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> Can you open too many accounts?
ppc
post Apr 4 2009, 11:45 PM
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My chex report is clean but just wondering if you can be denied for having opened too many accounts? What's the policy on that?
 
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Googie
post Apr 4 2009, 11:45 PM
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The MoneyMaker

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From: Mountain Home, CA Member No.: 1


 
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Credit Please
post Apr 5 2009, 09:24 AM
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Self-Proclaimed Georgia's Queen of CB

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Yes, too many (6 inq) in I believe a 6 month time frame will cause you to be chex flagged and will shut down all your new accounts. I believe 6 is the magic number.


IPB



Credit Please aka CP1
 
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ppc
post Apr 5 2009, 11:48 PM
Post #3


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QUOTE (Credit Please @ Apr 5 2009, 10:24 AM) *
Yes, too many (6 inq) in I believe a 6 month time frame will cause you to be chex flagged and will shut down all your new accounts. I believe 6 is the magic number.


Hi,

Can you explain to me this process? Chex contacts the banks and tells them that I applied for more than 6? From what I understand, the banks only look at chex when you initially apply.

Thnx
 
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