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Guys I’ve messed up - don’t judge

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Anonymous
Not applicable

Guys I’ve messed up - don’t judge

I honestly don't know why, but I have a had a really hard time not going on applications breeze and now I am up to something like 54. I know I need to stop, I have promised myself no more, but I'm just wondering, you know how some companies will dispute inquiries for you (for anything you weren't approved for, so legit accounts aren't shut down). 
since I have some thing like 20 accounts over the last two years, I'm wondering if I could get those other 34 inquiries removed, is there any legitimate or I suppose ethical way to do that? Or should I just ride it out and wait the two years before they fall off? I really don't have the money to pay a company a bunch to do this. Please don't judge me for this question, I think all these inquiries are really holding my score back because I have a perfect payment history now minus one little thing that's coming off this year I settled on, and my utilization is below 7%. 
And I guess my last question is, is it true that after one year and inquiry does not affect your credit score anymore, or is it two years? Because most of the denials I'm getting are because of too many inquiries and I just need to learn my lesson finally.

11 REPLIES 11
Brian_Earl_Spilner
Credit Mentor

Re: Guys I’ve messed up - don’t judge

All the inquiries are not holding your score back. After you get so many (profile driven) you stop being dinged for them. In my case, that number is nine. What it will hold back is approvals due to excessive credit seeking unless you have a very strong profile. You gain the points back after 1 year, they're deleted after 2. It's nearly impossible to have an inquiry removed. You have a better chance of having the lender recode it if it was an error or misunderstanding. In your case, the chances of either is basically zero. 

    
Message 2 of 12
Anonymous
Not applicable

Re: Guys I’ve messed up - don’t judge

I would direct you to the FICO Forums Credit Repair Discussion Guidelines, and specifically to the paragraph which states:

 

"The only credit repair discussions allowed in FICO Forums are ones that exchange information on how to correct or remove real errors from your credit report – not accurate information that you want to get rid of because it may be negatively affecting your credit score."

Message 3 of 12
GatorGuy
Valued Contributor

Re: Guys I’ve messed up - don’t judge

As stated, it is unethical to get accurate inquiries removed.

 

They are unlikely to move your score much because you'll still have 20 inquiries. Also it is most likely the new accounts showing that is the biggest anchor.

 

After a year they are not scored but CC companies can still see them and deny for them. 

 

Message 4 of 12
Remedios
Credit Mentor

Re: Guys I’ve messed up - don’t judge


@Anonymous wrote:

I honestly don't know why, but I have a had a really hard time not going on applications breeze and now I am up to something like 54. I know I need to stop, I have promised myself no more, but I'm just wondering, you know how some companies will dispute inquiries for you (for anything you weren't approved for, so legit accounts aren't shut down). 
since I have some thing like 20 accounts over the last two years, I'm wondering if I could get those other 34 inquiries removed, is there any legitimate or I suppose ethical way to do that? Or should I just ride it out and wait the two years before they fall off? I really don't have the money to pay a company a bunch to do this. Please don't judge me for this question, I think all these inquiries are really holding my score back because I have a perfect payment history now minus one little thing that's coming off this year I settled on, and my utilization is below 7%. 
And I guess my last question is, is it true that after one year and inquiry does not affect your credit score anymore, or is it two years? Because most of the denials I'm getting are because of too many inquiries and I just need to learn my lesson finally.


*Companies* that would do frivolous disputes and lie on your behalf cannot be discussed here.

 

Additionally, I think you're sorely mistaken in thinking that removal of inquiries would lead to more approvals, you would still be left with 20+ accounts, which is really a total deal breaker. 

If you've learned your lesson like you said, you will stop applying, and inquiries will become unscorable during that time, and if you're able to do what would be the best for you, wait till they drop off. 

This level of credit seeking has consequences, and no company can help you with that. 

 

Message 5 of 12
FinStar
Moderator Emeritus

Re: Guys I’ve messed up - don’t judge


@Remedios wrote:

@Anonymous wrote:

I honestly don't know why, but I have a had a really hard time not going on applications breeze and now I am up to something like 54. I know I need to stop, I have promised myself no more, but I'm just wondering, you know how some companies will dispute inquiries for you (for anything you weren't approved for, so legit accounts aren't shut down). 
since I have some thing like 20 accounts over the last two years, I'm wondering if I could get those other 34 inquiries removed, is there any legitimate or I suppose ethical way to do that? Or should I just ride it out and wait the two years before they fall off? I really don't have the money to pay a company a bunch to do this. Please don't judge me for this question, I think all these inquiries are really holding my score back because I have a perfect payment history now minus one little thing that's coming off this year I settled on, and my utilization is below 7%. 
And I guess my last question is, is it true that after one year and inquiry does not affect your credit score anymore, or is it two years? Because most of the denials I'm getting are because of too many inquiries and I just need to learn my lesson finally.


*Companies* that would do frivolous disputes and lie on your behalf cannot be discussed here.

