Build better credit
debt
9 myths on how to build better credit

Build Better Credit » 9 myths on how to build better credit

You can bump hard inquiries off your credit report
Next
Slide 3 of 10
Back
You can bump hard inquiries off your credit report

A "hard" inquiry is generated when creditors pull your report or score after you apply for a loan or line of credit. Your score falls because it shows you're interested in taking on more credit and therefore, more risk. Other inquiries are considered "soft," such as those triggered by you, your employer or companies sending credit card offers in the mail.

Some consumers believe if they pull their credit report every day to load up on "soft" inquiries, they will bump off the hard ones that weigh on their credit score.

"It's speculative. There's no indication there's a finite amount of space for inquiries," says Ulzheimer. And it's only a small part of the score. "There's better bang for your buck if you do more legitimate things."


 

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CREDIT CARD WEEKLY NEWSLETTER

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

Debt Adviser

When is debt off credit report?

Dear Debt Adviser, How do I find out the timeline on my debt? I know after six or seven years the debt is taken off. I would like to know if there is a way to see if it is gone. -- Mark Dear Mark, Now you see it, now... Read more

advertisement
Partner Center
advertisement

Connect with us