How Many Points Will An Inquiry Lower My Credit Scores?

The idea that inquiries lower your credit scores a particular number of points is a complete myth. There is nothing on a consumer's credit report that raises or lowers your scores a fixed number of points. For example, an inquiry does not always lower your score 4 points (or 3, 5, or 6 points for that matter). An on-time payment does not raise your credit score 5 points. A late payment does not lower your scores 30 points. That is simply not the way that credit scores work.

If you have any questions about credit or credit reports message or email me at michael@risingpointsolutions.com. Better yet, you can contact me directly at 727-835-8416

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