topic Re: should i apply or stop.28 inq in General Credit Topics

should i apply or stop.28 inq

Anonymous — Mon, 17 Nov 2008 00:44:19 GMT

i have 28 credit inquires showing on my credit report.this inquires are all less than 20 days old.is this really affecting my credit score?.which credit card company will approve me if i apply for a credit card?

Re: should i apply or stop.28 inq

Anonymous — Mon, 17 Nov 2008 00:50:29 GMT

Well out of those 28 application did you get approved for anything?

Take it from my experience you need to stop right now cuase most companies will flat out deny when they see 28 resent inquries your not gonna win this game believe me.

Message Edited by mjbfan79 on 11-16-2008 06:50 PM

Re: should i apply or stop.28 inq

llecs — Mon, 17 Nov 2008 00:50:10 GMT

I have 30-something on EX and it doesn't bother me. One member has 56+.

The law of diminishing returns comes into play with inquiries, baddies, etc. Yes, there's damage, but after a while it doesn't matter anymore. Most if any points lost were of those with FICO, not FAKO, scores in the 700s and up.

IMO, don't worry about the count. Nothing you can do anyway.

But stop apping. Pull each FICO score and compare yours to others in here to see what you can or can't get approved for. Look at sites like whogavemecredit.com to compare too.

And keep all of your denial letters. Fix whatever needs to be fixed and app again in the future. Repair then rebuild.

Re: should i apply or stop.28 inq

Anonymous — Mon, 17 Nov 2008 06:58:27 GMT

The bigger question is ..... what are you going to do with 29 credit cards? Oh, the misery.

Re: should i apply or stop.28 inq

Anonymous — Mon, 17 Nov 2008 08:25:55 GMT

It all depends (fat lot of help I am!). I was declined by Amex because of 2 recent inq's, yet in the past couple of months I've added another 8 cards with out a problem or comment about the number of inquiries or new accounts, but the inq's are fairly spread out among cra's.It will depend on who pulls what, how your credit looks, how thick your credit report is. A company that 'usually' pulls TU can turn around and bite you in the **** if it pulls your worst cr. If I were you, I'd let the dog sleep a few months, at least until the economy shows signs of a little more stability.

Re: should i apply or stop.28 inq

Anonymous — Mon, 17 Nov 2008 18:14:43 GMT

@Anonymous wrote:
The bigger question is ..... what are you going to do with 29 credit cards? Oh, the misery.

I was thinking the same thing.... stop the madness!

Even if half of those inqs were approved, you'd have 14-15 new accounts. Managing that many can be difficult and it's easy to get in over your head with debt.