Posted by js on April 07, 2000 at 19:16:01:
There are different types of inquires. It depends of the type of inquiry that was made. Only the inquiries that you yourself authorize, can legally be put on your report that can affect your score. For example, you apply for a credit card, or give the car salesperson your name and ssn because your looking for a car. And each one lowers your score by 8-15 points. There are types of inquires that do not affect your score. If you did not authorize one or more of the inquires on you report, the law requires that it be removed at your request
This is a excerpt from an equifax report about inquires that don’t affect your score. The credit card inqs are probably of the first type unless you sent in a bunch of applications previousily
"THE FOLLOWING INQUIRIES ARE NOT REPORTED TO BUSINESSES:
PRM - This type of inquiry means that only your name and address were given to a credit grantor so they
could offer you an application for credit. (PRM inquiries remain on file for 12 months.)
AM or AR - These inquiries indicate a periodic review of your credit history by one of your creditors (AM and
AR inquiries remain on file for 12 months.)
EQUIFAX, ACIS or UPDATE - These inquiries indicate Equifax’s activity in response to your contact with us
for either a copy of your credit file or a request for research.
PRM, AM, AR, INQ, EQUIFAX, ACIS and UPDATE inquiries do not show on credit files that businesses
receive, only on copies provided to you.