topic Re: Do I have too many inquiries? in General Credit Topics

Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 19:41:58 GMT

Please help FICO gurus! Should I stop applying now and wait? If so, then how long?

Do I have too many inquiries? What is too many?

My inquiries are:

August 26, 2007 Bank Of America American Express ( $3,000 pre-approved offer on their website, but when applied recieved a 30 days review notice )

August 23, 2007 Washington Mutual ( approved $2,500 line, cash withdrawal unknown, maybe at least 20 % like described in terms letter ? )

August 16, 2007 E Loans Inc ( not approved for a car loan, asked $10,000 )

August 14, 2007 Capital One Auto Fin ( not approved for a car loan, asked $30,000 and thought they would just set their own limit )

August 09, 2007 Citi ( approved $2000 line and $2000 cash withdrawal Citi Platinum Plus)

March 19, 2007 Bank Of America ( AMEX BOFA not approved )

February 17, 2007 Dell Financial Services ( $1,500 line at 29.99% but 0% APR for 12 month new XPS deal that's why I took it, got a bump to $2,500 limit last week , probably after 6 month usage and review , thought I never asked for it )

September 22, 2006 Advanta ( don't even remember that one but looks like an impulse apply online or something )

May 23, 2006 AT&T Mobility ( told to put up a $500 deposit for a new mobile phone line) I declined to sign up, I use my father's account for the last 7 years, so I decided not to get my own at that time.

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:08:20 GMT

so you have 9 total on which CR's?

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:15:50 GMT

Let's take it as on all, because I am not gonna pull it right now just to see who's got what. So all of them.Is it too much?

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:19:18 GMT

it really isn't that many, especially if it is spread accross all three--although I have a feeling TU or EX has the majority of them, in which case those reports will be more effected by the inquries. You don't use truecredit.com and pull all three of your scores every day?

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:38:11 GMT

I thought that true credit has FAKO scores and not FICO. I don't use it because it's not real FICO.

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:43:25 GMT

It really depends on who's looking.

Looking at my TC I have 12 inqs on TU- these are all within 1 months timeframe.
The only one who denied me was Best Buy for too many inqs. GEMB denied me because they just don't like me.
I've gotten store/gas/reg cc

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:45:07 GMT

use it for other info--don't just look at the numbers, look at all three of your credit reports. It will tell you what inquiries are on what report. You can also pull it DAILY. You see all three reports each day for $15 a month--that is an extremely good deal. Use truecredit to search your report for errors on all three agencies DAILY, then use MYFICO to buy FICO scores once in awhile.

Most people here use truecredit for daily credit monitoring of all three CRA's. They don't do it for scores, they do it to monitor daily changes to all reports.

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 20:48:12 GMT

TU does use FAKO,
but you can monitor all 3 reports daily for a pretty good price.

Then you pull your real fico every now and then if you think you're gonna need it.

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 21:02:03 GMT

Thank you all for reply. I guess nobody knows what's too much and what's not. Everyone's situation is different. I just wonder why do i have a 30 days review from last night applying. I wonder if it's a sign of too many inq. in the last 3 weeks.

Re: Do I have too many inquiries?

sl — Mon, 27 Aug 2007 21:06:58 GMT

I read somewhere that more than 3 in a 12-month period makes a person look like they are desperate for credit.

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 21:11:27 GMT

yeah something like high achievers only have 1 every 2 years or something--well that's certainly not me--I have 7 in the last 2 years. The impact will lessen over time though...after 6 months I hear, and have amost no effect after a year

Re: Do I have too many inquiries?

Anonymous — Mon, 27 Aug 2007 22:17:55 GMT

TU-4

EX-6

EQ-3

Theses are the inquiries. I just checked on truecredit.com.

So, what do you think? no BOA AMEX for me yet?

Re: Do I have too many inquiries?

Anonymous — Wed, 29 Aug 2007 00:58:44 GMT

I just got approved fo BOFA AMEX at $500 ( the lowest i ever got on the card ). So i think that the score matters.

Re: Do I have too many inquiries?

Anonymous — Wed, 29 Aug 2007 16:44:45 GMT

well, humpty-dumpty. i was just approved for an AMEX Delta at $2,000 limit.

bummer. I thought that after boa amex slaped me with 500 limit, I wasn't gonna get a good deal. i guess it pays to inquire. I got like 10 within the past 2 weeks already.

so I got 2 now, amex delta $2000 and amex boa $500

Re: Do I have too many inquiries?

Anonymous — Wed, 29 Aug 2007 17:25:36 GMT

montana wrote:
well, humpty-dumpty. i was just approved for an AMEX Delta at $2,000 limit.
bummer. I thought that after boa amex slaped me with 500 limit, I wasn't gonna get a good deal. i guess it pays to inquire. I got like 10 within the past 2 weeks already.

so I got 2 now, amex delta $2000 and amex boa $500

What are your scores, if you dont mind me asking?

Re: Do I have too many inquiries?

Anonymous — Wed, 29 Aug 2007 17:59:00 GMT

TU-689

EQ-657

EX-633

They pulled EX my lowest score.

Message Edited by montana on 08-29-2007 10:59 AM

Re: Do I have too many inquiries?

Anonymous — Wed, 29 Aug 2007 22:45:28 GMT

UPDATE :

I called the BOFA today ( they ran an inquiry this morning on me with TU - my best scroe of all 3 ) and they upped the limit on my BOFA AMEX Rewards to a $1,000. So I guess it's been worth the phone calls I made to BOFA.

Thanks to all who reads and replies to my posts.

I also got APPROVED for $2,000 limit AMEX GOLD DELTA today.

They said at BOFA that it's their own money they put up for the limit and not the AMEX. Hence the tight lending standards.

Re: Do I have too many inquiries?

Anonymous — Sat, 08 Sep 2007 20:16:59 GMT

UPDATE:

Just called the number on the back of my new Delta Skymiles card and converted to AMEX Blue Cash. Same terms as Delta Skymiles ( APR, CL, etc.). I told them about our forum so that their supervisors will read that we may cancel AMEX cards upon FR fairy knocking on our doors. I think if more people show them that we won't tolerate FR, they will take a notice and ease up on cardmembers in good standing.