Question about hard Inquiries

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TheLethargicAge
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Question about hard Inquiries

Postby TheLethargicAge » Wed Aug 07, 2013 10:44 am

Do lenders ignore hard inquiries that are over 6 months old? What if you have hard inquiries for CLIs, do they count those against you? Or should you just worry about inquiries if you're credit is less than excellent?
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)


MemberSince99
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Postby MemberSince99 » Wed Aug 07, 2013 12:17 pm

I think it just depends on the lender as well as you. It's always YMMV. Every lender is different and they treat us all different too I've noticed.

I do know most of the time anything older than 6 months doesn't weigh strongly. But if your overall profile is good, even having a lot of inquiries won't hurt you. A lot of people say Amex is inquiry sensitive, but I've never seen that - they've never declined me for inquiries and I have what can probably be called a lot of them. I think if your credit is excellent inquiries are not as serious.

Now US Bank on the other hand did decline me for inquiries. They are known to be uber sensitive.

But it's always a case of YMMV - others had fewer inquiries than I did and got declined for Amex so to me Amex doesn't appear inquiry sensitive, but to others they squawked about 3 inquiries when I had 3 times that many.

TheLethargicAge
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Postby TheLethargicAge » Wed Aug 07, 2013 3:19 pm

Thanks for your input, MemberSince99.

I guess they must look at the date of your most recent inquiries and then check if you opened any accounts on or around those dates.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)



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