I was only denied once for too many inquiries even with a 780+ score; that was with the credit card for MLife Rewards; when I spoke to the credit analyst they said they don’t like more than 2 inquiries no matter the score.
1 Like
It all counts the same in your score.
Even this is our context — assuming this is the lowest of 3 bueaus for one FICO score?
It’s going to depend on the brand you are leasing at the time and what they use. In FICO V8, right now, 740 is the magic number (but mostly because of how the score distributions currently fall, which changes).
But agreed, once you get/keep your score at a certain level, it’s just there to be abused (within reason).
I think so far this year I will have something like 14.
1 Like
Is that true even when the pulls are spaced more than 30 days apart?
I know Chase has that 5 / 24 rule for inquiries - I’m sure some lenders are obnoxious about it too
1 Like
If you read (like a day of replying on 4xe threads)
You would know the answer
I almost made that joke at OP - they could open two Chase cards right now.
People think a captives credit check is:
If (score > ?) { is_approved(); }
Score is one of the first thing checked to decide to keep checking (or not): number of trade lines, credit utilization, age of bureau/trade lines, those are all things they can care about (or not).
Hard pulls or soft??
I was like…ok your loss!
1 Like
I haven’t noticed it affect my score (I currently have about 15 hard pulls in the last 2 years and my scores are between 805-820), but I can totally understand if a lender takes into consideration the number of inquiries when deciding to approve a loan or not. The score is just one piece of the overall creditworthiness of an applicant. Some lenders might get spooked if there are too many inquiries or short-lived accounts (both of which can easily be explained by the issue I have of not keeping a car lease longer than a few months 
).
1 Like
What I was referring to might be slightly more nuanced, or perhaps I missed it in that thread way back when. What I was referring to is when a dealer screws up a lease contract and the leasing company bounces it 30+ days later. If that leasing company then says they need to pull credit again because the previous report is more than a month old, I have a feeling that still is viewed as a second inquiry.
It’s only nuance is the “your score is not your bureau”.
You see all the inquiries on your bureau, and you might have three instead of two.
Your score is a point-in-time, calculated from what’s in your bureau (one in this case with 3 pulls).
In the newer scoring models (8 and 9) they consolidate against the trade-line that was opened (or not). Not to say it might not affect you this minute if you try to lease again from someone using v2 (which is disappearing fast, and it’s a very small ding if any) — and with the number of leases you go through, I can’t imagine it doesn’t go to an analyst 99% of the time (who approves it in under 5 minutes).
Chase (for instance) should only count those inquiries as one of your 5/24, though everything they do is a dark art that people only gossip about, as @Benedetto mentioned.
Pretty sure the Chase 5/24 rule applies to actual credit cards issued. The idea is that Chase along with a number of other issuers that also use the 5/24 rule was to cut down on the number of people who were churning credit cards for the sign up bonuses.
1 Like
Somewhat related
1 Like
That’s new credit card accounts, not inquiries.
This isn’t true. Often they have no impact at all on your FICO scores.
2 Likes
Learn something new everyday.
1 Like
Seems to decrease …
Well, it either does or it doesn’t. 
This is an observation that virtually no one actually makes directly.
In order to know the actual impact, you’d have to pull the same bureau and obtain the same score model immediately prior to someone else, and then compare the results.
No one does that. They observe a new score sometime after the inquiry and compare it to the last score obtained at some point in the past, and attribute the delta to the inquiry.
But over the same time period, existing trade lines have been updated with new balances, payment histories have been updated, and everything on the report has aged.
You may have even lost one or more old trade lines (I recently noticed that my very first mortgage is no longer reporting, but I have no idea when it dropped).
1 Like
Yeah…thats the trick.
Using the (what may be useless) Credit Karma daily
score model, with my frequent lease inquiries but no other changes it seems like the hard inquiry from the dealer and leasing company may have been a 3 point hit but no way to know for sure…