Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Hard Credit Inquiries And Credit Scores

Wednesday, June 9, 2010 - 7:17 PM
A hard credit inquiry (that can be due to a credit card or checking account application) will temporarily ding your credit score which can be costly if you're about to take out a mortgage. How much of an effect will it be? Jim at Bargaineering has a good review of this question. His conclusion is that if you're planning on buying a house in the next two years, you should avoid opening a new line of credit.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634