Soft inquiries happen when a lender checks your credit for a pre-approval offer, or when you check your own credit report. These are harmless and don’t affect your credit score. Hard inquiries are different. They happen when you apply for credit—like a loan, credit card, or mortgage. H...
Understanding the different types of credit inquiries is crucial to managing your credit effectively. There are two main types: hard inquiries and soft inquiries. Hard inquiries occur when you apply for new credit, such as a credit card, auto loan, or mortgage. Soft inquiries, on the other ha...
Throughout this guide, we will explore the process of disputinghard credit inquiries, from understanding the nature of these inquiries to gathering evidence and engaging with the credit bureaus. By the end of this insightful journey, you will be equipped with the knowledge and confidence to challen...
Should you close a credit card after paying off debt? It’s worth keeping a credit card open once you’ve paid it off as it will show lenders looking at your credit report that you’re able to successfully pay off credit. Your credit utilisation ratio (the proportion of your available cr...
Here’s how to remove hard inquiries from your credit report if you suspect fraud. Unfamiliar and undisputed hard checks might cost you your identity.
credit scoring software is the date of last activity, recent payment on a collection account damages the credit score more severely. This method of credit scoring may seem unfair, but it is something that must be worked around when trying to maximize your score. How is it possible to pay a...
Learn everything you need to start growing your own credit repair business that changes lives with our comprehensive step-by-step guide.
When a person has several credit inquiries in a short period, it can hurt their overall credit score. These inquiries are referred to as a “hard inquiry” or a “hard pull,” which typically occur when a mortgage lender or credit card issuer runs a credit check during their underwriting ...
Credit scoring models typically count multiple inquiries during the same 14-to-45-day period as just one hard inquiry, which minimizes the impact on your score.Once the refinanced loan pays off your previous mortgage, you’ll be closing an older credit account, which can lower your credit ...
“When credit scores drop, it is an indicator that a sizable number of consumers are having trouble with their finances,” one expert says. Dawn PapandreaApril 18, 2025 7 Steps to Paying Off Debt Freedom from debt may feel like a distant dream, but experts say with the right ...