Too Many Inquiries Hurts One's Score

What matters most in the category of inquiries is kind AND frequency, with emphasis on the "and." For example, if your current creditors request your report so as to conduct a review of your account your credit score will not be adversely affected. The same goes if you decide to review your credit reports on a bi-monthly or monthly basis and proceed to request them. Even though the frequency is high, the kind of request in the latter instance negates any adverse impact.

On the other hand, if numerous requests are made, especially in a short period of time, at your instigation, then your credit score will very likely suffer. Again, it is the kind, and frequency, of the inquiry in question that will determine whether or not it is positive or negative. Thus, creditors are now taking into consideration that some numerous inquiries, even in a short period of time, are the result of price shopping and are rightfully giving cost-conscious consumers a needed break.

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