How Does too many inquiries affect my Credit Score?
It is often cited that
having too many credit inquiries on your credit history can contribute to a low
credit score. Whilst this is true in the long run and applying for a credit on
a number of occasions over a long period of time can detrimentally affect your
score, a number of inquiries in a short space of time when shopping for the
best interest rates is often recognized by credit scorers and not taken into
consideration as ‘over-inquiring.’
Have over a certain amount of inquiries can have a negative affect on your credit.
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