topic Credit Check in Credit score

Credit Check

abbeygale876 — Mon, 08 Jun 2020 19:29:42 GMT

is it possible to get the credit inquiries on my score erased since my mother (who I am cosigning for) did not get approved by some of them?

Re: Credit Check

Opus 17 — Mon, 08 Jun 2020 22:28:07 GMT

No. The point of a credit score is to predict your risk for a future loan. Applying for credit multiple times makes you look like a more risky borrower, whether or not you succeeded in getting the credit.

Re: Credit Check

abbeygale876 — Mon, 08 Jun 2020 23:00:57 GMT

Thank you, Opus17. Thankfully, since the credit check was for the same financing it only counts as 1 inquiry.

Re: Credit Check

Opus 17 — Tue, 09 Jun 2020 17:30:03 GMT

@abbeygale876 wrote:

Thank you, Opus17. Thankfully, since the credit check was for the same financing it only counts as 1 inquiry.

Multiple checks within a 14 period count as one check for score purposes, even though all the checks will be listed on the report. Inquiries are also a fairly small part of the overall score, even though they are probably the most easily noticed factor ("my score went down and all I did was apply" etc.)