I noticed that one of the reasons that lower the credit score is 閳ユ涪oo many recent credit inquiries閳? So, how many inquiries in a month the credit bureau will consider it as 閳ユ涪oo many recent credit inquiries閳? Does it lower the score by 5 pts. each inquiry?
How many inquiries in a month the credit bureau will consider it as 閳ユ涪oo many recent credit inquiries閳?
If you personally check your own credit score it should not lower your score at all.
If you have it checked by credit card companies, lendors or creditors a lot, two things happen:
1. the act of checking or %26quot;running%26quot; your credit does lower it a few point each time it is checked.
2. more importantantly the act of having your credit %26quot;run%26quot; by credit card companies, lendors or creditors shows that (1) Most of the creditors you apply to deny you and that is why you keep applying places and (2) you are over using your credit, already have enough credit cards, enough loans, etc., and you are not a credit worthy person to future potential creditors.
For more information see http://www.how-is-your-credit.info/
How many inquiries in a month the credit bureau will consider it as 閳ユ涪oo many recent credit inquiries閳?
Too many is more than 2 per year !!! Yes, that few !
It lowers your score by 20-30 points.
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