Credit annual report Birmingham

Inquiries credit annual report Birmingham come in two distinct categories: hard inquiries that occur when a business views your credit report for the purpose of an application and soft credit annual report Birmingham inquiries that occur when your credit is checked for other reasons. If you apply for a new credit card, a hard inquiry record will appear on your credit annual report Birmingham credit report and may impact your credit.

When you check your own credit report, or when it is checked for a pre-approved marketing purpose, it is considered a soft inquiry and will not harm your credit score. request credit report Will checking my own credit harm my score?Checking your own credit data online through a service like TrueCredit will not harm your credit score. You can check your credit regularly or can sign up for a monitoring program to automatically review your data without worrying about causing any damage to your credit score. Why are inquiries recorded?Inquiries are recorded so that potential creditors and lenders can view how often you have applied for new credit. credit report and monitoring Potential creditors may think you are trying to spend beyond your means if there credit annual report Birmingham are too many inquiries on your credit report. You can still shop around for a loan; multiple inquiries for the same purpose in a short amount of time are commonly grouped into one less harmful inquiry session. Inquiries are also helpful for consumers because they can notify you of a potential identity thief applying for accounts in your name. How long do they last? Most hard inquiries remain on your credit report for two years from the original placement. check credit reports All inquiries must stay on your credit report for at least a year. You are allowed to dispute inquiries on your credit report, but it can be difficult to prove that the inquiry is indeed inaccurate.