Credit Inquiries 41

[Strogen]

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@Anonymous wrote:

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@Strogen wrote:

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@Anonymous wrote:

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@Strogen wrote:

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@Anonymous wrote:

thanks ,whats you fico scores right now ?

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All three are floating around ~700-710.

That being said, about 10 of my inquires are auto related since I got two new cars in the last year. 

Funny how they really dont care about inquires when doing auto loans. Got me into a 22K loan when I only made 36K a year. 

Thank God I totaled that car and crawled out from under that loan in one piece. 

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Hope you're okay from the accident. But I have a question..so lets say 10 are from auto loan shopping that leaves 31 inquiries. Are they all for CCs? any denials? did you have to recon alot after a certain number of inquiries?

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I had to recon my BoA travel rewards back in november. He was like I see the inquiries but nothing negative on your report. So he approved me for 5K. 

The thing is, with Chase, BoA and SyncB I have extensive history going back to 2010 with perfect payment history. I know with Chase this weighs heavily and the BoA call rep mentioned my perfect history as well. 

With Chase the approvals have always been automatic and instant. Same with SyncB products. 

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Any trouble opening a barclaycard? I hear they aren't very forgiving with multiple new accounts

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Yup, I already had a basic barclay reward card from April 2014 with a 2K limit when I applied for the Arrival + or whatever but recon shot me down multiple times.

They said I basically had too many new accounts and to reapply when it could be shown that I could manage the accounts. 

I didnt understand why they were saying that because I have cards form 2010 and perfect payment history all around. But yeah, Barclays doesnt appreciate new accoutns or inquires. 

[takeshi74]

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@Anonymous wrote:

I have 41 credit card inquires over last year . Went a little credit crazy how much will it affect my credit card approval chances. 

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All we can tell you is the general info:

Depends on your credit and the creditor.  If you have a thin profile you'll run into inquiries cited as a reason much more likely than if you had a thicker profile.  If the creditor is conservative then they are more likely to be concerned about how much you're seeking out new credit.

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@Strogen wrote:

I didnt understand why they were saying that because I have cards form 2010 and perfect payment history all around

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 However many new accounts you have is too many for them with your credit profile.  That's why.  The other stuff doesn't change how many new accounts you have.  Again, seeking out new credit can be a risk factor.