User Profile
lostontheline
Network Novice
Joined 6 years ago
User Widgets
Contribuciones
Re: Credit check left a hard inquiry
That's not how your credit score works. An inquiry does not "take points off" your score. Your score is made up of many factors, 1 of which is inquiries. You get a single inquiry & it has little effect on anything. But that inquiry stays on your report for 2 years, but have a much more significant effect for the first 13 months. Now inquiries only account for 10% of your score, but that can hurt you as much as 55 points which can be the difference between a 3.8% Auto Loan & a 18% Loan, so it IS significant. It does not hurt too much if, say, you don't plan to open a new account or apply for a new job, or move in the next 2 years, but if you are looking for a mortgage it can really hurt. The fact that it says it may affect your credit is the same as saying it's a hard inquiry. & the thing is, no matter what, they are ONLY allowed to check your credit report if there is a legitimate business need or you authorize it. If you are getting a subsidized device or doing a payment plan are the ONLY reasons they are ALLOWED to access your credit report. If not you have a case8Visto0likes0Comentarios