Clouded Titles-
The one thing in life we seem to pay little attention to is our credit rating. Yet every month our credit rating is subject to change. Credit scores run from 350 all the way up to 850 generally; however, not one of us understands that the creditors we deal with actually control our credit histories and our lives, many times for the worse.
Any time you fill out a credit application … anywhere … and the creditor runs a check of your credit … an inquiry appears on your credit report. An inquiry is generally a computer coded entry that lists the name of the creditor (and sometimes a code number) and the date the credit report was pulled. Too many of these inquiries in a short period of time will actually reduce your credit score, but not many people know that applying for credit all over town is not a good thing.
As I’ve said in previous posts: There’s no such thing as “good credit” as opposed to what we all know as “bad credit”!
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