Why do hard credit inquiries lower score

Why hard credit inquiries lower score (and what you can do about it).

Why do hard credit inquiries lower score

Someone with inquiries on their credit report has been applying for credit. This may mean they have more debt owed. More debt owed means higher monthly payments. That makes them risky for lenders to give more money to. Their score drops to reflect this risk.

Why do hard inquiries affect credit

Hard inquiries are a sign of someone applying for new credit. If they have too much new credit, they have a lot of debt owned. New lenders don't want to risk giving them even more money and not getting paid back. For that reason, each new hard inquiry lowers credit scores by 5-10 points.

Get Your Inquiries Removed Professionally

In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.

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