credit report

I’ve been in finance for over four years now. I understand that you want to know how long the inquiry will be on your record. But really it doesn’t matter. I’m sure you’ve heard that inquiries are bad, that’s not really the case though. The reason that your score dips a little when you have inquiries is because years ago people only went to their local bank for any transactions (loans, cards, etc.) so when you had a lot of inquiries it looked like you were looking everywhere for money and no one would give you any. Credit scores are supposed to reflect risk, and if no one would give you money then you were high risk. In the last few years the bureaus have decreased the significance of inquiries because these days everyone checks their credit all the time. It doesn’t reflect risk anymore. If you check your credit 8-10 times in a month, ya, it will dip. But for what your talking about, it shouldn’t be an issue. Just check your credit when your serious about getting something, and don’t just apply everywhere just for fun and you’ll be golden A Credit “Inquiry” that is where someone requests your credit report stays on there for 2 years from date of inquiry.

But the older they are the less effect they have. Most people can usually have 2-3 but more than that might start looking bad. yo ucan learn more about equifax credit report, Dave Ramsey’s advice, trw credit report at creditnexus.com you know everything about credit report there, please do visit them today