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How are Business Inq weighted when applying for credit?

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AzCreditGuy
Valued Contributor

How are Business Inq weighted when applying for credit?

Just realized I have 5 inq on my Business credit and 1 for business information inq and wondering how much weight does that hold? Meaning what are the effects of having 6 INQs on the Business? I dont plan on appying anytime soon for CCs but was going to see about a Buss Auto loan

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JoeRockhead
Community Leader
Super Contributor

Re: How are Business Inq weighted when applying for credit?

With Experian Business, they are weighed pretty heavily based on a 9 month time line, with zero being excellent, and anything over 4 applications or inquiries being considered on the excessive side and in turn has a significant impact on your business score. There seems to be no difference or further threshold than 4+. Although you could be still rated in the moderate to low risk category with this amount of inquiries, you could possibly see a swing of up to 60 points or so, and on a scale of 0 to 100 with all other scoring metrics within good parameters, that's pretty significant. I can't answer as to how D&B or Equifax treats these, or what their scale or time line is.

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AzCreditGuy
Valued Contributor

Re: How are Business Inq weighted when applying for credit?

Over the weekend I was aletered that I had another INQ on the Buss side from Duns, I am unsure why B of A did 2 inqs now? They pulled it Friday and again on Sun?

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