2006-11-05 16:36:06 · 3 answers · asked by acidpressure 1 in Business & Finance ➔ Credit
No, it simply means that in addition to checking out other aspects of the loan making decision, the firm also checked on your credit history...there are other factors they check on as well, like your net disposable income and so forth. It's a normal part of the loan process. Too many inquiries within a certain period of time can affect your ability to get a loan however.
2006-11-05 16:49:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
no, an inquiry is just the name of a place you have applied for credit from already. Some loan company's do not like to see a lot of inquiries though.
2006-11-09 16:33:38 · answer #2 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Not necessarily. It is considered prudent to shop for the right loan but if 2 or more inquiries end up without a new account being established it CAN be viewed as a denial by future lenders.
You should also know HOW to maintain the highest possible score. I wrote a paper on the subject. If you want to know more I put a link to my blog.
2006-11-06 04:20:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