How many pulls is a lot?

[darkfrosty]

Amex told me I had too many inquiries and so other stuff. On the experian report they pulled it showed having 3 hard pulls initiated by me for the three cards I have gotten this year. And then a bunch of pulls that wasnt intiated by me (soft pulls?). Is 3 pulls a lot? I believe I also have 1 hard pull by discover on my EQ as well. I was going to ask chase for a CLI but unsure if having 3 hard pulls is too much ?

[enharu]

It depends on how thick or thin your file is. What were your other reasons for denial?

[darkfrosty]

pretty thick .. oldest is 14 years ... AAoA is 9 years

I have a loan i co-sgned like 10 years ago which had one negative which im trying to get removed

utilization is under 9%

[enharu]

Can you list the reasons for denial in the order they gave u? Your file is very thick

[LisaJ]

I had two HPs on Amex and got approved with them with a much younger AAoA. Did you recon? How recent were the HPs?

[darkfrosty]

number of accounts deliquent .. which is that 1 bad from 3 yeard ago .. all other are in good standing 

proportion of loan balances to loan amount is too high (cousin is paying this off next month)

insufficient number of satisfactory accounts ( everthing is fine on the experian report) I have 18 accounts on the report in good standing?

too many inquirys in the last 12 months ( only 3 hard pulls on experian report) ?

[darkfrosty]

all the hard pulls were this year ..

chase freedom (3/16)

american express platinum (1/31)

citi mastercared (4/2)

all approved

[youngandcreditwrthy]

Weird....
That's not a lot....
Bet the main reason is that baddie, get that baddie removed in 60 days, and you can request them to re-eval it, and have the CRA send them a new report.

[indiolatino61]

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@darkfrosty wrote:

Amex told me I had too many inquiries and so other stuff. On the experian report they pulled it showed having 3 hard pulls initiated by me for the three cards I have gotten this year. And then a bunch of pulls that wasnt intiated by me (soft pulls?). Is 3 pulls a lot? I believe I also have 1 hard pull by discover on my EQ as well. I was going to ask chase for a CLI but unsure if having 3 hard pulls is too much ?

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This question never seems to have a definite answer. It is always YMMV. I have read posts like yours that say too many inquiries where there are 5 or less, and others where they have been approved for a BCE with 14 inquiries. I did not app for the BCE/BCP because I have 10 inquiries, so I decided to app in January when the inquiries will all be >a year old.

[enharu]

The system has to generate 4-5 reasons each time, and sometimes you are declined just because of the top few or #1 reason on that list. I wouldn't pay too much attention to the number of inquiries that they listed.

that delinquent account is the main reason you got declined, and your high util is the 2nd biggest factor. Those 2 added up probably accounted for 90-98% of why you got denied