In today’s credit-based culture, a good credit score can mean a great rate and a bad one can mean you're fresh out of luck, even for a new job. With more companies performing soft inquiries to determine employment eligibility,

2. Credit Inquiry vs. Credit

3. In today’s credit-based culture, a good credit score can mean
a great rate and a bad one can mean you're fresh out of luck,
even for a new job. With more companies performing soft
inquiries to determine employment eligibility, it's more
important than ever to maintain a good credit score- but, that
means understanding what contributes to your credit score,
and what you have control over in terms of trade, debt, or
inquiry.

4. Using information from TransUnion, Equifax and Experian,
FICO compiles your credit information onto one report, and
portions of your score depend on how reliable you are, if you
always make your payments on time and if you have had
credit products for many years without incident. But, each
credit inquiry on your file also plays a key role.
Keeping in mind that soft inquiries such as you checking your
own credit won’t impact your score, not all inquiries are soft
inquiries and most credit checks stick around.

5. Credit Inquiry Represents
(Potential) Debt

6. Because an inquiry is a request for information by a company
which you have requested credit from (or in the case of a debt
collector, owe money to) it represents either potential debt or
potential credit. Lenders must assume that any recent inquiry
could represent monies owing, and the longer the list, the
more likely that each new inquiry is an attempt to get credit
meaning that you represent a likely repayment risk.

7. Any more than 1-3 inquiries in a 6 month time period is too
many, and could potentially lower your credit score even if
everything else on your bureau is in good standing. For this
reason, if you are planning on buying a new house or car, or
will soon need a large loan, you should make a point to avoid
credit inquiry by electing not to apply for new credit cards,
small loans, or phone plans that require a credit check.

8. If it's already too late, your only option will be to stop
applying and to wait six months or if you’re in a hurry, have
your unwanted inquiries removed by the professionals at
Inquiry Busters.

9. If you attempt correcting your credit on your own and the
businesses you contact refuse to remove inquiries, don't
respond, or provide what they feel is sufficient evidence of
your consent, tryInquiry Busters. In most cases, what it takes
to remove inquiries is persistence and if you don't have the
time to follow-up, you might not see results.

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