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Inquiries come in two distinct categories: hard annualcreditreport.com Watertown inquiries that occur when a business views your credit report for the purpose of an application and soft inquiries that occur when your credit is checked for other reasons. If you apply for a new credit card, a hard inquiry record will appear on your credit report and may impact your credit. When you check your own credit report, or when it is checked for a pre-approved marketing purpose, it is considered annualcreditreport.com Watertown a soft inquiry and will not harm your credit score. Will checking my own credit harm my score?Checking your own credit data online through a service like TrueCredit will not harm your credit score.

You can check your credit regularly or can sign up for a monitoring program to automatically review your data without worrying about causing any damage to your credit score. check credit score for free

Why are inquiries recorded?Inquiries are recorded so that potential creditors and lenders can view how often you have applied for new credit. Potential creditors may think you are trying to spend beyond your means if there are too many inquiries on your credit report. You can still shop around for a loan; multiple inquiries for the same purpose in a short amount of time are commonly grouped into one annualcreditreport.com Watertown less harmful inquiry session. Inquiries are also helpful for consumers because they can notify you of a potential identity thief annualcreditreport.com Watertown applying for accounts in your name. free credit reports with score How long do they last? annualcreditreport.com Watertown Most hard inquiries remain on your credit report for two years from the original placement. All inquiries must stay on your credit report for at least a year.

You are allowed to dispute inquiries on your credit report, but it can be difficult to prove that the inquiry is indeed inaccurate. If you are unsure of where an inquiry came from, annualcreditreport.com Watertown try contacting the company listed before sending off a letter of dispute. Who can place an inquiry?According to the Fair Credit Reporting Act, only people with legitimate business needs can access annualcreditreport.com Watertown your credit information. This includes creditors, lenders, insurers and landlords who need to review your credit as a part of an application process. monitor credit report Each inquiry record will only appear on the credit report that was checked for the application.

For example, if a lender annualcreditreport.com Watertown checks your TransUnion credit annualcreditreport.com Watertown history to help determine your rates, this inquiry record will only appear on your TransUnion credit report.