Inquiries

Hard inquiries are when a potential lender is reviewing your credit because you’ve applied for credit with them. These lenders review your credit profile to see if you qualify for credit with their company. These include credit checks when you’ve applied for an auto loan, mortgage or credit card. Hard Inquiries effect your FICO score. For every hard inquiry on your credit report, you lose between 3 to 5 points. Hard inquires can be devastating to a credit report, too many on your report can ultimately cause credit denial, even if you have a high credit score. Our job here at PowerHouse Consultants, is to exterminate them from your report.