Personal loans can be a pretty good solution to help handle short term cash needs due to their fixed interest rates. Not only are the rates lower than credit cards, but they are also lower than other lending solutions. In order to get the best rate possible that you can easily manage, here’s a tip…...
There are two kinds of credit inquiries: hard inquiries and soft inquiries. Hard inquiries can hit your credit report “hard” causing you to lose points on your credit score. These types of inquiries can come from applying for a loan, applying for a credit card or applying for a mortgage. While hard inquiries are necessary...
In part 1 of How To Identify Soft Inquiries On Your Credit Report, we covered factors that can take a soft hit at your credit report. These included, checking your own credit score, getting pre-approved credit card offers and going through background checks. Each time you try to apply for credit that’s considered an inquiry....
Credit is an interesting paradox. Your score is comprised of so many factors, not just your pay back history. For instance, each time you try to apply for credit that’s considered an inquiry. Inquiries allow lenders to see when and where you’ve searched for credit in the past. There are two main kinds of inquiries:...
In part 1 of Example of Hard Credit Inquiries, we shared the types of credit inquiries that can bring your credit score down a few points. They included applying for a loan, mortgage or credit card. Credit inquiries allow lenders to see when and where you’ve searched for credit in the past so they can...
Lenders and other third parties judge your creditworthiness based on many factors and one of them is the inquiries that are on your report. Inquiries allow them to see when and where you’ve searched for credit in the past. There are two kinds of credit inquiries they can look at: hard inquiries and soft inquiries....
There are two kinds of inquiries that can happen on your credit report. They are hard inquiries and soft inquiries. In part 1 of Difference Between Hard Credit Inquiries and Small Credit Inquiries, we covered what hard inquiries are. In part 2, we will cover soft inquiries. What is a soft inquiry? These types of...
Credit inquiries allow lenders and other third parties to see when and where you’ve searched for credit in the past. Two kinds of inquiries that can happen on your credit report are hard inquiries and soft inquiries. Even though lenders can see both kinds of inquiries, hard inquiries can negatively affect your credit score. What...
If you’re looking for a great rate on a loan, you may be worried that too many hits may drop your score. Although too many credit inquiries can damage your credit score, there are ways to prepare yourself for the best possible outcome so that your score doesn’t have to suffer greatly. The first best...
When you’re shopping around for credit whether it’s for a new auto loan, mortgage or credit card, the level of damage it does to your credit report will vary. The level and extent of damage will depend on what kind of loan you’re trying to get and the model you’re getting your score from. For...
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