Are Credit Card Inquiries Bad on My Credit Report
Author: Sylvia
Posted: Mon Jul 19, 2004 8:57 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/22/2001 8:19 pm CDT
Hi guys, I heard that credit inquiries will do harm to my credit record, is that true? Does that mean simply applying for credit cards are bad to my record since the creditors are certainly going to get my credit history from the reporting bureaus.
Thank you very much!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Mon Jul 19, 2004 8:57 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/22/2001 8:24 pm CDT
Sylvia,
Yes, too many credit inquiries within a short period of time are bad, a few aren't.
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira Stollerb
Posted: Mon Jul 19, 2004 8:58 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/22/2001 11:01 pm CDT
This is one of the most frequently asked questions on this board, and one where I usually disagree with the majority, thanks to my own personal experience. During a four year period I applied for and received 37 credit cards. Would that have happened if I was penalized for too many inquiries? I say no, it doesn't hurt, and it makes no sense for it to hurt, unless you have bad credit to begin with, or you apply for more cards than are warranted by your income and currently available credit. Banks make no money if they don't put cards out there.
Author: Tim
Posted: Mon Jul 19, 2004 8:58 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/24/2001 5:51 pm CDT
1)Does NET First National Bank have a special program of issuing credit cards to individuals with no credit or bad credit.
2) If so, does NET First National Bank EXPECT the individual to provide his or her bank account number as well as bank routing number as a proof that the individual has a checking account.
3) A friend of mine has been approached with the questions asked above by a so-called representative from NET First National Bank. I need to verify if the approach was legitimate.
Thank you
Posted: Mon Jul 19, 2004 8:57 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/22/2001 8:19 pm CDT
Hi guys, I heard that credit inquiries will do harm to my credit record, is that true? Does that mean simply applying for credit cards are bad to my record since the creditors are certainly going to get my credit history from the reporting bureaus.
Thank you very much!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Mon Jul 19, 2004 8:57 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/22/2001 8:24 pm CDT
Sylvia,
Yes, too many credit inquiries within a short period of time are bad, a few aren't.
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira Stollerb
Posted: Mon Jul 19, 2004 8:58 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/22/2001 11:01 pm CDT
This is one of the most frequently asked questions on this board, and one where I usually disagree with the majority, thanks to my own personal experience. During a four year period I applied for and received 37 credit cards. Would that have happened if I was penalized for too many inquiries? I say no, it doesn't hurt, and it makes no sense for it to hurt, unless you have bad credit to begin with, or you apply for more cards than are warranted by your income and currently available credit. Banks make no money if they don't put cards out there.
Author: Tim
Posted: Mon Jul 19, 2004 8:58 pm
Post subject: Are Credit Card Inquiries Bad on My Credit Report
10/24/2001 5:51 pm CDT
1)Does NET First National Bank have a special program of issuing credit cards to individuals with no credit or bad credit.
2) If so, does NET First National Bank EXPECT the individual to provide his or her bank account number as well as bank routing number as a proof that the individual has a checking account.
3) A friend of mine has been approached with the questions asked above by a so-called representative from NET First National Bank. I need to verify if the approach was legitimate.
Thank you
posted by CardRatings.com at 5:51 PM
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