How Many inq is to many to be apping??

PowerInNumbers4 · ‎01-21-2015

i have between 6-8 HP on each credit reporting agency .

1# Can i still safely app without inq being an issue at all or do i need to wait until some of them fall off?

2# How many should i have fall off before apping.

3# how many do you have to have before you should just close down the apping period? i;m just wondering what that danger zone is?

Anonymous · ‎01-21-2015

What kind of apps are they? Are they CC, Auto, mortgage?

PowerInNumbers4 · ‎01-21-2015

Thank you for your reply,

If i do apping it would be for credit cards. 2-3 of my current hp are from CC the others are from auto loans and mortgage loan.

NRB525 · ‎01-21-2015

@Anonymous wrote:
What kind of apps are they? Are they CC, Auto, mortgage?

+1

OP how long ago were the HP? Did you get any CC out of them? Denials?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

PowerInNumbers4 · ‎01-21-2015

i was accepted for discover and QS1 in november 2014 thats 2 hp and a mortgage pull in october. and no pulls a year prior to those.

NRB525 · ‎01-21-2015

Ok, so almost no recent inquiries. The visibility of the INQ declines soon after 6 months, to my understanding.

And, just as important, no indication of issues in apping since the recent apps were successful.

With careful selection, you are fine.

Good luck!

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

PowerInNumbers4 · ‎01-21-2015

Thank you for taking the time to reply. i appreciate your help.

ecxpa · ‎01-21-2015

Who knows as it depends on the lender.........some are ultra conservative and stop considering you when you have a lot of inquiries. Others look at the applicant in entirety and see how they have handled what credit they have and ignore inquiries. I was approved for 25K fm NFCU and a 10K LOC back in December......this month I got 28K CSP....(but I do have a LONG history with Chase) they pulled EX and I have over 50 inq less than 2 yrs old.

Some say lenders look at the previous 6 mos, others say 12 mos......some just look at the total showing. If you have the income and scores I would apply for whatever I wanted and if denied I would then recon. Good Luck

Anonymous · ‎01-21-2015

@ecxpa wrote:
Who knows as it depends on the lender.........some are ultra conservative and stop considering you when you have a lot of inquiries. Others look at the applicant in entirety and see how they have handled what credit they have and ignore inquiries. I was approved for 25K fm NFCU and a 10K LOC back in December......this month I got 28K CSP....(but I do have a LONG history with Chase) they pulled EX and I have over 50 inq less than 2 yrs old.

Some say lenders look at the previous 6 mos, others say 12 mos......some just look at the total showing. If you have the income and scores I would apply for whatever I wanted and if denied I would then recon. Good Luck

How did you get so many INQ on EX?

PowerInNumbers4 · ‎01-21-2015

thank you for the reply ,

I agree, unfortunately my scores are just okay at this time, my income is doing alright 120k. but i tread carefully due to the fact that i had a BK 2 years ago. Discover was ok with it and i didn't burn any CC in it. maybe i'll just wait for my score to come up a bit and give it a shot later in the year.