2006-11-15 11:49:25 · 5 answers · asked by lisa_smith79022 1 in Business & Finance ➔ Credit
None, if they look on their own.
Something if you initiate a request.
2006-11-15 12:18:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm not sure that they take points away, but what makes it bad is that if you have a lot of activity it makes companies not want to give you credit as they are seeing you're trying to get credit from many different sources. They think if they, along with the other companies give you credit, you may not be able to pay it all back.
It's just like when you buy a house and have a credit card limit of $10,000 with no balance. They are afraid you'll max out the card getting new furniture and then possibly default on the mortgage.
It's all so tricky!!! I used to work for a Credit Union pulling credit reports and the reasons we declined many people were for some of the oddest reasons.
Good luck!!!
2006-11-15 13:14:41 · answer #2 · answered by lil_hem_n_va 4 · 0⤊ 0⤋
A question to which there is no answer. It is not really known exactly how much it affects the score. It vary's and the bureaus do not make it known. I have seen everything from no negative impact to a 12 point negative impact in my experience. The best advice is keep inquiries to an absolute minimum.
I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
2006-11-15 11:53:10 · answer #3 · answered by Anonymous · 1⤊ 1⤋
If someone receives a copy with your approval, it is recorded as a "hard" copy and usually deducts 5 points (more points if you have new or bad credit). If someone gets a snapshot look, it is recorded as a "soft" inquiry and zero points are deducted. (Inquiries which are made for pre-approved offer qualifications are soft inquiries. Inquiries due to you applying for a card are hard inquiries.)
2006-11-15 12:47:27 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
none
2006-11-15 11:51:35 · answer #5 · answered by jessicablock 1 · 0⤊ 0⤋