If you apply for a new credit card, a hard inquiry record will appear on your credit report and may impact your credit. When you check your own credit report, or when it is checked for a pre-approved marketing purpose, it is considered a soft inquiry and will not harm your credit score. Will checking my own credit harm my score?Checking your own credit data online through a service like TrueCredit will not harm your credit score. You can check your credit regularly or can sign get free credit score Knoxville up for a monitoring get free credit score Knoxville program to automatically review your data without worrying about causing any damage to your credit score. Why are inquiries recorded?Inquiries are recorded so that potential creditors and lenders can view how often you have applied for new credit. free credit report credit score Potential creditors may think you are trying to spend beyond your means if get free credit score Knoxville there are too many inquiries on your credit report. You can still shop around for a loan; multiple inquiries for the same purpose in a short amount of time are commonly grouped get free credit score Knoxville into one less harmful inquiry session. Inquiries are also helpful for consumers because they can notify you of a potential identity thief applying for accounts in your name. How long do they last? Most hard inquiries remain on your credit report for two years from the original placement. free annual credit report federal
All inquiries must stay on your credit report for at least a year. You are allowed to dispute inquiries on your credit report, but it can be difficult to prove that the inquiry is indeed inaccurate.
If you are unsure of where an inquiry came from, try contacting the company listed before sending off a letter of dispute.
Who can place an inquiry?According to the Fair Credit Reporting Act, only people with legitimate business needs can access your credit information.
This includes creditors, lenders, insurers and landlords get free credit score Knoxville who need to review your credit as a part of an application process. Each inquiry record will only appear on the credit report that was checked for the application. For example, if a lender checks your TransUnion credit history to help determine your rates, this inquiry record will only appear on your TransUnion credit report. how to check credit score How can I limit who makes inquiries?You may request that consumer reporting agencies do not distribute get free credit score Knoxville your name on lists used by creditors and insurers to make unsolicited offers of credit and insurance.
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