Credit Inquiry
Let us know if you would like credit repair information.
What Information is Collected in a Credit Inquiry and What exactly Happens?
Information provided in whole or part by myFico.com and LandAmerica Credit Services
A credit inquiry is an item on a credit report that shows a business with a "permissible purpose" (as defined under the federal Fair Credit Reporting Act) has previously requested a copy of the report.
Not all inquiries count toward your FICO score.
When you check your credit report, you may notice that a number of credit inquiries have been made, sometimes from businesses that you don't know. But the only inquiries that count toward your FICO score are the ones that result from your applications for new credit.
Inquiries that count toward your FICO score.
There is only one type of credit inquiry that counts toward your FICO score. When you apply for a mortgage, auto loan or other credit, you authorize the lender to request a copy of your credit report. These types of inquiries, prompted by your own actions, appear on your credit report and are included in your FICO score.
Inquiries that dont count toward your FICO score.
OYour own credit report requests, credit checks made by businesses to offer you goods or services, or inquiries made by businesses with whom you already have a credit account do not count toward your FICO score. Credit checks by prospective employers also do not count. These types of inquiries may appear on your credit report, but they are not included in your FICO score.
Your FICO score is not affected when you check your credit.
Checking your credit reports regularly to be sure they are accurate and error-free is a good idea. In fact, maintaining accurate credit reports is a part of good credit management, which can help to improve your FICO scores over time.
You can order all three of your credit reports with FICO scores at www.myFICO.com. You can also order your credit reports from the credit bureaus. Either way, your FICO score is not affected by your own credit report checks which are voluntary
What's not in your credit score
How credit scoring helps you with your home mortgage
Tips for improving your credit score
Facts and Fallacies about credit
What information is in your credit report
What does the average person's credit look like
How are credit inquiries factored into FICO Scores