How Many Credit Inquiries Is Too Many? – Credit Card Insider

hello John thanks for this video thanks for this video farewell done. my question is how often should you ask for a credit limit increase on your credit card? is it once a year twice a year or not at all?

Hi John, thank you for the video! I do have a question. I basically have
no credit but I have liquid assets that I developed for some time. For
years I've been declined credit cards even secured cards. I finally get
approved for my first credit card after almost 15 years worth of
attempts. This card is actually unsecured from Bank America. This is a
blessing and opportunity to not only get a credit score but improve it
to a considerable score. What is the best way to use the card to develop
the best score?. I've been getting conflicting suggestions. Someone
said use all the credit line on a purchase and pay the minimum balance
on the billing statement til paid off then I talked to someone else and
they told me I should make a purchase, any type of purchase and pay the
full amount of the balance on the next billing statement and before the
due date , almost like using like a debit card. Any ideas? Also my
credit union has an offer for a secured loan with a $1000 minimum credit
line. Is it a good idea to add this along with the bank of America
credit card? I wanted to start them at the same time and diversify the
type of credit lines I have and pay on and possibly help my score
faster. I hope this makes sense,

Hi I'm new to your channel I'm Miguel. I'm going to keep it short and sweet as possible.I have 21 inquiries on transunion 21 inquiries on equafax and like 4 on Experian I was did apply for credit and was looking to get a car an did not end up getting a car. My question is if my get them removed from my credit report does one inquiry equals 5 points? In my case I have with all 3 credit bureaus I have 46 inquiries if I get get removed would do a great impact on my credit score? Thank you and hope to hear from you soon

Hey John G. Thanks for writing back. And sorry if I got you confused there. Let me break it down for you I was car shopping but dint end up getting a car all I got was a lot of inquiries on my credit report. When I was referring about get the inquiries removed by sending letters to the credit bureaus to remove them since I dint end up getting a car at all. And one last thing like I said before I got 21 inquiries from equafax, 21 from transunion and 4 inquiries from experian do I add all of those and that would be the numbers in total of inquiries I have or what? I'm going to leave it for you if you can help me since your the expert like I said I'm new to your channel I like your videos and just want to learn more about credit thank you.

I have, on average, a 6 - 9% utilization every month. I pay off the full balance for each of my cards monthly. My question is, is it worth it to apply for 15 cards NOW at present time so I can build a solid foundation for the future? The way I see it, it's an initial hit to my credit score, but the benefit is my AAoA will be rock solid in the future, and I'll have 21 cards (the minimum value Credit Karma ranks for what they consider great).

I'm a college student looking for my first credit card. I have no credit history. I just applied for a student card from Capital One today but got denied right away, so I was thinking about applying for a secured credit card instead to build up my credit. Is it ok to apply for it now or should I wait a few months? I just want to ensure I get approved this time.

With a fair or good credit score what's the reasonable amount of depart store cards or credit cards I can apply for to build my credit without it hurting my score?

I don't get it what's a hard inquiries exactly I'm new to all this but idk I use credit carma and saw 4 hard inquiries. One Verizon but I use my deb card to pay that. Also my deb bank their as a hard inquiry why. And how can I take them out.

Is there a multiple on how much credit can be issued compared to ones income? I.e. 1x or 1.5x gross income?

How bad is it if one applies for a credit care but is rejected?

How often should I apply for new credit cards?

I've heard that getting multiple hard inquiries in just a weeks time will only count as one hard inquiry. Could you verify the validity of that?

Asking because I went to apply for a secured card at my bank (with no credit history) and they said they might be able to get me approved for an unsecured card. I said sure and was obviously denied. The next day I applied for a secured card. Will I have two hard inquires?

Thanks

Just another doubt .
Has about 12 inquires in the last two years , which includes 6 in the last month .

All the 6 got rejected and my Equifax score dropped to 550.

Will it be possible to increase it 750+ in 12 months span by keeping utilization below 10 percentage, paying bills and not applying to any other credits ??

Why do credit unions take a hard credit hir when opening a checking account?

I have a pair of cards only used when extremely needed and pay off within a week is this a good way of getting a nice score or something else for me to do?

I got bombarded with inquiries when just looking at cars. Filled out form told guy I am just looking today. Next thing I know I have 6 on my report and letters almost daily from lenders denying me. Geeze! Credit score dropped drastically.

Okay if you have something on your credit report that's in collections and you pay it off how long does it take to clear and does it clear off your credit report? And how long should I wait before I apply for anything else?

