Does it appear in my record that I got rejected? Thanks.
2007-10-06 03:22:45 · 5 answers · asked by September 2 in Business & Finance ➔ Credit
When you apply for credit whether or not you get accepted, it is considered an inquire and yes it drops your score. I have heard anywhere from around 2-6 points per inquire so you do not want to inquire alot because it will definitely hurt your score.
2007-10-06 03:29:20 · answer #1 · answered by Gengis 6 · 0⤊ 0⤋
Yes every time you run your credit through a lender it drops your score up to 2 points. If you check on your own means a free credit report then you dont have to worry.
Try not to apply credit every where cause these inquires stay on your credit report up to 2 years.
2007-10-06 14:24:17 · answer #2 · answered by Mohammad N 1 · 0⤊ 0⤋
The credit inquiry will show on your credit report but there won't be any indication of a rejection. Your score takes a ding every time a creditor does an inquiry but this is small unless you have a lot of inquiries in a small time frame.
2007-10-06 10:29:30 · answer #3 · answered by bdancer222 7 · 1⤊ 0⤋
Every query to your credit profile will hurt. That's why they recommend applying only when you really need it and try to wait at least 6 months before you re-apply. Weither you get approved or rejected, I don't think that will make a difference. If you get approved, at least you can start building or re-building your credit score.
2007-10-06 10:36:08 · answer #4 · answered by chococherry 3 · 0⤊ 0⤋
Yes.
2007-10-06 10:29:32 · answer #5 · answered by Holly 5 · 0⤊ 0⤋