Houston Credit Repair experts at Impeccable Credit Services explain the importance of inquiries in the latest blog.
What is an inquiry?
An inquiry is anytime your credit is pulled. There is no difference between a “Hard Pull” and “Soft Pull”. When someone pulls your credit it will lower your credit score. It will not lower your credit score 100 points per pull, not even 50 points. It will lower your score less than 5 points when pulled. Some companies will check your credit annually. However, this can occur when there is reason to such as missed payment or change in address. Many times we agree to our credit being pulled without realizing it. Anytime you apply for a card, house or car your credit will be pulled to some extent.
Should Inquiries Be Removed?
Absolutely not. It is not advised to remove inquiries. In short, they fall off within two years and they can also drop your score if they are removed. Removing inquires will not increase your credit score. Therefore, if the credit score is suffering it is typically due to other factors such as late payments or collections. If you are having issues with your credit contact a credit expert.
Houston Credit Repair
In closing, Impeccable Credit Services has been in business for 18 years. We do not remove inquiries. Impeccable credit services starts by seeing what is actually going on with your credit by seeing a report. With the report we are able to identify the issues and give you a timeline based off of your scores, data and goals on how long it will take to repair. We have two physical locations and can assist clients in all 50 states and around the world. If you have any questions regarding your credit score or report please feel free to contact us 713-378-1500.