Blablabla no real answers

When should you merge a credit card. They are from the same company

I have recently removed 12 negative items from all 3 credit beurues, my transunion was 667 and I owe nothing now on all 3 credit reports. I was denied for a target card and my score went down immediately 21 points so what your saying with it not impacting your score is not entirely true!!! I have zero positive credit and that's why I was denied unreal I owe nothing and almost a 700 score and was denied. Can I dispute it? I was told I would get it 100 percent by the people at target that's the only reason I did it.also when I apply for sky Visa that does not have a hard Inquiry but since i have moved so much none of my info matches the credit beurues, like mainly my address. So when you get accepted it will say fund me and if your stuff from the credit beurues dont match it will tell you that they need more info after they take your 200 bucks.i need positive credit what can I do,please help me.

I have been educated by Lexington law on credit and have learned so much,but looking for ways to add positive credit,paying rent? Michael's furniture store I heard does no credit check's and reports to all 3 credit beurues, anything else u can think of without a hard inquiry?

the q is how much . 1.2.3.4.5.

I have a quicksilver one card with a $5000 limit and a $39 fee.
I just got a discover it card with a $6500 limit no fee. My goal is to have two rewards cards with no yearly fee ore foreign transaction fee. How long should I hold the fee card for before I apply for another no yearly and foreign transaction fee and cancel the yearly fee card ore should I just leave things as is for a couple of more years.

What does serious delinquency mean on your Credit report?..

I applied for a card thru journey score 653 PT job and student and I got denied was told there would be a soft pull they did a hard pull and my score drop too low they lied and it showed up on my score I want to tell people journey credit card are liars they do hard pull and it affect your score.

I applied for a secured credit card first time I was denied after a week I applied again I was approved. But my credit was pulled twice by same credit card company. Is that right or can I Dispute it?

When all the inquiries fall off my

report does my score go up again ?

I did that this year for the holiday- 15 hard inquiries but I told myself before this video to stop.
That it’s enough,
Because I want them all to fall off in 2 years.
I don’t need inquiries on my credit.
But also all I had before was one credit card but whatever I use- I’m going to definitely pay off first.

I have a 731 credit score with 25 inquiries

I have73 on my report right now

Background info: I am not in financial distress nor will i be in the near future. I am joining the military and plan on making 3 diff credit inquiries in a short amount of time (like one week)

The first is a “career starter loan” of 25k just so i can get furniture and dishes and things when i move out of my parents house

The second is a military credit card , my uniforms will be 3k but u save 10% on first day purchases when u use the card so I’ll be taking advantage of that.

The third is a car loan. Lets call it 15k

I have a 750 credit score and great habits (no lates, etc)

How bad will these three inquiries wreck me, I have no doubt that I will be approved for all of them and I also have no doubt that I will be able to make the payments that need to be paid... however... 3 inquiries in a week?!?.... what should i expect?

I pay all my cards off on time. I applied for chase business card was denied because not having a bank account with them or business history since sole business owner. I didn't know this until after applying for 2nd chase card in 2 days. So on the 3rd day applied for marriot personal card. Was denied. Forgot I was at 5/24. 4th day I applied for Citi thank you card denied because of 2 many inquiries. Talk with reconsideration line. Said bank policy said I had 2 many inquiries
I asked how much is 2 much. Wouldn't say. Also explain the 3 cards they didn't care. What to do?

This is good video for me. I had applied amex 4 months ago and i tried it again this month still got denial and they just showed my past record from my last application. They don’t saying anything else than that. Should i wait for another 6 months or can no longer get it?

I raised my credit score to about 640 Last week and old debt came back to haunt me now my credit score is less than 500

Hay dear sir I have good credit and I go to like a 5 car dealership handrick Nissan to finance a car that time I don’t now butt he run my credit I think I have like 5 or 6 inquiries in my credit and know I go to dealership they not give me a car butt I still have good credit score so please tell me what can I do ?

Why do inquiries stay on your report if your approved? They should be immediately removed if approved.

I have 7 in the past year. Is that a lot?

So it’s actually not bad ?

Actually never answered the question... the very title of the video.

You forgot an apartment

This is my first year of credit I have 5 inquiry is that bad

I have 11 hard inquires. But none in the past 3 years that are still being tracked in Transunion. Will mortgage lenders look at those inquires i did 3 years ago and determine me as a risk? I heard they like to see at least 24 months of a clean reporting

I had a bank check if I can refinance my mortgage loan and it affect my credit 7 pts if I have another bank check my scores within 24hrs will that affect my credit much? I’m shopping around for a better deal on refinancing

That’s good info but you didn’t answer that guys question

HELPPPPPPPPPP!!!!!!! I GOT 9 CREDIT ENQUIRIES AND NONE OF THEM ARE MINEEE!!!

How can anyone get credit without inquiries? Double edge swords. Young adults need to get inquiries to build credit

Aye fren you still answering questions

Yes my Credit Score has been in 700’s for good while I recently open a new credit card and my points drop like 6 points why is that
I make all my payments on time I’m never late

A credit union said I was denied because of too many inquiries last 12 months. 2 for experian, 1 for equifax, and 2 for Transunion on my credit reports. My Experian FICO credit score was 781.

ahead of your time