Credit Card Hard Enquiries
1.8 میلیون بار بازدید -
2 سال پیش
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Recent surveys have shown that
Recent surveys have shown that around 50% of Indians do not know what affects their credit score. And some of your bad credit habits are making loans more expensive for you and one such offender is making too many hard inquiries with credit-giving institutions.
Every time you make a hard inquiry the bank checks your creditworthiness to know if you can pay back the loan.
Another parameter they check is the total number of hard inquiries made by a person this helps the bank ascertain how credit hungry you are, the hungrier you are the lower your credit score drops.
This is why if you are shopping the market for a loan or credit card do so within 14 days since all the inquiries made in those 14 days are taken as 1 hard inquiry, if you continue to make more inquiries post this period each hard inquiry made will lower your credit score.
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2 سال پیش
در تاریخ 1401/09/18 منتشر شده
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