Will,Inquiries,Lower,Your,Cred finance, share, loan Will Inquiries Lower Your Credit Score?
Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
Does this affect your credit rating or score?Yes, it does. Although only a few points are deducted from your score for each inquiry, having multiple inquiries may drop your score to a lower bracket, forcing a higher interest rate. You may not even qualify for the loan or line of credit at all.Will requesting your credit report generate an inquiry?This is a common misconception and is totally false. You should view your report at least once a month. Doing so will not generate any inquiries.What if you did not authorize an inquiry, can you dispute it?Yes. If you did not authorize any of the inquiries on your credit report you can and should dispute them. To dispute inquiries obtain your credit report, then make a copy of your credit report, highlighting the inquiries in dispute. Finally, send the copy of your highlighted inquiries along with a letter demanding the inquiries be deleted from your credit report to the credit bureau.Is it worth it?The next time you are out shopping and the salesperson asks you, "Would you like to apply for our credit line and receive 15% off your purchase?" Ask yourself, "Is it worth it?" Article Tags: Credit Report
Will,Inquiries,Lower,Your,Cred