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No. of Recommendations: 3
BlueGrits,

You wrote, I track my credit score through Mint.com and have a question. Under "credit inquiries" it lists only two instances, both last year (Jan & Oct), yet the rating for this factor is only listed as "Good". I would think that'd be terrific - esp. since I don't do business at all with one of them and the other was probably for something like a credit card offer I didn't seek. I'm puzzled....

Hard credit inquiries are for applications for an extension of credit. This can be construed to include cases such as a utility company is opening an account for you or an insurer that is considering insuring you as well as a borrow lending you money. An inquiry should never show up without some explicit permission from you. Certainly the company cannot make the inquiry without already knowing your SSN.

Whether or not you actually do business with these entities is irrelevant. Either one of you can decide after the inquiry that the other is not worthy of the other's business.

Also two inquiries isn't really great or excellent. It's probably about average for the overall US population, so "Good" makes sense to me.

Finally hard inquiries only remain on your account for 2 years and their impact on your score diminishes fairly quickly.

- Joel
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