I see people in this forum talking about racking up 10+ inquiries in a few months, and here I am freaking out over having 8 in 2 years, and of that 4 in the last year and due to drop off in 3-6 months. Am I being a bit over the top then or should I worry?
Like with everything else, it depends on the lender. My last approval was gotten with 19/24
Also keep in mind that after so many inquiries they barely register as far as scoring is concerned, some even get no score drops on their reports. Just as @Brian_Earl_Spilner said it depends on how lenient the lender is with regards to HPs. Some like Citi and US Bank are more strict on having a cleaner profile while others it won't matter as long as everything else on your reports checks out
Huh well, thats interesting. I seem to be pretty good. I keep getting offered a BBVA card and I was thinking of pulling the trigger but was a bit concerned with my inquiries. Of course I also need to check the card out but there you go lol
Yeah, but I also have a thick file. Oldest account is 22 years and my AAoA is around 13-14 years.
and feel like its murdering my score..
Yes, your inquiries are probably holding down your scores quite a bit... I've tried to keep mine at 3 or less per bureau, but I went on a spree in late 2018 so racked up much more on EX and EQ (some on EQ due to CLI requests) than what I'm comfortable with. TU only has one inquiry.
My scoreable (less than 12 months) inquiries on EX are finally down to 3 and the scoreable ones on EQ are down to 5 -- The difference in my EX and EQ scores is fairly large (EX 767 | EQ 734); both reports are identical with exception of the number of inquiries.
Inquiries affect individual profiles differently -- but just to give you an idea based on my profile:
From EX 746 ➝ 755 when I went from 5 ➝ 4 scoreable inquiries
From EX 761 ➝ 767 when I went from 4 ➝ 3 scoreable inquiries
So those 2 inquiries were worth 15 points on my profile.
I'll see how my EQ score responds to 1 inquiry becoming unscoreable on 1/3, and another on 2/23; so I'll be down to 3 scoreable inquries on EQ at that point...