Inquiry Question?????

[BobbyJ]

Hello,
When a financial institution says "too many inquiries" are they referring the the inquiries on your CR for the entire 2 year span or is it for just those within 1 year?  I see people posting that they were denied a card for as little as 4 inquiries on the CR and I was curious.

Thanks,
BJ

[llecs]

IME, it varies. I've been denied for a CC for too many inquiries (with no other denial reasons posted) just for having one solitary inquiry that was 6 months old with no others reporting. I've certainly have been approved for CCs while having an inquiry inside of 6 months. I've never been denied for too many inquiries over 12 mo. old, though. Every creditor is different and each have their own standards or guidelines.

[Anonymous]

if the sole reason is too many inquiries then yes they are reffering to the two year period.

inquries only last 2 years....so if a lender sees 6+ inquiries

it looks like your just out applying for credit. however, that is a mediocre reason for denial in my opinion so depending on the bank it can be an easy recon if that was their only reason for denial

so which bank was it?

[BobbyJ]

Hi, Thanks for the info.  I havent been denied, but I was noticing on the boards that others were being denied for very few inqs so I was curious to know what the standards were.  I personally have 1 inq on TU, about 11 on EX and 7 on EQ so other than the new inq for joining PSECU for the free EX scores, I will not be applying for anything else for quite some time.

BJ

[Anonymous]

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@BobbyJ wrote:

Hi, Thanks for the info.  I havent been denied, but I was noticing on the boards that others were being denied for very few inqs so I was curious to know what the standards were.  I personally have 1 inq on TU, about 11 on EX and 7 on EQ so other than the new inq for joining PSECU for the free EX scores, I will not be applying for anything else for quite some time.

BJ

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SOUNDS GOOD

[Anonymous]

IDK... I think depending on the company they judge them on 6 and 12 months... I have never had that as a reason for denial if they were all over 12 months old.

The only exception to that was Chase I believe they seem to look at the whole 2 yrs.

[Anonymous]

I think companies are more sensitive about the last 6 months more than anything and most only pull one CRA. I also firmly believe more than 3-4 on any CRA great reduces the chance of an instant approval.

[BobbyJ]

Thanks Mordaane, someone else mentioned that they like to see very few inqs for instant approvals.

[Anonymous]

Deleted to avoid conflicts of interest.

[Anonymous]

mordaane, it must be something about the south I am in FL and it seems everyone pulls EQ here too, when I lived in MI everyone pulled TU.

My question is does that really work "bumping inquiries" the reason I ask is I have an EQ product and soft  and hard inquiries are separated, so it doesn't seem like it would work the way it sounds like it's supose to.