This is an article that will discuss inquiries which are an entry on a credit report that shows a business has requested a copy of the report. “Hard” credit inquiries happen when a business checks your credit report because you’ve made an application for credit. On the other hand, “soft” credit inquiries are made by businesses that you already have a relationship with. Removing inquiries from your credit report can help you in the credit repair process.
Are you trying to get a credit card with a really good rate? You may have been shopping around for a while so that you can get the best possible deal. Chances are, you may have found a few different cards that you like, but there were a couple of things that you did not like about each one. Sometimes, you will find one that you like but you have to pay an annual fee. Other times, you will find one with no annual fee but there will be really high late charges or other miscellaneous fees.
However, you should not be applying for all of these cards. Looking through all of the terms for each one of them is one thing, but applying for all of them is another. Were you aware that making a number of inquiries could actually hurt your credit score? Well, it can and could actually end up doing quite a bit more damage than you would think.
The truth of the matter is, every single time that you apply for a credit card or inquire about any type of a loan or store credit, the information will show up on your credit report. This is called a “hard inquiry”. Many times, people will apply for different kinds of credit while they are completely unaware that the inquiries are going against their credit score. It is actually too bad that this information is not given to these individuals up front so that better choices may be made. Removing these can help when it comes to credit repair.
Another common misunderstanding is that a requesting a copy of your credit report can actually hurt you. However, this type of an inquiry is called a “soft inquiry” and should never count against your credit score
