Credit Checks: What are credit inquiries and exactly how do they influence your FICO ® rating?

Credit Checks: What are credit inquiries and exactly how do they influence your FICO ® rating?

When you make an application for credit, you authorize those lenders to inquire about or “inquire” for a duplicate of one’s credit file from the credit bureau. You may notice that their credit inquiries are listed when you later check your credit report. The inquiries that are only count toward your FICO Scores are the ones that be a consequence of your applications for brand new credit. Continue reading “Credit Checks: What are credit inquiries and exactly how do they influence your FICO ® rating?”