I guess no one really knows????
When you are declined for a credit card and the reason is too many inquiries, then you have too many inquiries 
credit4me wrote:I see alot of talk on here about too many inquiries. What is considered too many?
uhhhhhmm, I've got too many...
Between a refinance, a lowes denial, couple cc denials, a CU Line of Credit and about 5 or 6 cc inq's that DID got me cards, I have about 6 to 12 inquiries depending on which CR you look at. All in the last 12 months, most in the last 6 months.
While these are definitely hurting my scores, my score has still been inching up and up due to a lot of other positive influences. As long as I let them age and add no new ones (ok, maybe one more new one for that amex delta sky 
) my score should start easing back up.
) my score should start easing back up. My EX recently went up 37 points , but at the same time my EQ went from 624 to 623, I think due to inq's and/or new tradelines. And my EX has about 5 or 6 brand new inquiries on it due to CC chasing. THREE OF THEM because Chase banged me three times, once for the card, and twice more when I kept bugging them for a CLI
, but at the same time my EQ went from 624 to 623, I think due to inq's and/or new tradelines. And my EX has about 5 or 6 brand new inquiries on it due to CC chasing. THREE OF THEM because Chase banged me three times, once for the card, and twice more when I kept bugging them for a CLIBut after the Amex Delta Sky MIles I am done, no really, I quit
The general wisdom is to not be afraid of an inquiry (or two or three) ding, unless your really counting each point for something you need in the very near future, as they age off fairly quickly.
Hope that helps
Live Long & Prosper,
ctRob
re large number of inquiries...
With my HUGE number of inq's, tax lien, two paid charge offs, lots of new TL's, scores of eq 609, tu 648, & ex 657 I applied for the Delta Sky this morning....... 60 second approval....
60 second approval....
Your credit line of $2000 will be available after you receive and activate your Card.
You will receive your new Card within 10 days.
OK, I'm done, no really, I mean it this time, no more cards, Honest...
Live Long & Prosper,
ctRob
Message Edited by ctrob on 08-10-2007 04:52 AM
Congrats....
ctrob wrote:re large number of inquiries...Live Long & Prosper,ctRob
Message Edited by ctrob on 08-10-2007 04:52 AM
Until the next card of course............
Enough said....
When my TU showed 44 inq's I think I was at the too many point....now I started appling again when I got it down to 7....