What does too many inquiries in the last 12 months means?

Answer 1

"Too many inquiries in the last 12 months" typically refers to multiple credit checks initiated by lenders or financial institutions when you apply for credit, such as loans or credit cards. Each inquiry can negatively impact your credit score, as it may signal to lenders that you are seeking too much credit or may be a higher risk. Generally, having several inquiries within a short timeframe can raise red flags in your credit profile. It's often advised to limit applications for new credit to maintain a healthier credit score.