INQUIRY RULES
The rule is that you can have up to three-inquiries in a 25-month period without it affecting your credit score. Inquiries more than three can affect you score 3-5 points for each one over the three; and I don’t know which bureau is which! Good news is …
I was visiting with a couple who’s goal is to buy a home soon.
I found it interesting the lack of and miss-information that had been provided by the lenders they were talking with about this.
Scoring Models Addressed… Read More
Topics:
WHAT SPIRITED THIS POST?
DISTINGUISH THE NEED!
HOW DID WE GET HERE?
KNOWLEDGE IS POWER!
It’s that time of year when one needs to review their long term financial situation. Things to review include 401K participation, your Will(s), Health Care Directives, and of course, your Credit Profiles at all three credit bureaus.
Inquiries can be a problem for your credit score. The consumer needs to understand these points to best manage their credit score. This is like money in the bank.
Financial Services Professional — consider asking your clients if they have an idea of where their credit scores are, because credit scores are a consideration in the pricing of premiums on home and auto insurance. Your clients could be trowing away money!
LIFE EVENTS WILL AFFECT YOUR CREDIT SCORE (Part 3 — Bankruptcy); OR HOW TO RECOVER FROM EXCESSIVE DEBT!
The trick is to know what should be in place to maximize the best outcome for all involved.
Serious life events include Divorce, Bankruptcy, Hospitalization, and even Marriage. Medical accounts for half of the collections on credit reports today!
LIFE EVENTS WILL AFFECT YOUR CREDIT SCORE (Part 2 — Divorce); OR HOW TO DIVORCE WITHOUT RUINING YOUR LIFE!
The trick is to know what should be in place to maximize the best outcome for all involved.
Serious life events include Divorce, Bankruptcy, Hospitalization, and even Marriage. Medical accounts for half of the collections on credit reports today!
LIFE EVENTS WILL AFFECT YOUR CREDIT SCORE (Part 1 — Marriage)
The trick is to know what should be in place to maximize the best outcome for all involved.
Serious life events include Divorce, Bankruptcy, Hospitalization, and even Marriage. Medical accounts for half of the collections on credit reports today!
Did you know that more than three Hard Inquiries in a two-year period can serve to hurt your credit score?
There are three kinds of Inquires found on your credit profile (report). These are HARD, Review and Promotional (both are SOFT).
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