Do inquiries into your credit affect your credit score?

I receive apprx. 15 credit card offers each week,is this affecting my score.

Answers:
to many inquiries can affect your score like 3 to 5 points if u give some to look at your credit report.. and if u are just getting offers then u are fine..
yes

Thanks,
Gary
http://PlanSuccessOnline.com
It shouldn't be affecting your score. There are two kinds of credit bureau inquiries: hard hits and soft hits. Soft hits don't affect your score. Those are the inquiries that creditors and banks use to pre-qualify you for credit offers. You can have literally dozens in a month and it won't affect your score. Also, hard hits (the ones that show up when you actually apply for credit) only affect your score after 2 weeks. The formula for your credit score excludes the number of inquiries that you have had over the past two weeks. The credit bureau got wise to the fact that people apply for credit at a lot of places at once and that their score shouldn't suffer because of it.

The answers post by the user, for information only, BAnswer.com does not guarantee the right.


More Related Questions and Answers...
  • What is the best way to get rid of from old inquries?
  • Is a 5.8% APR good for a new car loan?
  • When should you pay off old debts that are on your credit report and when should you leave them?
  • Hold on a Credit Card?
  • What has happened to customer service anymore. Is it acceptable to be a fast food type of society?
  • What is the lowest credit score I need for a decent mortgage loan?
  • I need a Credit Expert answer! Can someone pulling your credit report tell if you have ever had a bankruptsy.
  • I am being refused loans everywhere!help. in lots of debt and cant get out of it. UK companies useless!?
  • Credit report?