want to love my credit Posted January 24, 2013 Report Share Posted January 24, 2013 How many hard inquiries is too many and will look bad when you try to get a mortgage loan? Since we are trying to raise our credit we have recently gotten a small personal loan and applied for 2 credit cards (approved for one but not the other). All together over the past 2 years and most of these are more recent in the past 6 months Equifax 4 hard inquiries, Transunion 3, Experian 6. Are these high numbers to have and will it affect our chances of getting a mortgage loan in the next few months? Link to comment Share on other sites More sharing options...
admin Posted January 24, 2013 Report Share Posted January 24, 2013 Good question. I don't think that applying for two credit cards is going to significantly decrease your chances for a mortgage. As counter-intuitive as it may seem, credit scores are improved when you apply for and receive new credit. However, six hard pulls sounds like a lot. One thing you might try is to talk to loan officer and ask them specifically this question. You don't have to give them your credit information for a call like this. They are on the front lines and may be able to answer this general question for you. 1 Link to comment Share on other sites More sharing options...
S. Louis Blisko Posted January 24, 2013 Report Share Posted January 24, 2013 Here's a tip for the future. When you are going to shop for car or house loans. Pull your 3 in 1 report with scores. Print and take with you. They (car or mortgage co) will tell you they will have to pull one of their own before "final" approval but you can get an up or down based on the one you printed. I've done this for more than 20 years and only let the one I ultimately do business with pull their own. This keeps inquiries to a minimum and saves time. Link to comment Share on other sites More sharing options...
admin Posted January 24, 2013 Report Share Posted January 24, 2013 The way your credit is scored - All pulls for mortgages within a 30 day period count as one. Just FYI. The same holds true with auto loan inquiries. 1 Link to comment Share on other sites More sharing options...
want to love my credit Posted January 25, 2013 Author Report Share Posted January 25, 2013 One of the 6 inquiries was actually a collection angency Link to comment Share on other sites More sharing options...
want to love my credit Posted January 25, 2013 Author Report Share Posted January 25, 2013 Is there way to get some of these taken off? Link to comment Share on other sites More sharing options...
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