 

Additionally, I think you're sorely mistaken in thinking that removal of inquiries would lead to more approvals, you would still be left with 20+ accounts, which is really a total deal breaker. 

If you've learned your lesson like you said, you will stop applying, and inquiries will become unscorable during that time, and if you're able to do what would be the best for you, wait till they drop off. 

This level of credit seeking has consequences, and no company can help you with that. 

 


Adding to the above @Anonymous, if you are drawn to something that would undoubtedly be grounds for temptation, then perhaps a break from the forums is in order.  This is typically the first step toward some accountability for actions that can have the consequences already shared by others.  Unfortunately, the questionable shortcuts or methods you described can have the tendency to backfire.

 

Let time and 🚫 applications do their thing.

Message 6 of 12
SoCalGardener
Valued Contributor

Re: Guys I’ve messed up - don’t judge

In addition to the excellent comments above, how about this? Freeze your credit bureau reports. Immediately.

 

That way, if you get the urge to apply for something again, the inquiry won't go through unless you actively and consciously take action to let it, i.e., unfreeze the credit bureau(s) being used.

 

That's not foolproof, but at least it'll give you pause. Maybe the inconvenience of having to unfreeze your accounts every time you want to apply for something will be enough to remind you that, no, I really don't want to do that!!

Amazon Prime Store CardAmerican Express Blue Cash Preferred CardAmerican Express Everyday CardBank of America Customized Cash VisaCapitalOne Quicksilver MastercardCapitalOne Quicksilver VisaCapitalOne Walmart Rewards MastercardChevron Texaco CardCiti Double Cash MastercardDiscover More CardJCPenney Gold MastercardOverstock.com CardSportsmans Guide Rewards VisaSynchrony Home Card
Message 7 of 12
ChargedUp
Senior Contributor

Re: Guys I’ve messed up - don’t judge

Put all your reports on ice and leave them that way for at least 2 years. You've got a solid base for creating a good, thick file but now the *only* thing you need to do is allow time to go by while using the cards you have responsibly and making your payments timely. By the end of a couple years, you'll likely be able to get some nice CLI's on your existing cards as well! From that point forward, only go after a couple cards every 6 months at the MOST, while limiting your acquisitions to cards that are truly useful to your spending patterns. After about 5 years, your profile will be nice and thick and you may be able to play around a little more, but you've got to make it to that point first.

 

I get that this place can drive people to hit the app button. The approval section is kind of like seeing people that have won something and it's natural to want in on the gamble. But the long you wait between apps, the better your odds are on grabbing the proverbial plastic prize. I've had to pry myself away from this place a few times when the temptation was growing greater than I knew was good. I generally only take in 1-2 new accounts every 6 to 9 months at this point. I know I could likely pull in a few more, but I don't want to tank my AAoA and moreso, I don't want to make my current lenders nervous.

 

We do have The Garden section here, which is a credit healthy hangout where we talk about pretty much anything and everything that DOESN'T involve new accounts or anything which would result in a HP (Obviously, TOS comes into play as well.) There's good people in there and anyone on here is welcome to come join in.

 

There's no disputing legitimate inquiries. What's done is done and there's no legal way of removing them early. On the bright side is that they're only scoreable for a year and in two, they'll all be gone.

 

Best wishes and good luck!

Message 8 of 12
cr101
Established Contributor

Re: Guys I’ve messed up - don’t judge


@ChargedUp wrote:

Put all your reports on ice and leave them that way for at least 2 years. You've got a solid base for creating a good, thick file but now the *only* thing you need to do is allow time to go by while using the cards you have responsibly and making your payments timely. By the end of a couple years, you'll likely be able to get some nice CLI's on your existing cards as well! From that point forward, only go after a couple cards every 6 months at the MOST, while limiting your acquisitions to cards that are truly useful to your spending patterns. After about 5 years, your profile will be nice and thick and you may be able to play around a little more, but you've got to make it to that point first.

 

I get that this place can drive people to hit the app button. The approval section is kind of like seeing people that have won something and it's natural to want in on the gamble.


LOL Yep. That's why I try to avoid the app section. Happy for ppl who got approved, but need to avoid the temptation.

 

OP, it would be nice to see who approved you after x inquiries. Would be interesting to see who may not be so sensitive to inqs. Would also be interested in seeing what you got approved for with each cc if you don't mind sharing. So, something like this:

07/01 AMEX - $1000

07/02 Discover $2000

 

ty, and best of luck on your journey. I've been there. Just work on showing the creditors that they did the right thing entrusting you with your limits. 😊

Message 9 of 12
jmw1
Frequent Contributor

Re: Guys I’ve messed up - don’t judge

With that title, I thought you went ballers and accumulated $150k in debt buying handbags and jewelry.  Glad to see it's no big deal in the grand scheme. Two years seasoning and it's gone for good. Lenders have their own algorithms for negatively weighing inquiries and credit seeking behavior.  Scores going up as the inquiries age isn't an indication that the lenders will be more forgiving.  Don't app any more until all of them are gone. 

Message 10 of 12
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