712 Credit Score – Hard Inquiry – How a Hard Inquiry affects your credit score
712 Credit Score – How to Choose
A hard inquiry can affect can drop your credit score 50 POINTS. In this video I talk about how hard inquiries affect your credit score and why your credit score can drop by 50 points.
Even though HARD INQUIRY/new accounts is only 10% of the credit score which is just 85 points on a 850 scoring model. A hard inquiry can will also affect your average age of credit with you get approved. So when you apply for a credit card/loan your credit score can get affected in 2 categories.
When it comes to removing hard inquiries some people will pay a arm and a leg. You can pay to remove a hard inquiry or you can allow it to fall off organically. Most hard inquiries will fall off in 2 years max.
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In this video I talk about hard inquiries and how much they can affect your credit score. When it comes to our credit score hard inquiries/new accounts make up 10% of our overall credit score. However when you get a hard inquiry and approved for a credit card your credit score can take a hit.
In this video I explain how a hard inquiry can and does affect your average age of credit which in turn will affect your credit score.
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Once again my name is Duane with how to build credit TV. This channel offers 100% FREE information on how to build credit, how to get cash back actual cash money from using credit cards, as well as credit card reviews. We also talk about everything you need to know about credit. Whether you’re looking establish credit, build credit, rebuild credit or learn more about the Fico Score and how it’s comprised so that you can increase your credit score.
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