topic Re: How many inquiries are too many? in Understanding FICO® Scoring

How many inquiries are too many?

NYFan63 — Fri, 27 Jun 2014 20:57:43 GMT

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....

Re: How many inquiries are too many?

Anonymous — Fri, 27 Jun 2014 21:44:57 GMT

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

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

Re: How many inquiries are too many?

vanillabean — Fri, 27 Jun 2014 22:49:11 GMT

@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."

Re: How many inquiries are too many?

CreditGuy03 — Fri, 27 Jun 2014 22:53:52 GMT

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

Re: How many inquiries are too many?

NYFan63 — Sat, 28 Jun 2014 00:38:59 GMT

Thanks

Re: How many inquiries are too many?

MidnightJester — Sat, 28 Jun 2014 14:47:05 GMT

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