Thursday, October 21, 2010

THERE ARE 2 TYPES OF CREDIT INQUIRIES

HARD inquiries will affect your credit score and occur when you apply for new credit. SOFT inquiries occur when your credit repot is requested by you, a prospective lender, or a current creditor conducting a periodic review of an existing account. Inquiries have a small impact on your score and are often addressed last in credit repair.

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