Other than being in a very an extremely difficult financial situation the second reason for seeking out credit repair companies most of the times is if you have an upcoming inquiry. There are two main types of inquiries which are soft and hard. Each of them comes with specific ramifications to your credit score and some will remain on your credit score for years. Knowing that we understand why people come to us before applying to anything where your credit report may come into question. What we recommend in most cases is that you are well aware what your credit score is and what your credit score looks like. That way you can make good decisions when it comes to signing up places that will perform a credit inquiry.
How Do I Know My Credit Score?
You have probably seen a number of commercials on T.V. that talk about knowing your credit score and how companies promise to monitor it. Using one of these companies to monitor your credit score can actually be very beneficial to you as you will be able to use that information to make financial decisions. The problem lays in knowing who you can trust. Are you seriously considering inputting your social security number online on a webpage you just googled? We can think of a better option call us today and set up an appointment with us. Then come in and set down and let us walk you through getting your credit score safely and what that means for your financial future going forward.
Hard inquiries are performed whenever you fill out a new credit application. Hard inquiries can usually cause a decrease in your credit score and will remain on your credit report for two years. That is why we usually advise that you restrain from going out and applying for multiple credit cards all at once. It is really simple things that can help you avoid credit issues in the long run! If you are thinking of applying for a credit card or anything that would require a hard inquiry to make sure that your credit score can take it!
Soft inquiries are usually performed when you do things like check your credit score. These inquiries typically don’t affect your credit score and will not show up on your credit report. So you really don’t need to worry too much about these. If you are unsure about what activities will require a soft or hard inquiry we can help guide you through the usual suspects.
Don’t Bite Off More Than You Can Chew
Your credit score will tend to be fine if you are up to date on your payments obviously, and also if you don’t try biting off more than you can chew. This really means only relying on your credit for things that are absolutely necessary. Like a car or a house and a normal credit card. Do you really need the black card and one of those that gives you travel points?