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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 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 ...

Applying For A Mortgage, Lamorinda? That Will Not Tank Your Credit Score

Patch.com
Applying for a mortgage does show up as a credit inquiry on your credit report. Too many total credit inquiries over time may slightly drop your score because it looks like you're shopping for credit, demonstrating a possible inability to manage your ...
Applying For A Mortgage, Lamorinda? That Will Not Tank Your Credit Score

10 Biggest Misconceptions Consumers Have About Their Credit Scores

MainStreet
NEW YORK (MainStreet) — The tabulation of credit scores is complicated, because each of the three credit bureaus uses its own formula, but consumers commonly misunderstand many facts about paying bills and credit cards. Below MainStreet ... Third Myth ...
10 Biggest Misconceptions Consumers Have About Their Credit Scores
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