Originally Posted by
tzoom84
I wanted to bring this thread back up for a quick question. I'm trying to determine what is "ok" for number of recent inquiries.
I'm currently at 9 due to credit cards and a few mortgage hunts in the past few years.
What's considered "TOO HIGH", or what do most of you run at on your credit reports? 4? 8? 12? higher?
Well, it depends. Do you have 9 inquiries with the SAME credit bureau? If that's the case, it may be considered too high, especially if many of the inquiries were in the last 6 months (or 12 months), depending on the issuer.
As an example, I had 5 inquiries within 6 months on my EQ credit profile, and I was denied for Chase credit card for "too many inquiries" despite having a 790 credit score, great history and utilization, NO debt, and already being a Chase credit card holder. I had to call Chase to be reconsidered, and was eventually approved for the card after explaining that a number of inquiries were due to auto loan shopping.
My personal feeling is that you can typically ask for reconsideration--with companies such as Chase, Citi, and PenFed--if you have many recent inquiries due to auto loan/mortgage shopping. But if you've have a lot of recent inquiries due to credit card sign-ups, issuers will be less inclined to let you slide. YMMV.