Does FICO inquiry affect my credit score?

Answer The credit scoring guidelines of 2009 calculate an individual's credit score based on payment history, amount owed on open accounts, length of credit history, types of credit and new credit. Inquir... Read More »

Top Q&A For: Does FICO inquiry affect my credit score

How long does a credit inquiry affect a FICO score?

Credit inquiries stay on your credit report for two years, but they only impact your FICO score for one year. The only inquiries that impact your FICO score are the applications for credit that you... Read More »

How much will a credit check affect your FICO score?

A company you already do business with, a potential employer or a pre-approved credit offer may perform a soft pull. These inquiries do not affect your FICO score. A hard pull is a result of a cred... Read More »

Does an inquiry decrease a credit score?

Credit inquires that result from you applying for credit, such as a new loan or a credit card, will slightly lower your credit score. However, your credit score will not decrease if you check your ... Read More »

Does loan pre-approval affect a FICO score?

A pre-approval requires a credit check. A credit check by a lender places a hard inquiry on your report and this may lower your credit score by as much as five points. Overall, credit inquiries acc... Read More »