Podcast
Questions and Answers
What type of credit inquiry is initiated by lenders or credit card companies when you apply for credit?
What type of credit inquiry is initiated by lenders or credit card companies when you apply for credit?
- Credit score inquiry
- Credit report inquiry
- Soft inquiry
- Hard inquiry (correct)
What type of inquiries do not affect your credit score?
What type of inquiries do not affect your credit score?
- Credit accounts
- Public records
- Hard inquiries
- Soft inquiries (correct)
What can multiple hard inquiries within a short period be treated as for auto and mortgage loans?
What can multiple hard inquiries within a short period be treated as for auto and mortgage loans?
- Uncertain inquiry
- A single inquiry (correct)
- No inquiry
- Multiple inquiries
What is the time limit for most negative information to be removed from a credit report?
What is the time limit for most negative information to be removed from a credit report?
What is the purpose of regularly reviewing your credit report?
What is the purpose of regularly reviewing your credit report?
Why do hard inquiries temporarily lower credit scores?
Why do hard inquiries temporarily lower credit scores?
What type of inquiries do not affect credit scores?
What type of inquiries do not affect credit scores?
What type of information can have a profound effect on your creditworthiness?
What type of information can have a profound effect on your creditworthiness?
What is the maximum time limit for bankruptcies to stay on a credit report?
What is the maximum time limit for bankruptcies to stay on a credit report?
What is crucial for anyone navigating their credit journey?
What is crucial for anyone navigating their credit journey?
Why is understanding credit inquiries important for managing credit health?
Why is understanding credit inquiries important for managing credit health?
What is illegal information on a credit report?
What is illegal information on a credit report?
What is the purpose of consolidating multiple inquiries within a short timeframe for auto loans, mortgages, and student loans?
What is the purpose of consolidating multiple inquiries within a short timeframe for auto loans, mortgages, and student loans?
What type of credit inquiry does not affect your credit score?
What type of credit inquiry does not affect your credit score?
Who is more likely to be negatively impacted by hard inquiries on their credit score?
Who is more likely to be negatively impacted by hard inquiries on their credit score?
Why is it important to make informed decisions about when and how to apply for new credit?
Why is it important to make informed decisions about when and how to apply for new credit?
What is the primary role of managing credit inquiries in optimizing credit score?
What is the primary role of managing credit inquiries in optimizing credit score?
Why is it essential to consider the potential impact of credit inquiries on your credit health?
Why is it essential to consider the potential impact of credit inquiries on your credit health?
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