For example, maybe now you have so many new hard inquiries that you won't get approved for more credit. (uponarriving.com)
Each application means a new hard inquiry appears on your consumer report, which further suppresses scores, and sends out a red flag. (growingfamilybenefits.com)
This could be for a number of reasons, such as the fact that you have a new hard inquiry on your reports or because you now have a new loan or credit card with no history of payments yet. (myfico.com)