Better Credit
Make your credit count with iCreditRepair.com Your credit should lead you to more opportunity. Repair your credit and get approved for credit lines:
Lower Interest Rates Good Credit Cards Personal loans
Mortgages Apartment Occupancy Auto Lease
Bank Accounts Cell Phone Contracts Insurance
Refinancing Utility Accounts Student Loans
Reach a Credit Repair Consultant and make your credit count!
Dedicated to Improving Credit State to State
Credit Inquiries
Credit Inquiries & Credit Checks
When an individual applies for a line of credit, a lender performs a credit inquiry. A credit check is a standard procedure lenders follow to decide if an individual is worth the risk of a loan. Every time an individual applies for a credit card, a credit check is conducted. The credit bureaus will list the name of the company that performed the credit check. This can lower your score. Keep in mind, applying for multiple credit lines looks bad to lenders and lowers your score. A credit inquiry can stay on a credit report for two years.
Also, it is important to realize there are two different credit checks: hard and soft.
Depending on the type of credit check performed, your score will weaken.
Remove Credit Inquiries
Getting credit inquiries removed is important.
Creditors will see that you have been trying to get approval from other creditors.
Applying for multiple credit cards at once will be evident on your credit report and make you seem irresponsible. While a credit inquiry may only lower you score by only 5 points, the evidence that you are seeking multiple lines of credit looks bad to lenders. Do you really want your credit score to drop 20 points just because you applied for 4 cards?
