2006-09-25 11:19:24 · 5 answers · asked by Jae 2 in Business & Finance ➔ Credit
No.
The only thing that hurts are Hard pulls(actually applying for credit) and they will usually drop you a lot more than one point.
Soft pulls such as pre-approved offers or companies just updating their files do not affect your score.
EDIT:
Amanda H is incorrect. Soft pulls such as those for pre-approved offers do not affect your score.
2006-09-25 11:21:55 · answer #1 · answered by Jim R 5 · 1⤊ 0⤋
they do affect your score if you have alot of them. I have had to send multiple letters to capital one as well as others as my score went from 715 to 690 in 6 months without any new cards or applying for any new credit. I was getting anywhere from 5-10 credit card offers a week though and found that it was affecting my score.
2006-09-25 11:24:07 · answer #2 · answered by Craig M 3 · 0⤊ 1⤋
I don't know how many points it takes off, but it does reduce your credit, and aergo, most likely, your credit score.
2006-09-25 11:27:52 · answer #3 · answered by Paul 7 · 0⤊ 1⤋
aproximately, yes. It has to be an inquiry like if you are applying for a loan/credit card, not if you look at it yourself. And if you have several pulls within a week period, they dont all neccessarily ding you- they are lumped together.
There is no hard and fast rule about the exact amount it dings you, though.
2006-09-25 11:23:37 · answer #4 · answered by Anonymous · 0⤊ 1⤋
yes this is true.
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2006-09-25 15:29:59 · answer #5 · answered by Anonymous · 0⤊ 0⤋