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Credit Report and Score<br>Related Legal Information  

Credit Report and Score
Related Legal Information

To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you

 
 

Will my Credit score drop if I apply for new credit?


Yes, Credit score usually lose a few points (up to 5 points) after your request new credit.
 
If you apply for several credit accounts within a few months, multiple credit requests for your Credit Report (called "inquiries") will appear on your credit file.
 
Looking for new credit can increase your credit risk, but most Credit score models are not affected by multiple inquiries from auto or mortgage creditors within a short period of time. Typically, these inquiries may be treated as a single inquiry and will affect your Credit score significantly.
 
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Credit Report Frequently Asked Questions   Start to work under Free Credit report, Will my credit score drop if I apply for new credit?
 
 

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Credit report correction techniques  

Credit report correction techniques

Many times the credit bureau is busy and does not handle your dispute properly ...
Basic rights under The Fair Credit Reporting Act  

Basic rights under The Fair Credit Reporting Act

All Federal Laws are in consumer's favor and you will have the advantage ...
Credit scoring and the lending industry  

Credit Scoring and the Lending Industry

Credit scoring is crucial to your ability to get a loan. When you apply for a mortgage, your lender ...

Medical Debt Still Stinks, But New Credit Score Change Will Make It Hurt Your ...

The Consumerist
Credit reporting behemoth FICO is making changes in the way it calculates credit scores. And for once, there's some good news. The changes are expected to make it easier for most Americans to access credit — that is, to borrow money and take out loans ...
Medical Debt Still Stinks, But New Credit Score Change Will Make It Hurt Your ...

FICO Recalibrates Its Credit Scores

Wall Street Journal
Most lenders check applicants' FICO scores to help determine whether to extend credit to consumers and what interest rate to charge. Fair Isaac will begin rolling out the new scoring model, named FICO 9, to credit bureaus this fall and to lenders later ...
FICO Recalibrates Its Credit Scores
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