Skip to main content
No. of Recommendations: 3

You wrote, I track my credit score through 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
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.