Sentences with phrase «loan inquiries occur»

Not exact matches

Also, most scoring models take the appropriate steps to ensure that your score is not lowered because of the multiple inquiries that might occur in a specific time as a result of shopping for the best terms for an auto or home loan.

This type of inquiry usually occurs when applying for car loan or lease.

Hard inquiries usually occur when you apply for a loan or credit card and the lender performs a check on your credit.

This is different from a «soft inquiry,» which occurs when you look at your credit report or businesses check it for any other reason besides a credit or loan application.

The type of inquiry that has a negative impact on your credit scores is called a «hard inquiry» and this occurs when you actually apply for credit such as a car loan, credit card, mortgage loan, personal loan, etc..

Hard inquiries occur when you apply for a credit card, auto loan, mortgage or some other type of credit.

Involuntary inquiries typically occur when a lender looks at your report in order to determine whether or not they want to give you a pre-approved loan offer.

These types of credit inquiries occur when a business needs to analyze a lending decision; relevant examples include applications for auto loans, student loans, mortgages, rental situations, or credit cards.

FICO Scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which inquiries occur.

FICO ® Scores distinguish between a search for a single loan and a search for a mortgage, student or auto loan, in part by the length of time over which inquiries occur.

Loan officers are notified when mortgage inquiries occur on their borrowers» accounts alerting them to rate shopping, undisclosed mortgage loans and possible fraud.

Soft inquiries are background checks rather than checks occurring as a result of new loan applications; in some cases they happen without your knowledge or consent.

FICO attempts to distinguish between a search for a single loan and applications to open several new lines of credit by the window of time during which inquiries occur.