Credit Inquiry

Wooden block letters arranged to spell "CREDIT score" against a white background, inviting inquiry into your financial standing.

Will a Credit Inquiry Hurt My Credit Score?

It is possible – very likely, in fact – that applying for a loan or seeking a new credit card will indeed lower your credit score. Here’s why. Anytime you apply for credit — such as a mortgage, a student loan, credit card or auto financing — a lender pulls your credit file and that […]

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checking account

Will Opening A Checking Or Savings Account Hurt My Credit Rating?

Q: Will opening a savings account in order to save for a home down payment impair my credit rating by creating an inquiry on my credit report? A: No, any kind of checking account or savings account that you might have is: 1) Not reflected on your credit reports with either Experian, Equifax or TransUnion

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