Sentences with phrase «excessive number of credit inquiries»
Having an excessive number of credit inquiries will have a negative impact on your score.
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One note of caution: be careful to only open a reasonable number of accounts or risk a credit score drop due to excessive credit inquiries and debt - to - income ratio limitations.
Avoid excessive inquiries - A large number of inquiries occurred over a short period of time may be interpreted as a sign that you are opening numerous credit accounts due to financial difficulties or overextending yourself by taking on more debt that you can or can not easily repay.