Wednesday, May 26, 2010

Credit Inquiries from other lenders can lower Credit Score?

I have 4 total credit inquiries on my credit report; is this too much?



Credit Inquiries from other lenders can lower Credit Score?

It depends. Are they all for the same thing? Say a car loan? That is not too bad. If they are for a wide range of items and they are close together, not so good. And how long have they been there? They drop off after two years. If your score is north of 700 I would not even worry about it.



Credit Inquiries from other lenders can lower Credit Score?

4 over a few months arent bad..4 in a month might be



Credit Inquiries from other lenders can lower Credit Score?

Its a myth...I came across this info:



Credit Score Myths Explained



http://www.debt-loan-refinance-mortgage-...

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