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This is Money is part free credit reports government New York of the Daily Mail, The Mail on Sunday & Metro Media Group All about inquiries free credit reports government New York We all have them. Most free credit reports government New York of us arent sure where they came from or how long they are staying. Were talking about inquiries on our credit reports. Inquiries are one of the most confusing and least understood aspects of the credit reporting system. Heres the skinny on inquiries and how you can manage them: What are inquiriesAn inquiry is a record of free credit reports government New York someone checking your credit information. Inquiries come in two distinct categories: hard inquiries that occur when a business views your credit report for the purpose of an application and soft free credit reports government New York 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 report and may impact your credit. free online credit report canada 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. Will checking my own credit harm my score?Checking your own credit data free credit reports government New York 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 free credit reports government New York 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 free credit reports government New York how often you have applied for new credit. annual credit reporting Potential creditors may think you are trying to spend beyond your means if there are too many inquiries on your credit report. You can still shop around for a loan; multiple inquiries for free credit reports government New York 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.

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.

If you are unsure of where an inquiry came from, try contacting the company listed before sending off a letter free credit reports government New York of dispute. Who can place an inquiry?According to the Fair Credit Reporting Act, only free credit reports government New York people with legitimate business needs free credit reports government New York can access your credit information. free credit check report This includes creditors, lenders, insurers and landlords who need to review your credit as a part of an application process. Each inquiry record will only appear on the credit report that free credit reports government New York was checked for the application.

For example, if a lender checks your TransUnion credit history to help determine your rates, free credit reports government New York this inquiry record will only appear on your TransUnion credit report.