If you apply for a new credit consumer credit report Spokane card, a hard inquiry record will appear on your credit report and may impact your credit. When you check your consumer credit report Spokane own credit report, or when it is checked for a pre-approved marketing purpose, it is considered a soft inquiry and consumer credit report Spokane will not harm your credit score. Will checking my own credit harm my score?Checking your consumer credit report Spokane own credit data online through a service like TrueCredit will not harm your credit score. You can check your credit regularly or can sign up for a monitoring 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 once a year credit report Potential creditors may think you are trying to spend beyond your means if 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 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 consumer credit report Spokane in your name. How long do they last? Most hard inquiries consumer credit report Spokane remain on your credit consumer credit report Spokane report for two years from the original placement. free annual credit report without credit card All inquiries must stay on your credit report for at least a consumer credit report Spokane year. You are allowed to dispute inquiries on consumer credit report Spokane your credit report, but it can be difficult consumer credit report Spokane to prove that the consumer credit report Spokane inquiry is indeed inaccurate. If you are unsure of where an inquiry consumer credit report Spokane 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 consumer credit report Spokane 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. how to get free annual credit report 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 can I limit who makes inquiries?You may consumer credit report Spokane request that consumer reporting agencies do not distribute your name on lists used by creditors and insurers to make unsolicited offers of credit and insurance.
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