Q: What about inquiries?
A: On a typical credit report, inquiries for the past 90 days are displayed, but older inquiries are still present and can affect your score. For example, when applying for loans, inquiries over the last 12 months are factored into the lending decision. When a creditor or lender checks your credit, it causes a "hard inquiry" to be listed on your credit report. These hard inquiries stay on your report for up to two years, and can cause a slight drop in your credit score if there are too many of them.
When an employer checks your credit or when you check your own credit online, you may see a harmless "soft inquiry" on your credit report. Soft inquiries do not cause a drop in your credit score and do not appear when a business checks your credit.
Seeking unsecured credit, such as credit cards, can have a much greater impact on your score. As a general rule, about three to five mortgage inquiries equal about 1 new credit card inquiry. Also, it's important to know that borrowers who have any bankruptcies, foreclosures, tax liens, judgments, or any other public records on their report will be hit harder for inquiries than someone whose report is free of these blemishes.
Q: Can inquiries be removed from my report?
A: Yes. Also, creating a CreditCheckTotal.com account will allow us to avoid adding any unnecessary inquiries since we will be able to monitor progress of our work on a daily basis, you will be able to monitor it also. Without a program like CreditCheckTotal.com, it is sometimes necessary to re-pull a report to check on your status; this can result in an additional inquiry.