Thursday, November 3, 2011

Inquiries

"Inquiries" a HARD INQUIRY is when you initiate by filling out a credit application. SOFT INQUIRIES are from companies that want to send out promotional information to a prequalified group or current creditors monitoring your credit. Remember "Buffer Period" ignores inquiries within 45 days of getting a mortgage or car loan. It also counts two or more hard inquiries in the same 14 day period as one inquiry.

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