Hard Credit Inquiries that Lead Nowhere...

[Emily Sulliban]

When I was younger, before I knew that hard credit inquiries had any affect on credit -before I even knew that you couldn't get credits cards without having any credit score, I applied for a few things and now I have 5 or 6 hard credit inquiries on my report. I don't even remember for applying for 5 or 6 things, but they're there on my credit report. To my understanding, 5 or 6 hard inquiries aren't good.

The thing is, I have no credit report other than these hard inquiries. I have no credit score- no credit built and no credit lost. The only bills I have ever had are my phone bill, Netflix bill, and an identification protector bill... none of which are/were ever paid late.

Im wondering: When I do start to build credit, will these hard inquiries affect my credit score? If so, to what extent?

Thanks!
-Emily

[Elisha Lowe]

I don't know how or if you can remove inquiries but if you are asking about the accounts themselves; I did it by writing the agencies and asking that they remove them - they were paid up. I neglected to mention I REALLY believe in using credit cards wisely.

I put heavy charges that I have cash for on my credit card. I just had my basement refinished and everything went on the card. I saved up the estimated amount over the last year so that I could pay each amount charged immediately. I try not to charge towards the upper limit of the card. I don't know how fast that builds credit but it always works for me and keeps the card people offering up higher limits. I don't always accept though.

Years ago I started watching Suze Orman, saving, investing, and reading up on having excellent credit - it really is not as complicated as you may think to fix/build credit.

Don't be scared at all, If you apply and can't get anything they'll say no. Big deal.