Impact of Credit Inquiries
During consultations, we are often asked about credit inquiries. Most people believe a hard inquiry hurts their credit score far more than it really does.
How many points can a credit inquiry drop your score? Quick answer: according to FICO®, you can expect a “hard” inquiry to temporarily decrease your credit score by five points or less. If you have a strong credit history and no other credit issues, you may find your score does not drop at all. Furthermore, the drop is only temporary. Your score will spring back up, usually within a couple of months, assuming everything else in your credit file remains positive
Get in Touch
FREE Funding Consultations. Connect with Integrity Business Funding Consultants today and experience our commitment to providing business credit expertise & funding options. There are funding options you may not even know exist! Ask us about our time tested and proven Business Credit Mentoring/Consulting Program. Turn your business entity into a financial asset. Credit Lines attached to your EIN#, not your social security number. Please provide us with a good date and time to speak convenient for you.