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How Do Inquiries Affect Your Credit Score?

Inquiries may or may not affect your FICO score. A FICO score takes into account only voluntary inquiries that result from your application for credit. The information about inquiries that can be factored into your FICO score includes:


Number of recently opened accounts, and proportion of accounts that are recently opened, by type of account.
Number of recent credit inquiries.
Time since recent account opening(s), by type of account.
Time since credit inquiry(s).

For many people, one additional credit inquiry (voluntary and initiated by an application for credit) may not affect their FICO score at all. For others, one additional credit inquiry would take less than 5 points off their FICO score.


Inquiries can have a greater impact, however, if you have few accounts or a short credit history. Large numbers of inquiries also mean greater risk: people with six inquiries or more on their credit reports are eight times more likely to declare bankruptcy than people with no inquiries on their reports.




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