May 01, 2004
Inquiries do NOT raise scores (ConsumerInfo.com lies)
I've been wondering why people have been insisting that inquiries raise scores.
Now I know where that entirely FALSE statement comes from:
Comments
You're right... they don't raise them, they LOWER them!!
Hard inquires do lower FICO scores, but soft inquires do not. If a company pulls your bureau to send you an offer, or you check your own report, that's a soft inquiry, and it has no bearing on your FICO score. When you actually APPLY for credit, however, a hard inquiry in noted on your report, and it lowers your FICO score
Posted by: Adam at May 2, 2004 12:01 PM
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