• Number of recently opened accounts;
• Number of recent inquiries;
• Time since inquiry;
• Time since account opening;
Credit Inquiries
A credit inquiry will appear on your credit report when your credit report is viewed by an eligible company.
Hard Inquiries
These inquiries affect your credit score. When you apply for a mortgage, auto loan, credit card or other type of account, you authorize the lender to obtain a copy of your credit report. These types of credit inquiries influence your credit score and should be avoided. If you are shopping around for a mortgage, etc. and you know it would result in multiple hard inquiries, make sure you have your credit history viewed within in a short period of time. Depending on which scoring system you are dealing with, you may have a 15 day, 30 day or 45 day time frame to shop around without significant negative consequences. If all potential creditors review your credit history within the allotted time frame, the scoring system will count these multiple inquiries as a single inquiry.
Account Review Inquiries & Consumer Based Inquiries
These types of inquiries do not affect your credit score. When you choose to observe your own credit report through an online resource, it is considered a consumer- based inquiry and will not affect your credit score. Also, a lot of creditors and collection agencies are authorized to browse your credit report to review your account activity. Credit reports requested by prospective employers will not affect your score as well.
The Fair Credit Reporting Act (click here)