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  1. #1
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    Default How Many Hard Inquiries Is Too Many?

    I finally got approved for a credit card yesterday after getting denied for 3. So I have 4 hard inquiries now, is that too many?
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  2. #2
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    I got approved for my first card after my fifth inquiry, so no. They don't hurt as much if either of the following conditions apply:

    1. You are new. When your credit gets pulled on a small report, it does not affect scoring as much.
    2. You make multiple inquiries in a very short period, such as 14 days. In 45 days, it may look troubling, as you're desperate to get credit, but in a span of 1-2 weeks, it appears as if you were just shopping around.

    What hurts is if you open a card, then a month later start a bunch more inquiries, makes you look desperate for credit.

    In short, don't worry about it, but keep your card for now, and wait a good 6-8 months before applying for more credit.
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  3. #3
    Green Member phanio's Avatar
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    Quote Originally Posted by smc333 View Post
    You make multiple inquiries in a very short period, such as 14 days. In 45 days, it may look troubling, as you're desperate to get credit, but in a span of 1-2 weeks, it appears as if you were just shopping around.
    Yes - in a short period is keey. The credit agencies know that people shop around and if you can keep it to around three pulls in a short period - then they nwill consider tham as a single pull in their scoring.

    What matters more is the amount of credit you have avaliable and how much you use.
    Business Loans and Capital Sources
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