Are credit inquiries still important?
In the last few years, there has not been as much talk about credit inquiries and if they mean as much as they used to. Do credit inquires still matter at all?
Credit inquiries still do matter, and can matter a great deal. However, in general, credit inquires probably do not matter quite as much as in the past. Some of the reasons are that credit loan officers have become quite comfortable with credit inquires and take them a bit less seriously compared to in the past.
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If the number of inquiries greatly affects the score, then they will be taken quite seriously.
However, in general, loan officers will take the inquiries and the type of inquiry into context within the request.