Credit Inquiries and New Accounts 101…A Refresher
Credit Inquiries and New Accounts 101…A Refresher Auto Loans by John Ulzheimer Share Share Email There are several reasons you apply for credit: 1) to take advantage of a special offer for a credit card; 2) to purchase a home, auto, boat, etc and 3) because you need additional credit to pay your bills. Most […]
How Do Hard Inquiries Affect Your Credit Report?
How Do Hard Inquiries Affect Your Credit Report? Credit for Beginners by David B. Coulter Share Share Email Unless you’re using a credit monitoring service like SmartCredit®, you might only be using your one free credit report a year from each of the three main credit reporting bureaus to stay up to date. Lenders and […]
How Many Points Are Credit Inquiries Worth in Your Credit Score?
How Many Points Are Credit Inquiries Worth in Your Credit Score? Credit Monitoring by John Ulzheimer Share Share Email “John, I read online that each inquiry lowers your credit score by 3 to 5 points. Is that true? I’ve also seen 12 points and I’ve seen zero points. Why are there so many different answers […]
How Much Do Credit Inquiries Impact my Credit Scores?
How Much Do Credit Inquiries Impact my Credit Scores? Credit Monitoring by John Ulzheimer Share Share Email Credit inquiries occur when a company pulls your credit report, which is usually the result of you seeking credit. The company name, their industry (i.s. auto, mortgage) and the date they reviewed your credit report are listed on […]