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kestrelcarbon

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i have a hard inquiry from IFS just for applying a load, why is that?

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If a lender pulls your credit report becuase YOU ASKED for new credit or for increased credit then that is a hard inquiry.  Hard inquiries have a negative effect on your credit score because history has shown that some of these people subsequently run up large amounts of debt and have trouble repaying.

Hard inquries stay on your credit report for two years.   A few will have a relatively small effect on your total credit score, but a lot of inquiries in a few months to a year can have a larger cumulative effect.

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credit report

2 weeks ago i apply for a loan from IFS (innovative Funding Services), anyhow today i see that it effect my credit score. it drop -5 point, i m very dissapointed so do anyone know why?

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