How Sensitive are Creditors about Inqs and New Accounts over time?

[StuckOnCredit]

Does anyone know how sensitive some creditors are about inquiries? New accounts? For instance, does Citi care about inqs or new accounts that are 6 months old? Cap 1? Amex? When do certain creditors stop caring, 6 months? 12 months, or do some of them hold it against us for the full 2 years?

 

I have gotten Cap 1 Ventures with a 15 inqs on Ex, 5 on Eq and 3 on TU and a lot of new accounts when they pulled the reports. Does that mean they don't care about inqs on 1 of the 3, or are they doing some kind of averaging since they pulled all 3?

[Guest]

For some creditors, ONE INQ has been cited as a reason for denial. (As in.. one too many.)

 

It varies by creditor, widely, from what I gather from here!

[StuckOnCredit]

Wow! Thank you for replying.

[loops77]

I've noticed that approvals start to slow down after 5 or 6 consecutive inquiries...auto-approvals stop..an underwriter has to look at your app etc. However, it seems like you can start getting approvals again after your accounts

age for 3 months..and I'm sure bumpage helps.

[shifter]

Inqs not much. Unless they are so recent as to indicate the possibility of a bunch of new accounts opened but not reporting yet.

 

New accounts, most places look at the last 12 months.

[StuckOnCredit]

Thank you for the replies everyone. I was just trying to figure out how long I should wait before trying with Citi; guess I won't be applying for a long time since my last spree was last month.

[shifter]

Sprees are recommended

 

at 6 month intervals.

[StuckOnCredit]

Ok, thanks Shifter. 6 months sounds much better than the year I had in mind.

[takeshi]

It varies by creditor, widely, from what I gather from here!

...and by one's credit. X inquiries and/or Y accounts could be a concern for person 1 with creditor A but not with person 2. Don't just assume it's all about the creditor.

Edited November 24, 2014 by takeshi

[Guest]

 

It varies by creditor, widely, from what I gather from here!

...and by one's credit. X inquiries and/or Y accounts could be a concern for person 1 with creditor A but not with person 2. Don't just assume it's all about the creditor.

Yes. +1

 

It varies by creditor, widely, from what I gather from here!

...and by one's credit. X inquiries and/or Y accounts could be a concern for person 1 with creditor A but not with person 2. Don't just assume it's all about the creditor.

Yes. +1