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How do “Credit Inquiries” affect your scor.

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I have never been late, missed a payment, etc. TU is 713, EX is 718, EQ is 720.

I have 37, yes, 37 total credit inquiries dating back to 2002. Most are grouped together as far as dates go for my mortgage, and then my recent refinance. I just bought a new car last month, and two show for that. One from the dealership and one from the actual bank we went through. The others are from my actual credit card and something called “NCO” which I have no idea what it is. Should I try to remove some of these? Is this lowering my score.

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Credit inquiries effect your score because the more you have it appears that you may be "hungry ofr credit" Each inquiry usually only drops your score a couple of points and the older the inquiry, the less it effects the score. Others have said that the inquiries only count against you

for 1 year, however, they appear on your record for up to two years.

Wait for replies from others but i believe NCO is a collection agency. If so, you should probably get on them right away.

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The others are from my actual credit card and something called “NCO” which I have no idea what it is.

NCO Financial does mortgage reporting. My mortgage company uses them to pull credit reports. I believe they may also have a collection arm, as I've seen posts referring to NCO as a collection agency; however, from your post I would bet that they pulled your reports for mortgage purposes.

Inquiries that are grouped together when applying for a mortgage or auto finance don't have much affect on your FICO score. They have the most impact for six months, but even then it's usually only a point or two.

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http://www.creditinfocenter.com/community/topic/230856-how-do-%E2%80%9Ccredit-inquiries%E2%80%9D-affect-your-score-see-my-story/ how do i see my credit score

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Category: Credit

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