Seeking Credit is a term I am sure you are familiar with.
My grandfather always said credit cards are for people that don't need credit.
Think about that for a moment.
Pissed me off too.
Are all of your inquiries from credit card apps, or were you maybe rate shopping for a loan - like home or auto?
An inquiry will affect your scores for exactly 365 days from the date incurred. When they age to the 365 day mark, they become unscoreable and any points lost are returned to you. However, they remain on your reports, as a record, for a full 24 months (25 months on Experian).
You have far too many inquiries. Depending on how many of them are under a year old, they could costing you 30+ points. We cannot determine how many points exactly because each profile responds differently to how an inquiry is weighed.
If they are all from applying for revolving credit, you need to stop applying at least until they all age a year - but waiting til most or all fall off completely would likely be best. Excessive credit seeking behavior not only suppresses your scores, but is an easy denial reason for most lenders.
Hard to say, but that is a lot of inquiries. I hope those aren't all from applying for just credit cards. In any case, I think after a certain point, additional HPs stop lowering score.
@Anonymous wrote:I currently have 30 inquiries on TU 40 EXP and 35 EX
How much of hit is this taking on my scores? Currently my scores are TU 575 EX 565 EXP 575. All inq. Are hard hits.
Please help? If anyone has suggestions about getting them off credit report?
If you don't mind, I have to ask... What were the circumstances that generated so many inquiries? I honestly get anxiety if I ever have more than one or two! 