What does new inquiry mean on credit report?

A new inquiry is a request for a credit report or additional credit information from one of the major credit bureaus. If you apply for credit, make a loan, or refinance a mortgage and you have never had a credit inquiry within the past 6 months on your credit report, then you have a clean credit report. If you have a credit report with two or more inquiries then you have a blemish on your credit report.

What does new inquiry on credit mean?

A new inquiry on your credit report simply means a request for a credit report from a lender or a credit card company. If you decide to apply for a credit card or loan, the lender will check your credit report before issuing the card or loan. This helps them decide if you’re eligible for a card or loan, and the interest rate they’ll charge you. It also helps them determine how much you will owe them each month.

What does new inquiry mean on credit report Spanish?

A new credit inquiry refers to the time when a potential borrower submits a request for a credit report to check on their credit history. When a potential borrower submits a credit report request, it’s usually because they are interested in applying for a loan or credit card. This request can also be triggered when a potential borrower refinances or consolidates their debt. These inquiries can also trigger a hard pull on the credit report, which can temporarily freeze the credit report.

What does new inquiry on credit report mean?

New inquiries on your credit report alert the credit reporting bureaus that you’re looking for a mortgage or auto loan. You can view new inquiries on your credit report and request a free copy to ensure that no derogatory information is listed.

What does new inquiry on credit report mean in Spanish?

A new inquiry on your credit report means that a potential lender or mortgage company made a request for your credit report. That request is not proof that you have an offer on a loan or credit, but it does show that they're interested in working with you. If you see a new inquiry on your credit report, make sure you respond to it as soon as possible.