     Patricia Holly (Househunting) | Wednesday, February 07, 2001 - 03:49 pm 
I ran a search but came up empty on this question. What is the cutoff for number of inquiries before it hurts your score? Is it the total number for the last 24 months or segmented out by past 12 or 6 month intervals?
I have about 4 or 5 for the past 24 months is this a problem? |
| Erik (Erik) | Wednesday, February 07, 2001 - 05:13 pm
Reason Code #8 or #T5 for NextGen:
"Too many inquiries last 12 months"
I just got 5 new inquiries today (got a target card, 2 citibanks, maybe a chevron, and denied on discover). I'm shocked I got the citibank cards. I've heard that credit card inquiries are always counted separately but I still try to lump them together. I hadn't applied for anything in the previous 4 months. I'm also not planning on buying a house anytime soon though.
I think inquries over 12 months probably don't affect your scores at all. 4 or 5 in one year doesn't seem too bad to me but I'm sure it has an effect. |
| Don (Don) | Thursday, February 08, 2001 - 04:34 am
I don't know about the Fico impact, but I can also tell you this: i've been flat out turned down and told that it because of more than 8 inquiries in the last year. I know that this cannot be not a hard number but over the last three years two seperate places have told me that. And both did use the number 8.
One place was my credit union which does not use Fico scoring. The other was a finance compnay where I just wanted to add onto my existing loan and at that interest rate didn't care about Fico. |
| Christine Baker (Admin) | Wednesday, February 14, 2001 - 07:30 pm
I say the IDEAL number of inquiries is ZERO.
Short of that, the older they are, the less impact, and only the last 12 months are looked at for credit scoring. |
| Patricia Holly (Househunting) | Thursday, February 15, 2001 - 07:14 am
So, zero in the past 12 months? or zero the past 24 months? |
| Christine Baker (Admin) | Thursday, February 15, 2001 - 11:28 am
Since scoring only looks at the last 12 months from the date of the score that's all that counts. |
