A hard inquiry, however, credit score online Lexington can lower a consumer's credit score under certain conditions. A hard inquiry occurs when a credit report is requested by a lender considering a new loan or other parties who may have judgments or liens against the consumer. When a credit report is requested by a court or the IRS, for example, a potential lender may be more reluctant to offer the credit score online Lexington best interest rate or the credit score online Lexington maximum loan amount. Credit bureaus do understand that a number of hard credit score online Lexington inquiries connected with housing or car loan applications are not unusual, credit score online Lexington so when a credit report is requested by more than one lending company for the same purpose within days of each other, it credit score online Lexington is often counted as only credit score online Lexington one hard inquiry on the credit report. Whenever an invitation for an credit score online Lexington unsolicited credit card arrives in the mail, there is always the possibility that the sender did make credit score online Lexington an inquiry into the consumer's credit status. free credit report request Fortunately, when a credit report is requested by an outside interest without the consent of credit score online Lexington the consumer, the inquiry is not usually counted against the consumer's credit score.
Inquiries are supposed credit score online Lexington to remain on a consumer's credit report for up to two years, although many lenders are primarily interested in the number of inquiries made in the last six months. Applying for too many credit cards or store accounts in a short period of time can make a consumer look desperate in the eyes of lenders, credit score online Lexington especially if many of those requests have been turned down. In short, when a credit report is requested by the consumer himself or in response to an existing situation with a creditor, there should be little to no effect on credit score online Lexington credit scores. free company reports If there are too many inquiries in a short amount of time, the credit bureau may see that as a negative and lower the consumer's credit credit score online Lexington score several points.
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