Do Multiple Inquiries Hurt My Credit Score?
When it comes to inquiries, there are two different kinds and only one type will
impact your credit score in a negative manner.
There are soft inquiries and then
there are hard inquiries.
When you access your...
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Do Multiple Inquiries Hurt My Credit Score?
When it comes to inquiries, there are two different kinds and only one type will
impact your credit score in a negative manner.
There are soft inquiries and then
there are hard inquiries.
When you access your own credit report it is classified as a
soft.
Those inquiries are only viewable by you and will not show up when lenders or
creditors pull your credit.
They also have no affect on your credit score.
You can pull
your own credit multiple times a day and your score will not drop.
When you apply
for credit and the finance company pulls your credit that is classified as a hard
inquiry.
These will be shown to other companies when they access your credit, and
will typically drop your credit score a few points.
Too many inquiries in a short
period of time will have a negative impact on your score and many creditors will
deny an application if there are too many inquiries on your credit report.
Hard inquiries will remain on your credit
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