A credit inquiry is created when a financial institution, bank credit card or authorized service pulls or accesses someones credit report.  There is a record created in a credit report of each time the borrower, a lender or a potential lender obtains a copy of the consumer’s credit report.  Credit inquiries, especially multiple inquiries, may negatively impact an individual’s credit score.  If an individual were to apply for a credit card, in order to have the credit card application approved the credit card company will access the applicants credit report and therefore make a credit inquiry.

Tags: , , , , ,

No user commented in " Credit Inquiry "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)