I'm comfortable with. TU only has one inquiry.

My scoreable (less than 12 months) inquiries on EX are finally down to 3 and the scoreable ones on EQ are down to 5 -- The difference in my EX and EQ scores is fairly large (EX 767 | EQ 734); both reports are identical with exception of the number of inquiries.

Inquiries affect individual profiles differently -- but just to give you an idea based on my profile:

From EX 746 ➝ 755 when I went from 5 ➝ 4 scoreable inquiries

From EX 761 ➝ 767 when I went from 4 ➝ 3 scoreable inquiries

So those 2 inquiries were worth 15 points on my profile.

I'll see how my EQ score responds to 1 inquiry becoming unscoreable on 1/3, and another on 2/23; so I'll be down to 3 scoreable inquries on EQ at that point...

Re: Hard Pull stories

elixerin — Wed, 11 Dec 2019 03:37:06 GMT

thanks for the reply thorn, helpful insight

looks like ima be stuck with these three ccs for two years 😂

Re: Hard Pull stories

thornback — Wed, 11 Dec 2019 03:42:52 GMT

@elixerin wrote:
thanks for the reply thorn, helpful insight

looks like ima be stuck with these three ccs for two years 😂

LoLz... 😂 not necessarily.

Just wait for them all to age exactly 365 days so they no longer count against your score (it just takes 2 years for them to actually fall off). Then, you can apply again but keep it to a minimum -- try only adding 1 card every 6 months and see if you can space them out across the 3 bureaus (research the lender first to get a better idea of which bureau they may pull).

While you wait... join us in the Garden for emotional support -- we're all there for the same reason - no new apps to let our new accounts / inquries age and our scores recover.

Re: Hard Pull stories

Anonymous — Wed, 11 Dec 2019 03:45:06 GMT

Put the brakes on with the credit seeking and take what you have and try for credit line increases with your 3 cards.

Re: Hard Pull stories

thornback — Wed, 11 Dec 2019 03:46:19 GMT

@Anonymous wrote:
Put the brakes on with the credit seeking and take what you have and try for credit line increases with your 3 cards.

**Soft Pull credit limit increases only**

Re: Hard Pull stories

Anonymous — Wed, 11 Dec 2019 03:49:22 GMT

Wow..

I have 3 Tu 2 Eq 2 Ex 2 and question if this is going to hurt a CLI attempt in 6 months. I feel this is too many! Perhaps my standard of too many is way too tight.

I'm new to credit learning but Yes, I would say your are done for quite some time. That amount of Inq and your age is likely to scare off any new lender that has any sort of risk management.

Re: Hard Pull stories

elixerin — Wed, 11 Dec 2019 03:49:27 GMT

thanks for the replies guys, will be going for amex 3x come jan 9, apple card isnt reporting so not much help there(will still ask eventually), Disco is stalemate as hecckk but meh they did just 4x my secured limit to unsecured in july so i cant complain too much

Re: Hard Pull stories

elixerin — Wed, 11 Dec 2019 03:52:03 GMT

3 inquiries and gardening till dec 2021.. wish i was as diligent as you LOL ill probably be back after a year haha

Re: Hard Pull stories

Anonymous — Wed, 11 Dec 2019 04:01:10 GMT

@elixerin wrote:
3 inquiries and gardening till dec 2021.. wish i was as diligent as you LOL ill probably be back after a year haha

I can wait it out. Got annoyed being denied twice for too short of credit history so want that to be resolved hopefully. If something like chase freedom offer comes in the mail I might have to break this.

Re: Hard Pull stories

Anonymous — Wed, 11 Dec 2019 06:47:46 GMT

IMHO, I would prefer 2 every 12 months to 1 every 6 months. Why? So I get the AoYA points and have a better score for apping.

Re: Hard Pull stories

thornback — Wed, 11 Dec 2019 06:55:57 GMT

Yep. This is very true - and the best app method. Good point.

@Anonymous wrote:
IMHO, I would prefer 2 every 12 months to 1 every 6 months. Why? So I get the AoYA points and have a better score for apping.

Re: Hard Pull stories

Anonymous — Wed, 11 Dec 2019 07:12:47 GMT

I'm just usually guilty of a few more than 2..... but really I've pretty much got everything I wanted, so I suppose its garden time.

ps edit, Plus looks better not to have a new account <12 months to prospective lenders, maybe better SL, too!