Term: credit report inquiries
4 found

The Most Misunderstood Part of Your Credit Report

By Steven Shaw on 9/2/2014

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If you’ve checked your credit reports or reviewed your credit scores recently, you probably noticed the section of your credit report called “inquiries,” which lists the names of companies that have reviewed your report recently.

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What Your Credit Reports Won’t Tell You

By Steven Shaw on 4/24/2014

What Your Credit Reports Won't Tell You 

A credit report is a pretty simple concept: It’s a report on your past use of credit and loans. That part is generally pretty easy for people to grasp. It’s some of the other stuff on the report — and the stuff that’s not on the report — that confuses some and leads to misunderstanding the credit report’s purpose.

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Reasons for Inquiries

The 5 Most Confusing Things on Your Credit Report

By Steven Shaw on 1/7/2014

credit report 

You know that you should review your credit reports. So you do. But when you do, you find yourself confused, wondering if it was worth it.

It definitely is.

Here are five things about credit reports consumers often find confusing, and how to find some clarity.

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Should You Be Worried About Credit Report Inquiries?

By Steven Shaw on 3/4/2013

Should You Be Worried About Credit Report Inquiries?

Some things never change when it comes to what annoys people about credit scores. While consumers’ understanding of credit scores has evolved over the years, within that always-increasing level of understanding there remain some parts of credit scoring, such as inquiries, that people just don’t seem to get. They get the idea of late payments and maxed out credit cards predicting risk. But inquiries?

A credit inquiry is a notation that goes on your credit report every time your credit report is accessed by anyone with a “permissible purpose,” as defined by the Fair Credit Reporting Act. Inquiries remain on a credit report for two years, and generally fall into two categories: hard and soft inquiries. Only hard inquiries from within the past year can impact credit scores. Older hard inquiries and soft inquiries are ignored by the scores entirely.

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